---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-066400"
form_type: "8-K"
ticker: "NTAP"
cik: "0001002047"
company_name: "NetApp, Inc."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T20:43:36.833083+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NetApp Q2 FY24 revenue $1.56B (-6% YoY); non-GAAP EPS $1.58 (record) beats; gross margins 72% record

## Summary
- Revenue $1.56B down 6% YoY; GAAP EPS $1.10 vs $3.41 prior year; non-GAAP EPS record $1.58 vs $1.48.
- Record non-GAAP gross margins 72% and operating margins 27%; cash from ops $135M vs $214M.
- Hybrid Cloud segment $1.41B (-7% YoY); Public Cloud $154M (+8% YoY); Public Cloud ARR $609M (+1%).
- Q3 guidance: revenue $1.51-$1.67B, non-GAAP EPS $1.64-$1.74; full year non-GAAP EPS $6.05-$6.25.
- Returned $403M to shareholders via buybacks and dividends; quarterly dividend $0.50 payable Jan 24, 2024.

## SEC filing metadata
- accession: 0000950170-23-066400
- form_type: 8-K
- ticker: NTAP
- cik: 0001002047
- company_name: NetApp, Inc.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002047/000095017023066400/0000950170-23-066400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002047/000095017023066400/ntap-20231128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-066400
- JSON: https://secwatch.observer/filing/0000950170-23-066400.json
- Plain text: https://secwatch.observer/filing/0000950170-23-066400.txt

## Key facts
- Earnings Releases
  NetApp, Inc. reported second quarter ended October 27, 2023 results: revenue $1.56 billion, net income GAAP net income of $233 million, EPS GAAP net income per share of $1.10. Guidance reaffirmed.
  - Period: second quarter ended October 27, 2023
  - Revenue: $1.56 billion
  - Net income: GAAP net income of $233 million
  - EPS: GAAP net income per share of $1.10
  - Guidance: reaffirmed
  - Result: reported results
  source text: 12(a)(2) of the Securities Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 NetApp reports second quarter of fiscal year 2024 results Net revenues of $1.56 billion for the second quarter • Introduced substantial innovation including the ASA C-Series, the extension of the Company’s Ransomware Recovery Guarantee, and performance and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002047/000095017023066400/0000950170-23-066400-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.