NetApp (NTAP) Revenue — Quarter Ended Jan 24, 2025
Revenue declined from the prior quarter but increased compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year growth indicates sustained demand.
Key takeaway
Quarter ended Jan 24, 2025 · FY2025 Q3
Revenue declined from the prior quarter but increased compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year growth indicates sustained demand.
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
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Apr 26, 2024 | $1.7B | +5.5% |
| Jul 26, 2024 | $1.5B | +7.6% |
| Oct 25, 2024 | $1.7B | +6.1% |
| Jan 24, 2025 | $1.6B | +2.2% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter. This shift aligns with the company's historical quarterly cadence.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The sequential decline contrasts with the year-over-year improvement.
What to watch
Monitor whether the year-over-year growth trend continues in the upcoming quarter.