Q4 2025 NetApp Inc Earnings Call Transcript
Key Points
- NetApp Inc (NTAP) achieved record revenue for the fourth quarter and fiscal year 2025, driven by strong growth in all-flash storage and marketplace storage services.
- The company reached all-time highs for gross profit, operating profit, operating margin, and EPS in FY25, showcasing its ability to navigate a dynamic environment.
- All-flash array annualized revenue run rate grew 14% from Q4 a year ago to a record $4.1 billion, with significant market share gains.
- First-party and marketplace cloud storage services grew 44% year over year in the fourth quarter, contributing to a 22% growth in Public Cloud segment revenue.
- NetApp Inc (NTAP) closed approximately 150 AI infrastructure and data lake modernization deals in Q4, demonstrating strong momentum in the AI market.
- The global macroeconomic outlook remains uncertain, with a general slowdown in growth, lingering inflation concerns, and increased spending caution.
- NetApp Inc (NTAP) expects some increased spending caution in the US public sector and EMEA, impacting its outlook for fiscal year 2026.
- The company is incorporating caution in its FY26 outlook due to geopolitical uncertainties and potential impacts from tariffs.
- Q1 revenue guidance implies a decline of 1% year over year, reflecting a cautious approach to the uncertain macro environment.
- The divestiture of the Spot business is expected to impact reported Public Cloud and total revenue growth for fiscal year 2026.
Good day, and welcome to the NetApp fourth-quarter and fiscal year 2025 earnings call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Kris Newton, Vice President, Investor Relations. Please go ahead.
Hi, everyone. Thanks for joining us. With me today are our CEO, George Kurian; and CFO, Wissam Jabre. This call is being webcast live and will be available for replay on our website at netapp.com.
During today's call, we will make forward-looking statements and projections with respect to our financial outlook and future prospects, including, without limitation, our guidance for the first quarter and fiscal year 2026, our expectations regarding future revenue, profitability and shareholder returns, and other growth initiatives and strategies.
These statements are subject to various risks and uncertainties, which may cause our actual results to differ materially. For more information, please refer to the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
