Summary by Moomoo AI
NetApp reported robust Q2 FY25 results, with net revenues of $1.66 billion, up 6% YoY. The company achieved record all-flash array ARR of $3.8 billion, a 19% YoY increase. First party and marketplace cloud storage services revenue grew approximately 43% YoY.NetApp posted record Q2 non-GAAP operating margin of 29% and non-GAAP EPS of $1.87. GAAP net income was $299 million, or $1.42 per share. The company returned $406 million to stockholders through share repurchases and dividends.For Q3 FY25, NetApp expects net revenues between $1.61-$1.76 billion and non-GAAP EPS of $1.85-$1.95. The full-year FY25 outlook projects net revenues of $6.54-$6.74 billion and non-GAAP EPS of $7.20-$7.40, reflecting confidence in continued growth and profitability.