NetApp (NTAP) Tops Q2 EPS by 9c, Offers Guidance

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November 21, 2024 4:05 PM EST

NetApp (NASDAQ: NTAP) reported Q2 EPS of $1.87, $0.09 better than the analyst estimate of $1.78. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.64 billion.

GUIDANCE:

NetApp sees Q3 2025 EPS of $1.85-$1.95, versus the consensus of $1.85. NetApp sees Q3 2025 revenue of $1.61-1.76 billion, versus the consensus of $1.68 billion.

Third Quarter of Fiscal Year 2025 Financial Outlook

The Company provided the following financial guidance for the third quarter of fiscal year 2025:

Net revenues are expected to be in the range of:

$1.610 billion - $1.760 billion

GAAP

Non-GAAP

Earnings per share is expected to be in the range of:

$1.41 - $1.51

$1.85 - $1.95

Full Fiscal Year 2025 Financial Outlook

The Company provided the following update to financial guidance for the full fiscal year 2025:

Net revenues are expected to be in the range of:

$6.540 billion - $6.740 billion

GAAP

Non-GAAP

Consolidated gross margins are expected to be in the range of:

70% - 71%

71% - 72%

Operating margins are expected to be in the range of:

21% - 21.5%

28% - 28.5%

Earnings per share is expected to be in the range of:

$5.48 - $5.68

$7.20 - $7.40

For earnings history and earnings-related data on NetApp (NTAP) click here.


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