NTAPNetApp, Inc.

$20B

Q3 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.5B-5.5% YoY

Gross Profit

$1.0B65.6% margin

Operating Income

$172M11.3% margin

Net Income

$65M4.3% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

-8.2%

Cash Flow

Operating Cash Flow

$377M

Free Cash Flow

$319M

Stock-Based Comp.

$93M

Balance Sheet

Total Assets

$9.7B

Total Liabilities

$8.6B

Stockholders' Equity

$1.1B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.6B	-5.5%
Gross Profit	$1.0B	$1.1B	-6.7%
Operating Income	$172M	$321M	-46.4%
Net Income	$65M	$252M	-74.2%

Revenue Segments

Hybrid Cloud Segment

$1.4B90%

Public Cloud Segment

$150M10%

Geographic Segments

Americas

$821M54%

E M E A

$491M32%

Asia Pacific

$214M14%

NTAP Q3 2023 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena