NetApp (NTAP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

NetApp (NTAP) reported $1.56 billion in revenue for the quarter ended July 2025, representing a year-over-year increase of 1.2%. EPS of $1.55 for the same period compares to $1.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +1.19%. The company delivered an EPS surprise of +0.65%, with the consensus EPS estimate being $1.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how NetApp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Gross margin - Product - Non-GAAP: 54% versus 56.1% estimated by seven analysts on average.Total Revenue - % Change: 1% versus the six-analyst average estimate of 0.3%.Gross margin - Services - Non-GAAP: 83.4% versus 82.9% estimated by six analysts on average.Geographic Mix - Americas - U.S. Public Sector: 8% compared to the 10.3% average estimate based on three analysts.Geographic Mix - Americas - Americas Commercial: 43% versus the three-analyst average estimate of 40.7%.Geographic Mix - EMEA: 32% compared to the 33.7% average estimate based on three analysts.Net revenues- Services: $905 million versus $884.34 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.Net revenues- Product: $654 million compared to the $656.32 million average estimate based on seven analysts. The reported number represents a change of -2.2% year over year.Net revenues- Public Cloud: $161 million compared to the $171.15 million average estimate based on five analysts. The reported number represents a change of +1.3% year over year.Net revenues- Hybrid Cloud: $1.4 billion versus $1.38 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.Net revenues- Support: $647 million compared to the $629.35 million average estimate based on four analysts. The reported number represents a change of +2.5% year over year.Net revenues- Professional and Other Services: $97 million compared to the $82.93 million average estimate based on four analysts. The reported number represents a change of +18.3% year over year.View all Key Company Metrics for NetApp here>>>Shares of NetApp have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NetApp, Inc. (NTAP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks