NetApp (NTAP) 10-K Summary — Year Ended Apr 28, 2023
NetApp provides data management and storage solutions. The filing covers the company's annual financial results and associated risks.
Key takeaway
Year ended Apr 28, 2023 · FY2025 10-K
NetApp provides data management and storage solutions. The filing covers the company's annual financial results and associated risks.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.4B
Revenue reported for the fiscal year.
Operating income
$1B
Income from operations reported for the year.
Net income
$1.3B
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 29, 2022 | $6.3B | n/a |
| Apr 28, 2023 | $6.4B | +0.7% |
Business overview
NetApp operates in the data infrastructure industry, offering cloud data services and storage systems. The company serves enterprises seeking to manage and protect their data across hybrid cloud environments. Its business overview section outlines these core activities.
Financial performance
Revenue increased slightly compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the period.
Material risks
The filing identifies risk factors related to the company's operations and market conditions. These include potential challenges in technology transitions and competitive pressures. The risk factors section provides further detail on these uncertainties.
Liquidity and capital
The filing does not provide explicit details on liquidity or capital allocation strategies beyond the reported operating cash flow. No additional capital allocation themes are supported by the supplied context.
What to watch
Monitor any changes in revenue trends or operating income margins in the next filing.