--- schema_version: "secwatch.filing_event.v1" accession: "0001157523-24-000109" form_type: "8-K" ticker: "NTCT" cik: "0001078075" company_name: "NETSCOUT SYSTEMS INC" filed_at: "2024-01-25T23:59:59+00:00" generated_at: "2026-06-06T17:30:17.131000+00:00" event_type: "earnings" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # NetScout Q3 revenue down 19% YoY; $167M goodwill impairment; FY24 guidance cut ## Summary - Q3 revenue $218.1M (down 19% YoY); GAAP net loss $132.6M (-$1.87) vs net income $52.6M last year. - Non-cash goodwill impairment of $167.1M drives GAAP loss; non-GAAP net income $52.0M ($0.73) vs $73.0M. - Cybersecurity business grew YoY; service assurance constrained with elongated sales cycles. - FY24 revenue guidance ~$840M (low end); non-GAAP EPS $2.15-2.20 (high end of prior $2.00-2.20). - Cash $330.1M, debt $100M; repurchased 705,892 shares at $26.66 avg in Q3. ## SEC filing metadata - accession: 0001157523-24-000109 - form_type: 8-K - ticker: NTCT - cik: 0001078075 - company_name: NETSCOUT SYSTEMS INC - filed_at: 2024-01-25T23:59:59+00:00 - event_type: earnings - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/a53887430.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001157523-24-000109 - JSON: https://secwatch.observer/filing/0001157523-24-000109.json - Plain text: https://secwatch.observer/filing/0001157523-24-000109.txt ## Key facts - Earnings Releases NETSCOUT SYSTEMS INC reported full fiscal year 2024 results: revenue we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range, EPS non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range. Guidance lowered. - Period: full fiscal year 2024 - Revenue: we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range - EPS: non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range - Guidance: lowered - Result: guidance update source text: we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range as we continue to navigate the current market environment. From a bottom-line standpoint, our GAAP results for the fiscal year will include a third quarter non-cash goodwill impairment charge. Our non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range due to benefits from our ongoing cost containment actions. evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm - Earnings Releases NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2024 ended December 31, 2023 results: net income On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, EPS $0.73 per share (diluted). - Period: third quarter of fiscal year 2024 ended December 31, 2023 - Net income: On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million - EPS: $0.73 per share (diluted) - Result: reported results source text: Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm - Earnings Releases NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2024 ended December 31, 2023 results: net income On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, EPS $0.73 per share (diluted). - Period: third quarter of fiscal year 2024 ended December 31, 2023 - Net income: On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million - EPS: $0.73 per share (diluted) - Result: reported results source text: On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, or $0.73 per share (diluted), compared with $73.0 million, or $1.00 per share (diluted), for the third quarter of fiscal year 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm - Earnings Releases NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2023 ended December 31, 2022 results: revenue Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 mil. - Period: third quarter of fiscal year 2023 ended December 31, 2022 - Revenue: Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 mil - Result: reported results source text: Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.