- NetApp’s net revenue for the first quarter was $1.56 billion, marking a 1.2% increase year-over-year, and aligning with the estimated $1.55 billion.
- Hybrid cloud net revenue amounted to $1.40 billion, up 1.2% from the previous year, slightly surpassing the forecast of $1.39 billion.
- Product revenue experienced a decline of 2.2% year-over-year, reaching $654 million, just below the projected $655.2 million.
- Support revenue saw an increase of 2.5% year-over-year, totaling $647 million and exceeding the estimate of $638 million.
- Public cloud net revenue rose by 1.3% year-over-year to $161 million, but fell short of the expected $163.2 million.
- The adjusted gross margin was reported at 71.1%, slightly down from last year’s 72.2% and just below the estimated 71.3%.
- Earnings per share (EPS) were reported at $1.15, compared to $1.17 in the previous year.
- Analyst recommendations included six ‘buy’ ratings and twelve ‘hold’ ratings, with no ‘sell’ ratings.
Netapp Inc on Smartkarma
On Smartkarma, independent analysts like Baptista Research are providing insightful coverage of NetApp Inc. According to Baptista Research, NetApp’s recent performance has been impressive, with record revenue reported for the fourth quarter and fiscal year 2025. The company demonstrated strong growth in the all-flash storage market and various storage services, achieving all-time highs in key financial metrics like gross profit, operating profit, and earnings per share. NetApp’s focus on AI-powered infrastructure, particularly in the areas of all-flash systems and public cloud services, has positioned it well for success in the evolving enterprise AI market.
In another report by Baptista Research on Smartkarma, the analysts highlighted NetApp’s continuous growth, including a 2% year-over-year revenue increase in the third quarter of fiscal year 2025. Despite this positive performance, the company acknowledged some challenges related to deal closures towards the end of the quarter. Even with these hurdles, NetApp was able to achieve an above-expected operating margin of 30%. Baptista Research suggests that NetApp’s cloud profits are on a soaring trajectory, indicating a potentially sustainable trend in the company’s financial performance.
A look at Netapp Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NetApp Inc, a provider of storage and data management solutions, is showing a promising long-term outlook based on Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 4, the company is positioned well for future expansion and able to weather economic uncertainties. Additionally, a Momentum score of 5 suggests the company is gaining positive traction in the market, indicating potential for further growth.
While NetApp Inc’s Value score is at 2 and Dividend score at 3, indicating some areas for potential improvement, the overall outlook remains positive. With a solid foundation in providing storage solutions for various sectors including enterprises, government agencies, and universities globally, NetApp Inc’s strong scores in Growth, Resilience, and Momentum bode well for its future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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