NetApp (NTAP) Revenue — Quarter Ended Oct 27, 2023
Revenue increased compared to the prior quarter. However, it declined compared to the same quarter a year ago.
Key takeaway
Quarter ended Oct 27, 2023 · FY2024 Q2
Revenue increased compared to the prior quarter. However, it declined compared to the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+9.1%
Change from the immediately preceding quarter.
Year-over-year
-6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 27, 2023 | $1.5B | +91.7% |
| Apr 28, 2023 | $1.6B | -5.9% |
| Jul 28, 2023 | $1.4B | -10.1% |
| Oct 27, 2023 | $1.6B | -6.1% |
Revenue performance
The reported revenue direction for this quarter is upward relative to the immediately preceding quarter, reflecting a sequential gain.
Quarterly comparison
Compared to the prior quarter, revenue improved. Compared to the same quarter one year earlier, revenue decreased.
What to watch
Revenue has shown inconsistency over the past several quarters.