NTAP Q1 2023 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena

NTAPNetApp, Inc.

$20B

Q1 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.6B+9.2% YoY

Gross Profit

$1.0B65.7% margin

Operating Income

$255M16.0% margin

Net Income

$214M13.4% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

$281M

Free Cash Flow

$216M

Stock-Based Comp.

$67M

Balance Sheet

Total Assets

$9.5B

Total Liabilities

$8.9B

Stockholders' Equity

$657M

Cash & Equivalents

$3.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.5B	+9.2%
Gross Profit	$1.0B	$999M	+4.7%
Operating Income	$255M	$249M	+2.4%
Net Income	$214M	$202M	+5.9%

Revenue Segments

Hybrid Cloud Segment

$1.5B92%

Public Cloud Segment

$132M8%

Geographic Segments

Americas

$856M54%

E M E A

$500M31%

Asia Pacific

$236M15%