Discontinued — last reported Q3 '25
Deferred Product Revenue — Deferred Revenue
NetApp Deferred Product Revenue — Deferred Revenue increased by 4.5% to $69.00M in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.1%, from $57.00M to $69.00M. Over 4 years (FY 2021 to FY 2025), Deferred Product Revenue — Deferred Revenue shows relatively stable performance with a 2.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong future product demand and a growing backlog of performance obligations, while a decrease may indicate faster fulfillment of orders or a potential slowdown in new product bookings.
Detailed definition
This metric represents the portion of revenue from product sales that has been invoiced or collected but not yet recogni...
Peer comparison
Comparable to 'Deferred Revenue' or 'Contract Liabilities' found in the balance sheets of other hardware and enterprise software companies, reflecting the scale of unearned product-related commitments.
ntap_segment_deferred_product_revenue_contract_with_customer_liabilityHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $59.00M | $47.00M | $47.00M | $49.00M | $31.00M | $36.00M | $22.00M | $21.00M | $18.00M | $21.00M | $36.00M | $41.00M | $59.00M | $57.00M | $57.00M | $54.00M | $66.00M | $69.00M |
| QoQ Change | — | -20.3% | +0.0% | +4.3% | -36.7% | +16.1% | -38.9% | -4.5% | -14.3% | +16.7% | +71.4% | +13.9% | +43.9% | -3.4% | +0.0% | -5.3% | +22.2% | +4.5% |
| YoY Change | — | — | — | — | -47.5% | -23.4% | -53.2% | -57.1% | -41.9% | -41.7% | +63.6% | +95.2% | +227.8% | +171.4% | +58.3% | +31.7% | +11.9% | +21.1% |
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Frequently Asked Questions
- What is NetApp's deferred product revenue — deferred revenue?
- NetApp (NTAP) reported deferred product revenue — deferred revenue of $69.00M in Q2 2025.
- How has NetApp's deferred product revenue — deferred revenue changed year-over-year?
- NetApp's deferred product revenue — deferred revenue increased by 21.1% year-over-year, from $57.00M to $69.00M.
- What is the long-term trend for NetApp's deferred product revenue — deferred revenue?
- Over 4 years (2021 to 2025), NetApp's deferred product revenue — deferred revenue has grown at a 2.1% compound annual growth rate (CAGR), from $215.00M to $234.00M.
- What does deferred product revenue — deferred revenue mean?
- This is the amount of money received or billed for products that have not yet been delivered or fully recognized as revenue.