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AI brief of an SEC Form 8-K · NETSCOUT Systems (NTCT)

NETSCOUT Q1 revenue falls to $174.6 million; $427 million goodwill charge drives loss

Negative Impact 4 of 5 earnings Written later

NETSCOUT reported first-quarter fiscal 2025 revenue of $174.6 million, down from $211.1 million a year earlier, and a GAAP net loss of $443.4 million, or $6.20 per share, driven by a $427.0 million non-cash goodwill impairment and a $16.6 million restructuring charge. The company cut its fiscal 2025 GAAP net loss per share guidance to ($5.28) to ($5.03) from a prior GAAP net income range of $0.58 to $0.82, while revenue guidance of $800 million to $830 million and non-GAAP EPS guidance of $2.10 to $2.30 were unchanged.

Key points

  • Q1 FY25 revenue was $174.6 million versus $211.1 million in Q1 FY24; non-GAAP net income was $20.6 million, or $0.28 per share, versus $0.31 per share a year earlier
  • GAAP net loss was $443.4 million, or $6.20 per share, including a $427.0 million goodwill impairment and a $16.6 million restructuring charge
  • FY25 GAAP net loss per share guidance is now ($5.28) to ($5.03), versus a prior GAAP net income range of $0.58 to $0.82
  • Voluntary Separation Program is expected to reduce about 150 employees and generate net annual run-rate savings of $25 million to $27 million

The filing

CompanyNETSCOUT Systems (NTCT)
Form8-K, current report
Filed with the SECJul 25, 2024, 7:34 AM ET
Accession number0001628280-24-032902

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 July 25, 2024.

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.