NetApp Inc. (NASDAQ: NTAP), the intelligent data infrastructure leader, has announced record-breaking financial results for the fourth quarter and full fiscal year 2025, ending April 25, 2025. The company demonstrated robust growth across its core segments, driven by strategic innovations and accelerating demand in enterprise AI and cloud storage solutions.
Net revenues surged to \(6.57 billion, marking a 5% year-over-year increase from \)6.27 billion in fiscal 2024.
The all-flash array annualized net revenue run rate hit a record $4.1 billion, a 14% rise compared to the previous year.
First-party and marketplace Public Cloud services revenue soared by 43% to $416 million.
Billings reached a record $6.78 billion, increasing 8% year-over-year.
GAAP gross profit topped \(4.61 billion, while non-GAAP gross profit set a record at \)4.67 billion.
GAAP operating profit achieved \(1.34 billion versus \)1.21 billion prior year; non-GAAP operating profit reached $1.86 billion, an all-time high.
Operating margins also set records, with GAAP margins at 20% and non-GAAP margins at 28% for the year.
Net income soared to \(1.19 billion GAAP, up from \)986 million, with earnings per diluted share increasing to \(5.67 from \)4.63.
The company returned $1.57 billion to shareholders in share repurchases and dividends.
Net revenues stood at \(1.73 billion, up 4% from \)1.67 billion in Q4 FY 2024.
Hybrid Cloud segment revenue was \(1.57 billion; Public Cloud segment revenue increased to \)164 million.
Billings expanded by 12% year-over-year to $2.03 billion.
GAAP net income rose 17% to \(340 million; non-GAAP net income increased slightly to \)397 million.
Earnings per share grew to \(1.65 GAAP and \)1.93 non-GAAP.
Cash and equivalents totaled $3.85 billion, demonstrating strong liquidity.
Operating cash flow was $675 million, increasing 10% over the prior year’s quarter.
NetApp expanded its enterprise storage portfolio with ASA block-optimized systems for remote offices, furthering its leadership in affordable and powerful block storage.
New updates in the NetApp EF portfolio include 30TB and 60TB QLC drives tailored for high-demand workloads in media, HPC, AI, and databases.
The introduction of the NetApp FAS50 array balances price and performance for efficient secondary workload management.
Advanced cybersecurity measures such as post-quantum cryptography and ransomware protection have been added to the storage layer.
Launch of the NetApp cyber vaulting solution, leveraging SnapLock compliance software to ensure data integrity and availability.
Release of NetApp Trident 25.02 software to facilitate storage deployment across Kubernetes environments.
Enhancement of BlueXP workload factory for GenAI enables AI-powered multimodal insights on document-based data.
NetApp named the NFL’s Official Intelligent Data Infrastructure partner, underlining its technology efficacy in high-stakes environments.
NVIDIA validated NetApp’s enterprise storage solutions for AI workloads with NetApp ONTAP integration.
Collaborations with Microsoft and Google Cloud have expanded capabilities of Azure NetApp Files and Google Cloud NetApp Volumes, respectively.
Amazon FSx now benefits from NetApp’s Autonomous Ransomware Protection, enhancing cloud data security.
Strategic partnerships with distributors like TD SYNNEX in the UK and cloud hosting providers in Australia are driving global reach.
Q1 Fiscal 2026 net revenues are projected between \(1.455 billion and \)1.605 billion.
GAAP operating margins are expected in the 19%-20% range, with non-GAAP margins targeting 25%-26%.
EPS guidance for Q1 FY 2026 is between \(1.06 and \)1.16 GAAP, and \(1.48 to \)1.58 non-GAAP.
Full Fiscal Year 2026 outlook includes net revenues in the range of \(6.625 billion to \)6.875 billion.
Operating margins anticipated between 22.8%-23.8% GAAP and 28.8%-29.8% non-GAAP.
Earnings per share guidance is set at \(5.80 to \)6.10 GAAP, and \(7.60 to \)7.90 non-GAAP.
A cash dividend of $0.52 per share is scheduled for July 23, 2025.
This performance aligns with NetApp’s stated strategic direction from previous earnings calls, emphasizing leadership in all-flash storage market share gains and first-party cloud service expansion. The company continues to leverage its AI data platform integrations and hybrid cloud infrastructure innovations to capitalize on accelerating enterprise demand for AI-enabled data services.
NetApp’s fiscal year 2025 exemplified robust revenue growth, improved profitability margins, and disciplined capital returns, positioning it strongly for continued expansion in the enterprise data infrastructure and AI markets. With record billings and enhanced product offerings that address rising hybrid and public cloud demands, NetApp is strategically equipped to sustain long-term shareholder value creation.
For investors and industry observers looking for detailed financials and business insights, the full official SEC filing can be accessed here: NetApp 8-K Fiscal Year 2025 Results
Tags: NTAP, NetApp, FY2025, AllFlashStorageGrowth, AIDataInfrastructure, HybridCloudRevenue