NetApp Q1 revenue $1.54B, non-GAAP EPS $1.56; CFO Berry to retire

NetApp, Inc.

2025-Q1 EPS reported $1.17 revenue$1,541,000,000

GAAP net income $248M ($1.17 EPS); non-GAAP net income $330M ($1.56 EPS), versus $0.69 and $1.15 YoY.
Hybrid Cloud revenue $1.38B, Public Cloud $159M; all-flash ARR $3.4B, up 21% YoY.
Q2 guidance: revenue $1.565B–$1.715B, non-GAAP EPS $1.73–$1.83; FY25 forecast maintained.
CFO Mike Berry to retire by May 23, 2025; company to conduct search for successor.
Returned $507M to shareholders via buybacks and dividends; next dividend $0.52/share payable Oct 23.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Michael J. Berry

Executive Vice President and Chief Financial Officer

NTAP · NetApp, Inc.

Effective: 2025-05-23
Filed: August 28, 2024, 7:59 PM ET

On August 22, 2024, Michael J. Berry informed the Company of his decision to transition from his role of Executive Vice President and Chief Financial Officer by May 23, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Berry changed role as Executive Vice President and Chief Financial Officer at NetApp, Inc..

Action: transition
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 22, 2024, Michael J. Berry informed the Company of his decision to transition from his role of Executive Vice President and Chief Financial Officer by May 23, 2025.

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NetApp, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-101383

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