NetApp Inc (NTA.DE) Q2 2025 Earnings Report

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NetApp Inc

NTA.DE

€100.80 1.45%

Exchange: XETRA | Sector: Technology | Industry: Computer Hardware

Q2 2025

Published: Nov 25, 2024

Earnings Highlights

Revenue of $1.66B up 3.2% year-over-year
EPS of $1.42 decreased by 3.3% from previous year
Gross margin of 71.0%
Net income of 299.00M
"N/A" - N/A

NTA.DE

Company NTA.DE

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

NetApp’s QQ2 2025 results demonstrate solid top-line growth and a durable gross margin, supported by a balanced mix of storage hardware and software-enabled data management solutions. Revenue totaled USD 1.658 billion, up 3.2% year over year and 7.6% quarter over quarter, with a gross profit of USD 1.177 billion and a gross margin of approximately 71.0%. Despite a modest year-over-year dip in operating income, management delivered substantial sequential improvement, with operating income at USD 345 million and an EBIT margin near 20.8%. Net income reached USD 299 million, translating to basic earnings per share of USD 1.47 and diluted USD 1.42. The quarter produced USD 105 million of cash flow from operations and USD 60 million of free cash flow, underscoring ongoing cash generation despite a sizable investment and capital return program.

Key Performance Indicators

Revenue

Increasing

1.66B

QoQ: 7.59% | YoY: 3.24%

Gross Profit

Increasing

1.18B

70.99% margin

QoQ: 7.19% | YoY: 2.26%

Operating Income

Decreasing

345.00M

QoQ: 22.34% | YoY: -5.74%

Net Income

Decreasing

299.00M

QoQ: 20.56% | YoY: -4.47%

EPS

Decreasing

1.47

QoQ: 22.50% | YoY: -3.29%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 1.658B USD; YoY +3.24%, QoQ +7.59%. Gross Profit: 1.177B USD; YoY +2.26%, QoQ +7.19%. Operating Income: 345M USD; YoY -5.74%, QoQ +22.34%. Net Income: 299M USD; YoY -4.47%, QoQ +20.56%. EPS: 1.47 (GAAP) / 1.42 (diluted); YoY -3.29%, QoQ +22.50%. Margin highlights: Gross margin 71.0%, Operating margin 20.8%, Net margin 18.0%. Cash flow: Operating cash flow 105M, Capex 45M, Free cash flow 60M. Balance sheet: Total assets 9.00B, Total liabilities 8.11B, Net debt 0.772B, Cash and equivalents 1.478B. Leverage and liquidity: Current ratio 0.912, Quick ratio 0.839, Cash ratio 0.342. Valuation indicators show P/E about 20.37x, Price/Book 27.31x, EV/EBITDA 57.38x, and Price/FCF 406x.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.66B	3.24%	7.59%
Gross Profit	1.18B	2.26%	7.19%
Operating Income	345.00M	-5.74%	22.34%
Net Income	299.00M	-4.47%	20.56%
EPS	1.47	-3.29%	22.50%

Key Financial Ratios

Gross Profit Margin

Excellent

71.00%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Good

20.80%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

18.00%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

3.32%

Return on assets is acceptable but below top-tier companies

Return on Equity

Strong

33.50%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Concern

0.91

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

2.52

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

20.37x

P/E ratio in line with market averages

Price to Book

High Premium

27.31x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	1,559.00	1.15	-6.5%	View
Q3 2025	1,641.00	1.44	-1.6%	View
Q2 2025	1,658.00	1.42	+3.2%	View
Q1 2025	1,541.00	1.17	-4.1%	View
Q4 2024	1,667.00	1.37	+6.7%	View

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NetApp Inc (NTA.DE) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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