NetApp (NTAP) 10-K Summary — Year Ended Apr 26, 2024
The filing covers the company's annual financial results and business overview. Revenue showed a slight decline from the prior year, while profitability and cash flow remained strong.
Key takeaway
Year ended Apr 26, 2024 · FY2026 10-K
The filing covers the company's annual financial results and business overview. Revenue showed a slight decline from the prior year, while profitability and cash flow remained strong.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.3B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$986M
Net income reported for the year.
Operating cash flow
$1.7B
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% |
| Apr 26, 2024 | $6.3B | -1.5% |
Business overview
The company's operations are detailed in the Business overview section of the filing. It outlines the company's strategy and market position.
Financial performance
Revenue decreased compared to the prior year. Operating income and net income were positive, and operating cash flow was substantial.
Material risks
The Risk Factors section identifies potential challenges that could affect the company's performance. These include competitive and market risks.
Liquidity and capital
The Management Discussion and Analysis section discusses the company's financial condition and liquidity. It highlights cash flow generation and capital allocation priorities.
What to watch
Readers should monitor the company's revenue trend in the next filing to assess growth trajectory.