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AI brief of an SEC Form 8-K · NetApp (NTAP)

NetApp Q2 revenue rises 6% to $1.66 billion; GAAP EPS climbs to $1.42 from $1.10

Positive Impact 3 of 5 earnings Written later

NetApp reported second-quarter fiscal 2025 results for the quarter ended October 25, 2024, with net revenues up 6% and GAAP net income per share of $1.42, compared with $1.10 a year earlier. The company also issued third-quarter fiscal 2025 guidance and an update to its full-year fiscal 2025 guidance. For shareholders, revenue and profit grew, though cash provided by operations fell to $105 million from $135 million.

Key points

  • Net revenues were $1.66 billion, up from $1.56 billion, and billings rose 9% to $1.59 billion.
  • GAAP net income per share was $1.42 versus $1.10; non-GAAP net income per share was $1.87 versus $1.58.
  • Third-quarter fiscal 2025 guidance: net revenues of $1.610 billion to $1.760 billion and non-GAAP EPS of $1.85 to $1.95.
  • Full-year fiscal 2025 guidance: net revenues of $6.540 billion to $6.740 billion and non-GAAP EPS of $7.20 to $7.40.

The filing

CompanyNetApp (NTAP)
Form8-K, current report
Filed with the SECNov 21, 2024, 4:05 PM ET
Accession number0000950170-24-129714

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 21, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.