The intelligent data infrastructure company achieves record highs in revenue, profits, and operating margins in 2025, solidifying its leadership in hybrid cloud and enterprise storage.
NetApp announced on May 29 its financial results for the fourth quarter and fiscal year 2025, which ended on April 25, showcasing a series of figures that set new records and strengthen its strategic positioning in the enterprise storage and artificial intelligence-focused cloud services sectors.
During the fiscal year, NetApp recorded total revenues of $6.57 billion, a 5% increase from 2024, driven by strong growth in its flash storage solutions and cloud services. Non-GAAP operating income reached $1.86 billion, with a record operating margin of 28%, reflecting the company’s ability to scale profitability alongside growth.
Focus on Flash Storage and Public Cloud
One of the key drivers of this performance has been the strong showing of its All-Flash storage business, which achieved an annualized revenue run rate of $4.1 billion, marking a 14% year-over-year increase. The growth of the public cloud services segment (marketplace and first-party) is also noteworthy, contributing $416 million in annual revenue, a 43% increase from the previous year.
“In fiscal 2025, we gained market share and positioned NetApp as a leader in data infrastructure for the AI era,” said George Kurian, CEO of NetApp. “We have revamped our entire systems portfolio, refined our cloud strategy, and started the new fiscal year with the strongest value proposition in our history.”
Fourth Quarter Results and Forecasts
In the fourth quarter, NetApp reported $1.73 billion in revenue, a 4% year-over-year increase, with a 12% improvement in billings, reaching $2.03 billion. The GAAP net income for the quarter was $340 million, while non-GAAP income stood at $397 million. The non-GAAP earnings per share reached $1.93, exceeding market expectations.
Looking ahead to the first quarter of fiscal 2026, the company expects revenues between $1.455 billion and $1.605 billion, with GAAP operating margins around 20% and non-GAAP margins up to 26%.
For the entire fiscal year 2026, NetApp estimates revenues will be between $6.625 billion and $6.875 billion, with non-GAAP operating margins up to 29.8%, and adjusted earnings per share between $7.60 and $7.90.
Innovation and Data Security
Alongside its strong financial results, NetApp presented significant advancements in innovation, including new FAS50 arrays optimized for secondary workloads, enhancements to its Trident software for Kubernetes, and advanced cybersecurity capabilities such as ransomware protection and post-quantum cryptography.
It also launched its “NetApp Cyber Vaulting” solution and expanded its portfolio for integrating generative AI through enhancements to BlueXP for multimodal analysis.
The company has strengthened its collaboration with tech giants like NVIDIA, Microsoft Azure, and Google Cloud, integrating its ONTAP system into AI and cloud storage solutions. Among the highlighted cases is its validation for NVIDIA’s DGX SuperPOD environment and its role as the official smart infrastructure partner for the NFL.
Recognition and Channel Strategy
NetApp has been widely recognized in various industry rankings throughout 2025. It was named “Google Cloud Partner of the Year for Infrastructure Modernization“, included in CRN’s list of the 25 Most Innovative Companies in AI for Data Centers, and designated as the “Hottest Data Center Company of 2025“.
In terms of channel strategy, the company received a five-star rating in CRN’s “2025 Partner Program Guide” and several of its executives were recognized among the most influential leaders in the partner ecosystem.
Conclusion
NetApp concludes fiscal 2025 with a strengthened position in the competitive landscape of data management for hybrid cloud and AI applications. Its strategy of innovation, strategic alliances, and financial discipline has solidified its transformation as a key provider of intelligent infrastructure for multicloud environments and high-performance settings.
Looking to 2026, NetApp aims to continue leading the sector through a combination of secure storage, integrated cloud services, and native capabilities for artificial intelligence.
via: netapp