secwatch.observer — SEC 8-K summary
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Issuer:     NetApp, Inc. (NTAP)
CIK:        0001002047
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0000950170-23-066400
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002047/000095017023066400/0000950170-23-066400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002047/000095017023066400/ntap-20231128.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-066400

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