NetApp Q4 Sales Rise 4.4% to $1.71B, EPS $2.12 Beats & Guides $1.87B Q1
NetApp’s Q4 CY2025 revenue reached $1.71B, up 4.4% year-on-year, beating estimates by 1.2%, while adjusted EPS hit $2.12, a 2.8% surprise. Management guided Q1 CY2026 sales to $1.87B midpoint and lifted full-year adjusted EPS target to $7.97.
1. Q4 CY2025 Financial Results
NetApp posted $1.71 billion in Q4 CY2025 revenue, up 4.4% year-on-year and 1.2% ahead of consensus. Adjusted EPS reached $2.12, a 2.8% beat, and operating margin climbed to 25.3%, up 3.3 percentage points year-over-year.
2. Q1 CY2026 Guidance and Full-Year Update
The company set Q1 CY2026 revenue guidance at $1.87 billion midpoint, roughly 4% above analyst forecasts. Full-year adjusted EPS guidance was raised to $7.97 at the midpoint, reflecting stronger margin visibility.
3. Q3 FY26 Segment Highlights
In Q3 FY26, all-flash array revenue surged 11% to a record $1.0 billion, and public cloud storage sales held at $174 million. Billings grew 10% to $1.89 billion, marking the ninth consecutive quarter of double-digit growth.
4. Shareholder Returns and Profitability Trends
NetApp returned $303 million to shareholders in Q3 FY26 through share repurchases and dividends. Non-GAAP operating margin hit a record 31.1%, underscoring continued efficiency improvements.