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NetApp NTAP Q4 2025 Annual earnings

Reported May 29, 2025 · After market close

Revenue$1.7BBeat by $8.7M
EPS$1.93Beat by $0.03
Revenue estimate$1.7B
EPS estimate$1.90

Next report

Dec 1, 2026 (in 2 months)
Revenue estimate$2.1B
EPS estimate$2.60

Financials

Q4 2025

Income statement

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Revenue$1.7B+3.8%
Gross profit$1.2B+1.4%
Operating income$348.0M-4.9%
Net income$340.0M+16.8%
EPS (diluted)$1.64+19.7%

Balance sheet

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Cash & equivalents$2.7B+44.1%
Total debt$3.5B+31.6%
Total equity$1.0B-9.2%
Total assets$10.8B+9.5%

Cash flow

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Operating cash flow$675.0M+10.1%
CapEx$35.0M-23.9%
Free cash flow$640.0M+12.9%

Valuation & ratios

Valuation

as of 04/30/25
See full
Market cap$18.2B-13.6%
Enterprise value$18.95B-13.1%
P/E15.3×-6.0×
P/S2.8×-0.6×

Profitability

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Gross margin70.2%-0.5pp
Operating margin20.3%+1.0pp
Net margin18%+2.3pp
FCF margin20.4%-4.1pp

Returns & leverage

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Return on equity108.5%+23.0pp
Debt / equity3.4×+1.0×
Current ratio1.3×+0.1×

Segments

By geography

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Americas$889.0M+4.8%
EMEA$589.0M+4.1%
Asia Pacific$254.0M0.0%

By product

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Support$625.0M+0.3%
Public Cloud$164.0M+7.9%
Professional And Other Services$98.0M+12.6%

By segment

See full
Hybrid Cloud$1.6B+3.4%

FAQ

When did NetApp report Q4 2025 earnings?
NetApp (NTAP) reported Q4 2025 earnings on May 29, 2025 after market close.
What were NetApp's Q4 2025 revenue and EPS?
NetApp reported revenue of $1.7B and eps of $1.93 for Q4 2025.
Did NetApp beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.7B by $8.7M. EPS beat the consensus estimate of $1.90 by $0.03.
How did NetApp's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.9% from $1.7B a year earlier and eps grew 7.2% from $1.80.
Where can I find NetApp's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000950170-25-078936) and the 10-K periodic report (0000950170-25-083705) directly on SEC EDGAR. The filing index links above go to sec.gov.