Filing Flows › NetApp (NTAP) › Q4 FY25
NetApp (NTAP) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jun 9, 2025
NetApp (NTAP) reported revenue of $1.7B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +6% from the quarter before. Operating margin was 20.1%, net earnings $340M (19.6% of revenue).
NetApp, Q4 FY25: revenue $1.7B (+4% year over year), operating margin 20.1%, net earnings $340M, operating cash flow $675M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +6% | +4% |
| Gross profit | $1.2B | +4% | +1% |
| Operating profit | $348M | -4% | -5% |
| Net earnings | $340M | +14% | +17% |
| Operating cash flow | $675M | +75% | +10% |
| Free cash flow | $640M | — | +13% |
What changed
Revenue was $1.7B in Q4 FY25, up 4% year over year and up 6% from the previous quarter. Product was the largest line at 49% of revenue.
Gross margin was 68.9%, down 1.6 points from a year earlier. Operating profit was $0.35B, a 20.1% margin (down 1.9 points year over year). Operating profit fell $0.02B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 4%. Net earnings were $0.34B, up 17% year over year. The effective tax rate was 4.0%.
Operating cash flow was $0.68B (up 10% year over year), 199% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items added $0.19B. After purchases of Property and Equipment ($0.04B), free cash flow as the company reports it was $0.64B.
Questions
What was NetApp's revenue in the fourth quarter fiscal 2025?
NetApp (NTAP) reported revenue of $1.7B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +6% from the quarter before.
Was NetApp profitable in the fourth quarter fiscal 2025?
Operating profit was $348M (20.1% of revenue) and net earnings $340M.
Source: NetApp 10-K on SEC EDGAR.