NetApp (NTAP) Revenue — Quarter Ended Jul 26, 2024
Revenue decreased compared to the previous quarter but increased compared to the same quarter a year ago. The sequential decline reverses the upward trend seen in recent periods.
Key takeaway
Quarter ended Jul 26, 2024 · FY2025 Q1
Revenue decreased compared to the previous quarter but increased compared to the same quarter a year ago. The sequential decline reverses the upward trend seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.6%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
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 |
|---|---|---|
| Oct 27, 2023 | $1.6B | -6.1% |
| Jan 26, 2024 | $1.6B | +5.2% |
| Apr 26, 2024 | $1.7B | +5.5% |
| Jul 26, 2024 | $1.5B | +7.6% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, marking a departure from the prior period's growth.
Quarterly comparison
When measured against the same quarter one year earlier, revenue rose. This year-over-year improvement contrasts with the sequential decline.
What to watch
The sequential revenue decline, following several quarters of increases, may warrant attention in upcoming periods.