secwatch.observer — SEC 8-K summary
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Issuer:     NetApp, Inc. (NTAP)
CIK:        0001002047
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000950170-24-101383
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002047/000095017024101383/0000950170-24-101383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002047/000095017024101383/ntap-20240822.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-101383

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