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NetApp 8-K Report, Financial Results (Nov 25, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed November 25, 2025
Period End
November 25, 2025
Security
NTAP
In the record · 2016–202610-K1110-Q328-K97

NTAP filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 97 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’17Sep ’17
  2. Leadership change8-K · Feb ’21Feb ’21
  3. Restructuring8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed November 25, 2025. Cited figures are marked; the original filing is the authoritative source.

NetApp, Inc. (NASDAQ: NTAP) filed this Current Report under Item 2.02 to furnish a press release, Exhibit 99.1, reporting results for the second quarter of fiscal year 2026, which ended October 24, 2025.

Net revenues were $1.71 billiona ($1,705 million), up 3% from $1,658 million a year earlier. GAAP net income was $305 million and GAAP diluted EPS was $1.51, compared with $1.42 in the prior-year quarter. Non-GAAP net income was $415 million and non-GAAP diluted EPS was $2.05, versus $1.87.

Billings were $1,646 millionb, up 4%, and the filing describes this as the eighth consecutive quarter of year-over-year billings growth. In constant currency, net revenues rose 2% and billings rose 3%. GAAP operating profit was $399 million, a 23.4% operating margin, and non-GAAP operating profit was $530 million, a 31.1% margin.

Hybrid Cloud segment revenue was $1,534 millionc and Public Cloud segment revenue was $171 million, with the company noting that Public Cloud growth was driven by first-party and marketplace storage services that grew 32% year-over-year. All-flash array revenue was $1.0 billion, up 9%. Cash provided by operations was $127 million and free cash flow was $78 million.

The company returned $353 milliond to stockholders through share repurchases and dividends during the quarter. For the third quarter of fiscal 2026, NetApp guided net revenues of $1.615 billion to $1.765 billion, GAAP EPS of $1.52 to $1.62, and non-GAAP EPS of $2.01 to $2.11.

For full fiscal 2026, guidance calls for net revenues of $6.625 billion to $6.875 billion, GAAP EPS of $5.82 to $6.12, and non-GAAP EPS of $7.75 to $8.05. The board declared a next cash dividend of $0.52 per share, payable January 21, 2026, to holders of record on January 2, 2026.

02—Key points

Key Highlights

  1. Q2 FY2026 net revenues of $1,705 million rose 3% year-over-year; in constant currency, net revenues rose 2%.
  2. GAAP diluted EPS was $1.51 (up from $1.42) and non-GAAP diluted EPS was $2.05 (up from $1.87).
  3. Billings of $1,646 million grew 4%, the eighth consecutive quarter of year-over-year billings growth per the filing.
  4. GAAP operating margin of 23.4% and non-GAAP operating margin of 31.1%, with GAAP operating profit of $399 million described as a record second-quarter figure.
  5. Public Cloud segment revenue was $171 million, with first-party and marketplace storage services growing 32% year-over-year; All-flash array revenue reached $1.0 billion, up 9%.
  6. Q3 FY2026 guidance: net revenues of $1.615 billion to $1.765 billion and non-GAAP EPS of $2.01 to $2.11; full-year FY2026 net revenue guidance of $6.625 billion to $6.875 billion.
  7. Cash from operations was $127 million and free cash flow was $78 million; $353 million was returned to stockholders via buybacks and dividends.

03—Questions

Frequently Asked Questions

  1. How did NetApp perform in the second quarter of fiscal 2026?

    Net revenues were $1,705 million, up 3% year-over-year. GAAP net income was $305 million ($1.51 per diluted share), and non-GAAP net income was $415 million ($2.05 per diluted share). Billings grew 4% to $1,646 million.

  2. What is the company's outlook for fiscal 2026?

    For the third quarter, NetApp expects net revenues of $1.615 billion to $1.765 billion and GAAP EPS of $1.52 to $1.62. For full fiscal 2026, it expects net revenues of $6.625 billion to $6.875 billion and GAAP EPS of $5.82 to $6.12, with non-GAAP EPS of $7.75 to $8.05.

  3. What drove growth in the quarter?

    The company attributed revenue growth to demand for its AI solutions, first-party and marketplace cloud storage services, and all-flash offerings. Public Cloud revenue was $171 million, and all-flash array revenue was $1.0 billion, up 9%.

  4. How much did the company return to shareholders, and what is the next dividend?

    NetApp returned $353 million to stockholders through share repurchases and cash dividends in the quarter. Its next cash dividend is $0.52 per share, payable January 21, 2026, to stockholders of record as of January 2, 2026.

  5. Does the filing mention any currency effects on results?

    Yes. The filing states that year-over-year GAAP and non-GAAP net income each include a favorable impact of approximately $14 million from foreign currency exchange rate changes, and GAAP and non-GAAP EPS each include a favorable impact of approximately $0.07.

04—Continue

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