Press Release: NetApp Reports Second Quarter of Fiscal Year 2025 Results
Express News | NetApp Inc : TD Cowen Raises Target Price to $160 From $145
NetApp, Inc. (NTAP) Q2 2025 Earnings Call Transcript Summary
Netapp's second-quarter performance exceeded expectations, raising the full-year guidance due to strong demand for data storage.
On November 22, Glonghui reported that NetApp announced its FY2025 Q2 results, with revenue of 1.66 billion USD, a year-on-year increase of 6.4%, while analysts had expected 1.65 billion USD; the adjusted eps was 1.87 USD, compared to 1.58 USD in the same period last year, with analysts expecting 1.78 USD. CEO George Kurian stated that the growth in performance was mainly due to the all-flash storage business reaching a historic high, as well as strong performance in cloud storage services. Given the strong demand for data storage services following customer upgrades of cloud infrastructure, the company raised its outlook.
NetApp Stock Climbs After Better-Than-Expected Q2 Results
After-hours Movers: Intuit, NetApp, Ross Stores, GAP