NTAP NetApp

Q1 2025 10-Q
Filed: Feb 27, 2025Period ending Jan 24, 2025
Industrials
Computer Storage DevicesSEC EDGAR

NetApp (NTAP) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Feb 27, 2025 for the fiscal period ending Jan 24, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q1 2025 10-Q

Risk Factors

  • Newly added liquidity risk: cash, equivalents, and short-term investments decreased to $2.261B from $3.252B due to increased foreign-held cash concentration
  • Most materially updated financial risk: $750M 1.875% Senior Notes maturing June 2025, requiring near-term refinancing or repayment
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Quarterly Financial Summary
XBRL

Revenue

$1.6B

-1.9% YoY

Net Income

$308M

-1.6% YoY

Gross Margin

69.5%

-219bp YoY

Operating Margin

17.8%

-496bp YoY

Net Margin

19.5%

+5bp YoY

EPS (Diluted)

$1.37

-6.8% YoY

Operating Cash Flow

$31M

-93.6% YoY

Source: XBRL data from NetApp Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

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