NetApp Inc ( (NTAP) ) has released its Q3 earnings. Here is a breakdown of the information NetApp Inc presented to its investors.
NetApp Inc., a leading company in the intelligent data infrastructure sector, specializes in providing unified data storage and integrated data services to enhance cloud operations and data management. In its latest earnings report for the third quarter of fiscal year 2025, NetApp reported net revenues of $1.64 billion, marking a modest 2% increase from the previous year. The company highlighted significant growth in its all-flash array and cloud storage services, with revenues in these areas increasing by 10% and over 40% year-over-year, respectively.
Key financial metrics from the report include a GAAP operating margin of 22% and a non-GAAP operating margin of 30%. NetApp’s GAAP net income per share was $1.44, while the non-GAAP net income per share was $1.91. The company returned $306 million to shareholders through share repurchases and dividends, reflecting its commitment to delivering shareholder value.
Strategically, NetApp continues to innovate with the launch of new all-flash storage systems and expanded cloud offerings. The company also formed strategic partnerships, such as with the San Francisco 49ers and Red Hat, to enhance its market position and customer reach. Additionally, NetApp announced the sale of its Spot by NetApp FinOps business to Flexera, aligning with its focus on core data infrastructure solutions.
Looking ahead, NetApp’s management remains optimistic, projecting fourth-quarter revenues between $1.65 billion and $1.80 billion. The company aims to maintain strong operating margins and continue its strategic focus on hybrid and multicloud infrastructure, positioning itself as a preferred supplier for AI and data-driven workloads.