NTAP Q1 2024 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena

NTAPNetApp, Inc.

$20B

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.4B-10.1% YoY

Gross Profit

$996M69.6% margin

Operating Income

$178M12.4% margin

Net Income

$149M10.4% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

-9.4%

Cash Flow

Operating Cash Flow

$453M

Free Cash Flow

$418M

Stock-Based Comp.

$87M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$8.4B

Stockholders' Equity

$873M

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.6B	-10.1%
Gross Profit	$996M	$1.0B	-4.8%
Operating Income	$178M	$255M	-30.2%
Net Income	$149M	$214M	-30.4%

Revenue Segments

Hybrid Cloud Segment

$1.3B89%

Public Cloud Segment

$154M11%

Geographic Segments

Americas

$754M53%

E M E A

$446M31%

Asia Pacific

$232M16%