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NetApp (NTAP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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NetApp (NTAP - Free Report) reported $1.73 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 3.8%. EPS of $1.93 for the same period compares to $1.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +1.58%, with the consensus EPS estimate being $1.90.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NetApp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross margin - Product - Non-GAAP: 55.4% compared to the 56.2% average estimate based on eight analysts.
Gross margin - Services - Non-GAAP: 82.9% versus 82% estimated by seven analysts on average.
Total Revenue - % Change: 4% compared to the 3.6% average estimate based on six analysts.
Geographic Mix - EMEA: 34% compared to the 33.8% average estimate based on three analysts.
Geographic Mix - Americas: 51% versus the three-analyst average estimate of 50.9%.
Geographic Mix - Asia Pacific: 15% versus 15.2% estimated by three analysts on average.
Net revenues- Services: $887 million versus $896 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Net revenues- Product: $845 million versus $832.37 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Net revenues- Public Cloud: $164 million compared to the $170.34 million average estimate based on six analysts. The reported number represents a change of +7.9% year over year.
Net revenues- Hybrid Cloud: $1.57 billion versus the five-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +3.4%.
Net revenues- Support: $625 million versus the five-analyst average estimate of $639.12 million. The reported number represents a year-over-year change of +0.3%.
Net revenues- Professional and Other Services: $98 million versus $95.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
Shares of NetApp have returned +11.1% over the past month versus the Zacks S&P 500 composite's +6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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NetApp (NTAP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
NetApp (NTAP - Free Report) reported $1.73 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 3.8%. EPS of $1.93 for the same period compares to $1.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +1.58%, with the consensus EPS estimate being $1.90.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NetApp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross margin - Product - Non-GAAP: 55.4% compared to the 56.2% average estimate based on eight analysts.
- Gross margin - Services - Non-GAAP: 82.9% versus 82% estimated by seven analysts on average.
- Total Revenue - % Change: 4% compared to the 3.6% average estimate based on six analysts.
- Geographic Mix - EMEA: 34% compared to the 33.8% average estimate based on three analysts.
- Geographic Mix - Americas: 51% versus the three-analyst average estimate of 50.9%.
- Geographic Mix - Asia Pacific: 15% versus 15.2% estimated by three analysts on average.
- Net revenues- Services: $887 million versus $896 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Net revenues- Product: $845 million versus $832.37 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Net revenues- Public Cloud: $164 million compared to the $170.34 million average estimate based on six analysts. The reported number represents a change of +7.9% year over year.
- Net revenues- Hybrid Cloud: $1.57 billion versus the five-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +3.4%.
- Net revenues- Support: $625 million versus the five-analyst average estimate of $639.12 million. The reported number represents a year-over-year change of +0.3%.
- Net revenues- Professional and Other Services: $98 million versus $95.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
View all Key Company Metrics for NetApp here>>>Shares of NetApp have returned +11.1% over the past month versus the Zacks S&P 500 composite's +6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.