---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032902"
form_type: "8-K"
ticker: "NTCT"
cik: "0001078075"
company_name: "NETSCOUT SYSTEMS INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:09:44.638232+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NETSCOUT Q1 revenue $174.6M, down 17% YoY; records $427M goodwill impairment

## Summary
- GAAP net loss $443.4M ($6.20 diluted) vs loss $4.2M ($0.06) YoY; non-GAAP net income $20.6M ($0.28) vs $22.7M ($0.31).
- Non-cash goodwill impairment of $427.0M and restructuring charge of $16.6M drove the GAAP loss.
- FY2025 revenue guidance unchanged $800M-$830M; non-GAAP EPS unchanged $2.10-$2.30; GAAP EPS revised to ($5.28)-($5.03).
- Voluntary Separation Program to reduce ~150 employees (~6.5% workforce); Q1 charge $16.6M, expects $3-5M in Q2.
- Cash and investments $407.2M; repurchased 1.35M shares at $18.55 avg; repaid $25M revolver, balance $75M.

## SEC filing metadata
- accession: 0001628280-24-032902
- form_type: 8-K
- ticker: NTCT
- cik: 0001078075
- company_name: NETSCOUT SYSTEMS INC
- filed_at: 2024-07-25T23:59:59+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/1078075/000162828024032902/0001628280-24-032902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078075/000162828024032902/ntct-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032902
- JSON: https://secwatch.observer/filing/0001628280-24-032902.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032902.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.