- NetApp (NTAP, Financial) reported a 4% increase in fourth-quarter revenue to $1.73 billion year-over-year.
- Fiscal year 2025 net revenues reached $6.57 billion, marking a 5% year-over-year growth.
- Record public cloud services revenue for fiscal year 2025 at $416 million, a 43% increase year-over-year.
NetApp Inc. (NTAP), a leader in data infrastructure, announced a robust financial performance for the fourth quarter and fiscal year 2025, ending on April 25, 2025. The company recorded $1.73 billion in net revenues for the fourth quarter, a 4% increase from the previous year, and $6.57 billion for the fiscal year, up 5% from fiscal 2024. NetApp's strategy of expanding its all-flash storage and enhancing cloud services significantly contributed to these results.
The company's all-flash array annualized net revenue run rate reached a record $4.1 billion, representing a 14% year-over-year increase. Meanwhile, public cloud services experienced a remarkable revenue growth of 43%, reaching $416 million in fiscal year 2025.
GAAP gross profit for the fourth quarter stood at $1.19 billion, with non-GAAP gross profit slightly higher at $1.20 billion. For the fiscal year, GAAP gross profit was $4.61 billion, while non-GAAP gross profit reached a record $4.67 billion. Operating profits also depicted strong performance, with fourth-quarter GAAP operating profit at $348 million and a record non-GAAP operating profit of $496 million. For fiscal year 2025, GAAP operating profit was $1.34 billion, and non-GAAP operating profit ascended to $1.86 billion.
Throughout fiscal year 2025, NetApp returned $1.57 billion to stockholders through share repurchases and dividends, reflecting the company's commitment to delivering value to its investors. Looking ahead, NetApp provides a financial outlook for the first quarter of fiscal year 2026, projecting net revenues between $1.455 billion and $1.605 billion, with expected earnings per share ranging from $1.06 to $1.16 on a GAAP basis and $1.48 to $1.58 on a non-GAAP basis. For the full fiscal year 2026, net revenues are anticipated to be between $6.625 billion and $6.875 billion.
NetApp's CEO, George Kurian, emphasized the company's steadfast focus on innovation and market expansion, particularly in all-flash storage and cloud services, positioning NetApp for sustained long-term growth. The company also highlighted significant product innovations and strategic partnerships in areas such as AI and cloud integration with industry leaders like NVIDIA and Microsoft Azure.
