Every material Form 8-K NetApp filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NetApp reported fiscal second-quarter 2026 results for the period ended October 24, 2025, with net revenues of $1.71 billion, up 3% from a year earlier, and GAAP diluted earnings per share of $1.51, up from $1.42. The company also gave guidance for the third quarter and full fiscal 2026, with full-year net revenues expected between $6.625 billion and $6.875 billion.
Net revenues were $1.71 billion, up 3% year over year; GAAP net income was $305 million versus $299 million.
Non-GAAP diluted EPS was $2.05, up 10% from $1.87; GAAP operating profit was $399 million.
Third-quarter fiscal 2026 GAAP EPS is expected at $1.52 to $1.62; full-year fiscal 2026 GAAP EPS at $5.82 to $6.12.
NetApp returned $353 million to stockholders through share repurchases and dividends; next dividend is $0.52 per share, payable January 21, 2026.
At its September 10, 2025 annual meeting, NetApp stockholders re-elected all nine board nominees and approved increases to the Employee Stock Purchase Plan and 2021 Equity Incentive Plan share reserves. The company also raised outside director RSU award values, while a stockholder proposal on special shareholder meetings failed.
Employee Stock Purchase Plan share reserve increased by 4,000,000 shares
2021 Equity Incentive Plan share reserve increased by 5,000,000 shares
Initial director RSU award raised from $275,000 to $285,000; annual Chairman award raised from $350,000 to $360,000
Stockholder proposal on a special shareholder meeting improvement was not approved (21,071,706 for, 144,253,624 against)
NetApp reported first-quarter fiscal 2026 results ended July 25, 2025, with net revenues up 1% to $1.56 billion and GAAP net income down 6% to $233 million. The company also issued second-quarter and full-year fiscal 2026 revenue guidance above the prior-year quarter's level, with GAAP EPS guidance for the second quarter of $1.35 to $1.45.
Net revenues were $1.559 billion, up from $1.541 billion; GAAP net income was $233 million versus $248 million; GAAP diluted EPS was $1.15 versus $1.17.
Billings grew 4% to $1.511 billion; cash provided by operations was $673 million versus $341 million.
Q2 fiscal 2026 net revenue guidance is $1.615 billion to $1.765 billion; full-year guidance is $6.625 billion to $6.875 billion, with full-year GAAP EPS of $5.72 to $6.02.
Next quarterly dividend is $0.52 per share, payable October 22, 2025, to holders of record on October 3, 2025.
NetApp reported fourth-quarter fiscal 2025 net revenues of $1.73 billion, up 4% from a year earlier, and GAAP net income of $340 million, or $1.65 per share, compared with $291 million and $1.37 a year earlier. The company guided fiscal 2026 net revenues to $6.625 billion to $6.875 billion and authorized up to an additional $1.1 billion in share repurchases, while Executive Vice President and Chief Product Officer Harvinder Bhela plans to leave that role by June 20, 2025.
Q4 fiscal 2025 net revenues $1.73 billion, up 4% year over year; GAAP EPS $1.65 vs. $1.37
Fiscal 2026 net revenue guidance $6.625 billion to $6.875 billion; GAAP EPS guidance $5.80 to $6.10
Board authorized up to an additional $1.1 billion in stock repurchases on May 22, 2025, with no expiration date
Chief Product Officer Harvinder Bhela to transition out of his role by June 20, 2025
NetApp's Board increased its size from nine to ten directors and appointed Frank Pelzer, chief operating officer of Spotnana, to fill the new seat. Pelzer will serve on the Audit Committee, and the Board has determined he qualifies as an audit committee financial expert.
Board approved increase from nine to ten authorized directors on March 21, 2025
Frank Pelzer appointed to the Board and will serve on the Audit Committee
Pelzer is Spotnana's COO and previously served as CFO of F5; the filing reports no related party transactions
Press release dated March 26, 2025 announces the appointment
NetApp sold two tranches of senior notes in a public offering, with each tranche totaling $625 million, and will use part of the net proceeds to repay its 1.875% notes due 2025 at maturity. The filing adds about $1.25 billion of new debt on the company's balance sheet, with the remaining proceeds going to general corporate purposes.
2032 Notes: $625 million at 5.500%, maturing March 17, 2032
2035 Notes: $625 million at 5.700%, maturing March 17, 2035
Proceeds will repay 1.875% Senior Notes due 2025 at maturity, with the remainder for general corporate purposes
Underwriting agreement dated March 12, 2025 with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC
NetApp entered a Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, providing a $1.0 billion revolving unsecured credit facility. No borrowings or letters of credit were outstanding as of March 5, 2025, and the filing describes the facility as available for general corporate purposes and as liquidity support for its commercial paper program.
Facility size is $1.0 billion, with a $50.0 million sublimit for letters of credit.
Maturity is March 5, 2030, with an option to extend for two additional 1-year periods, subject to conditions.
An expansion option allows a request for up to an additional $500.0 million, for a potential total of $1.5 billion.
The agreement replaces the Amended and Restated Credit Agreement dated January 22, 2021, and requires compliance with a maximum leverage ratio measured quarterly.
NetApp reported third-quarter fiscal 2025 net revenues of $1.64 billion, up 2% year over year, while GAAP net income fell to $299 million and GAAP diluted EPS to $1.44 from $1.48. The company also gave fourth-quarter and updated full-year fiscal 2025 revenue and EPS ranges, and announced a new CFO effective March 10, 2025.
Q3 net revenues $1.64 billion vs. $1.61 billion a year earlier; non-GAAP EPS $1.91 vs. $1.94
Q3 GAAP net income $299 million vs. $313 million; cash provided by operations $385 million vs. $484 million
NetApp said Elizabeth (Beth) O'Callahan, its Executive Vice President and Chief Legal Officer, will take on a broader role as Chief Administrative Officer effective March 3, 2025, adding Human Resources, Workplace Experience and Corporate Communications to her existing legal, compliance, government relations and sustainability duties. The Talent and Compensation Committee approved a new annual base salary of $715,000 for her, and the filing reports no earnings, guidance or financial results.
Title changes to Executive Vice President, Chief Administrative Officer and Secretary, effective March 3, 2025.
Her new annual base salary is $715,000, effective March 3, 2025.
She joined NetApp in 2013 and has been Chief Legal Officer since January 2022; she is 55.
Chief Executive Officer George Kurian is quoted in the accompanying press release, dated February 26, 2025.
NetApp announced that Wissam Jabre, formerly CFO of Western Digital, will become Executive Vice President and Chief Financial Officer effective March 10, 2025, replacing Michael J. Berry, who previously announced his retirement. Berry will stay on as a senior advisor to help with the transition. The change puts a new principal financial officer in charge of NetApp's finances, with compensation terms set out in the filing.
Wissam Jabre, age 55, becomes EVP and CFO effective March 10, 2025, replacing Michael J. Berry
Jabre's base salary is $750,000, with a 130% annual incentive target
Jabre will receive a $6,565,500 bonus, subject to repayment if he leaves within 24 months
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NetApp filing is on SEC EDGAR ↗. 8-K briefs of other companies →