Press release
NetApp Reports Record Results for Fourth Quarter and Fiscal Year 2025
Fourth quarter net revenues of $1.73 billion, an increase of 4% year-over-year; Fiscal year 2025 net revenues of $6.57 billion, an increase of 5%
About this update from Netapp, Inc.
[{"type":"text","content":"\nFourth quarter net revenues of $1.73 billion, an increase of 4% year-over-year; Fiscal year 2025 net revenues of $6.57 billion, an increase of 5% year-over-year\n\n\n\nRecord all-flash array annualized net revenue run rate1 of $4.1 billion, an increase of 14% year-over-year\n\n\n\nRecord first-party and marketplace Public Cloud services revenue of $416 million in fiscal year 2025, an increase of 43% year-over-year\n\n\n\nRecord billings2 of $6.78 billion for fiscal year 2025, an increase of 8% year-over-year\n\n\n\nRecord GAAP gross profit of $1.19 billion for the fourth quarter; record non-GAAP gross profit2 of $1.20 billion\n\n\n\nRecord GAAP gross profit of $4.61 billion for fiscal year 2025; record non-GAAP gross profit of $4.67 billion\n\n\n\nGAAP operating profit of $348 million for the fourth quarter; record non-GAAP operating profit2 of $496 million\n\n\n\nRecord GAAP operating profit of $1.34 billion for fiscal year 2025; record non-GAAP operating profit of $1.86 billion\n\n\n\nRecord GAAP operating margins of 20% for fiscal year 2025; record non-GAAP operating margins2 of 28%\n\n\n\nReturned $1.57 billion to stockholders through share repurchases and cash dividends in fiscal year 2025\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nNetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2025, which ended on April 25, 2025.\n\n\n“Fiscal Year 2025 marked many revenue and profitability records, driven by significant market share gains in all-flash storage and accelerating growth in our first party and marketplace storage services. During the year, we refreshed our entire systems portfolio, sharpened the focus of our cloud services, and positioned ourselves to lead in the enterprise AI market,” said George Kurian, Chief Executive Officer. “We are starting fiscal year 2026 following a year of market share gains, armed with the strongest portfolio in the company’s history and a differentiated value proposition that addresses customers’ top priorities. Looking ahead, I am confident our continued innovation and market expansion will drive sustainable long-term growth.”\n\n\nFourth Quarter of Fiscal Year 2025 Financial Results\n\n\n\nNet revenues: $1.73 billion, compared to $1.67 billion in the fourth quarter of fiscal year 2024; a year-over-year...