secwatch.observer — SEC 8-K summary
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Issuer:     NetApp, Inc. (NTAP)
CIK:        0001002047
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-023060
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetApp Q3 revenue $1.61B, up 5% YoY; GAAP EPS $1.48; record gross margins 72%
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- Net revenues $1.61B (+5% YoY); GAAP net income $313M vs $65M; GAAP EPS $1.48 vs $0.30.
- Non-GAAP EPS $1.94 vs $1.37; Non-GAAP operating margin 30% (record); all-flash array ARR $3.4B (+21%).
- Q4 guidance: revenue $1.585B-$1.735B; non-GAAP EPS $1.73-$1.83.
- Full-year FY2024 guidance updated: revenue $6.185B-$6.335B; non-GAAP EPS $6.40-$6.50.
- Cash dividend $0.50/share payable Apr 24, 2024; returned $203M to shareholders in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002047/000095017024023060/0000950170-24-023060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002047/000095017024023060/ntap-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer