NetApp Inc
For the period ended Jan 24, 2025. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 24, 2025 · Filed Feb 27, 2025
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| January 24, 2025 | January 26, 2024 | January 24, 2025 | January 26, 2024 | |
| Net revenues: | ||||
| Product | $758 | $747 | $2,195 | $2,043 |
| Services | 883 | 859 | 2,645 | 2,557 |
| Net revenues | 1,641 | 1,606 | 4,840 | 4,600 |
| Cost of revenues: | ||||
| Cost of product | 330 | 282 | 906 | 823 |
| Cost of services | 166 | 173 | 514 | 520 |
| Total cost of revenues | 496 | 455 | 1,420 | 1,343 |
| Gross profit | 1,145 | 1,151 | 3,420 | 3,257 |
| Operating expenses: | ||||
| Sales and marketing | 451 | 439 | 1,407 | 1,368 |
| Research and development | 247 | 249 | 756 | 758 |
| General and administrative | 74 | 81 | 226 | 230 |
| Restructuring charges | 9 | 13 | 38 | 44 |
| Acquisition-related expense | 2 | 3 | 4 | 9 |
| Total operating expenses | 783 | 785 | 2,431 | 2,409 |
| Income from operations | 362 | 366 | 989 | 848 |
| Other income, net | 8 | 16 | 40 | 35 |
| Income before income taxes | 370 | 382 | 1,029 | 883 |
| Provision for income taxes | 71 | 69 | 183 | 188 |
| Net income | $299 | $313 | $846 | $695 |
| Net income per share: | ||||
| Basic | $1.47 | $1.52 | $4.13 | $3.33 |
| Diluted | $1.44 | $1.48 | $4.03 | $3.26 |
| Shares used in net income per share calculations: | ||||
| Basic | 204 | 206 | 205 | 209 |
| Diluted | 208 | 211 | 210 | 213 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.