NTAP Q2 2024 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena

NTAPNetApp, Inc.

$20B

Q2 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.6B-6.1% YoY

Gross Profit

$1.1B71.1% margin

Operating Income

$304M19.5% margin

Net Income

$233M14.9% margin

EPS (Diluted)

$1.10

QoQ Revenue Growth

+9.1%

Cash Flow

Operating Cash Flow

$135M

Free Cash Flow

$97M

Stock-Based Comp.

$93M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$8.3B

Stockholders' Equity

$770M

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.7B	-6.1%
Gross Profit	$1.1B	$1.1B	+2.1%
Operating Income	$304M	$282M	+7.8%
Net Income	$233M	$750M	-68.9%

Revenue Segments

Hybrid Cloud Segment

$1.4B90%

Public Cloud Segment

$154M10%

Geographic Segments

Americas

$789M51%

E M E A

$525M34%

Asia Pacific

$248M16%