NetApp (NTAP) Tops Q2 EPS by 9c, Offers Guidance

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NetApp Reports Second Quarter of Fiscal Year 2025 Results

November 21, 2024 4:01 PM EST

Net revenues of $1.66 billion for the second quarter; 6% year-over-year increase

Record all-flash array annualized net revenue run rate1 of $3.8 billion, an increase of 19% year-over-year First party and marketplace cloud storage services revenue grew approximately 43% year-over-year Second quarter GAAP operating margin of 21%; record second quarter non-GAAP operating margin2 of 29% Second quarter GAAP net income per share3 of $1.42; record second quarter non-GAAP net income per share2 of $1.87 Returned $406 million to stockholders through share repurchases and cash dividends

SAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ:... More