NTAP
NetApp, Inc.113.09
-1.02-0.89%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
22.57BP/E (TTM)
19.70Basic EPS (TTM)
5.74Dividend Yield
0.02%Recent Filings
8-K
10-Q
8-K
NetApp boosts equity reserves
NetApp's stockholders approved amendments to its Employee Stock Purchase Plan and 2021 Equity Incentive Plan at the September 10, 2025 annual meeting, adding 4 million and 5 million shares respectively to support employee incentives. The board also hiked outside director RSU awards, lifting initial grants from $275,000 to $285,000 and annual ones from $275,000 to $285,000. All directors were re-elected; exec pay and auditor Deloitte were ratified. These moves bolster talent retention amid tight markets.
8-K
NetApp Q1 revenues up 1%
NetApp kicked off fiscal 2026 with $1.56 billion in net revenues, up 1% year-over-year, while all-flash array sales surged 6% to $893 million, securing the top market share spot. Billings rose 4% to $1.51 billion, fueling record $673 million operating cash flow and $404 million returned to shareholders. Yet cash dipped after debt repayment. Guidance projects $1.615-$1.765 billion for Q2. Momentum builds in AI infrastructure.
10-Q
Q1 FY2026 results
NetApp's Q1 FY2026 revenue edged up 1% y/y to $1.559B, driven by 4% services growth to $905M while product sales dipped 2% to $654M; gross margin held steady at 70.4% despite higher component costs squeezing hybrid cloud product margins by six points. Operating income climbed 10% y/y to $309M on lower sales and R&D expenses, yielding diluted EPS of $1.15, down slightly from $1.17 on share repurchases. Cash from operations surged to $673M, funding $300M in buybacks and a $750M debt repayment that trimmed total debt to $2.5B; free cash flow hit $620M after $53M capex. Hybrid cloud dominated at 90% of revenue, with public cloud steady at $161M. Yet patent litigation from non-practicing entities poses risks to product shipments.
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