NTAP Q2 2023 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena

NTAPNetApp, Inc.

$20B

Q2 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.7B+6.2% YoY

Gross Profit

$1.1B65.4% margin

Operating Income

$282M17.0% margin

Net Income

$750M45.1% margin

EPS (Diluted)

$3.41

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$214M

Free Cash Flow

$137M

Stock-Based Comp.

$78M

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$8.6B

Stockholders' Equity

$1.2B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.6B	+6.2%
Gross Profit	$1.1B	$1.1B	+2.6%
Operating Income	$282M	$294M	-4.1%
Net Income	$750M	$224M	+234.8%

Revenue Segments

Hybrid Cloud Segment

$1.5B91%

Public Cloud Segment

$142M9%

Geographic Segments

Americas

$889M53%

E M E A

$535M32%

Asia Pacific

$239M14%