NTAP Q3 2024 Earnings — NetApp, Inc. Revenue & Financial Results | Market Cap Arena

NTAPNetApp, Inc.

$20B

Q3 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.6B+5.2% YoY

Gross Profit

$1.2B71.7% margin

Operating Income

$366M22.8% margin

Net Income

$313M19.5% margin

EPS (Diluted)

$1.48

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$484M

Free Cash Flow

$448M

Stock-Based Comp.

$89M

Balance Sheet

Total Assets

$9.4B

Total Liabilities

$8.4B

Stockholders' Equity

$994M

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.5B	+5.2%
Gross Profit	$1.2B	$1.0B	+15.0%
Operating Income	$366M	$172M	+112.8%
Net Income	$313M	$65M	+381.5%

Revenue Segments

Hybrid Cloud Segment

$1.5B91%

Public Cloud Segment

$151M9%

Geographic Segments

Americas

$802M50%

E M E A

$567M35%

Asia Pacific

$237M15%