following the close of the market, NetApp, Inc. (NASDAQ: NTAP) released its earnings report, offering investors a glimpse into the company’s -first quarter performance.
Wall Street is buzzing about the results because the earnings as well as revenues beat the street expectations.
The revenues adding up $1541 million, outperformed market forecasted $1525.77 million for the quarter.
During the quarter the business recorded a Non-GAAP income of $1.56 per share, outplayed the analysts expected $1.45 profit per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2025 | $1.56 | +35.7% | 1.54 B | +7.6% |
| Q4 2024 | $1.80 | +16.9% | 1.67 B | +5.5% |
| Q3 2024 | $1.94 | +41.6% | 1.61 B | +5.2% |
| Q2 2024 | $1.58 | +6.8% | 1.56 B | -6.1% |
*Growth on year-over-year basis
In contrast to the similar quarter of previous year revenues advanced 7.61 percent, besides the profit per share accelerated 35.65 percent.
In the realm of financial anticipation, The concern has projected earnings goal for Q2 2025 ranging between $1.73 and $1.83 per share, and they anticipate accomplishing revenue ranging between $1.57 and $1.72 billion for the same period.
At the same time, Wall Street analysts predict earnings of $1.70 per share along with revenues of $1.63 billion
NTAP has revised its expected revenue for fiscal year 2025. The updated forecast now shows a range of $6.48 to $6.68 billion, compared to the prior range of $6.45 to $6.65 billion.
Additionally, the company has updated its earnings outlook for fiscal year 2025, with the new forecast showing a range of $7.00 to $7.20 per share, compared to the earlier range of $6.80 to $7.00 per share.
However financial experts on Wall Street expect earnings of $6.89 per share along with revenues of $6.55 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| Q2 2025 | EPS | $1.73~$1.83 | $1.70 | 4.7% |
| REV | $1.57 B~$1.72 B | $1.63 B | 0.6% | |
| FY 2025 | EPS | $7.00~$7.20 | $6.89 | 3% |
| REV | $6.48 B~$6.68 B | $6.55 B | 0.5% |
*Based on mid-point
NetApp (NTAP) closed Wednesday’s regular trading session at $131.91, demonstrating a 0.91 percent decrease, with a volume of 1.90 million shares.
