secwatch.observer — SEC 8-K summary
======================================

Issuer:     NetApp, Inc. (NTAP)
CIK:        0001002047
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-029022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetApp Q3 FY2025 revenue $1.64B (+2% YoY); EPS $1.44 GAAP / $1.91 non-GAAP; Q4 guidance below consensus
--------------------------------------------------------------------------------

- Net revenues $1.64B (up 2% YoY); GAAP EPS $1.44 (vs $1.48), non-GAAP EPS $1.91 (vs $1.94). All-flash ARR $3.8B (+10% YoY).
- Q4 FY2025 revenue guidance $1.65B-$1.80B; non-GAAP EPS $1.84-$1.94. Full-year FY2025 revenue revised to $6.49B-$6.64B.
- Appointed Wissam Jabre as EVP and CFO effective March 10, 2025; announced sale of Spot FinOps business to Flexera.
- Returned $306M to shareholders via buybacks and dividends; next cash dividend $0.52 per share payable April 23.
- Hybrid Cloud segment rev $1.47B (flat), Public Cloud $174M (+15% YoY). Operating cash flow $385M vs $484M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002047/000095017025029022/0000950170-25-029022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002047/000095017025029022/ntap-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-029022

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