Company Overview

NetApp Inc. is the intelligent data infrastructure company, combining unified data storage, integrated data, operational, and workload services to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry's best data management. The company was incorporated in 1992 and is headquartered in San Jose, California.

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments: Hybrid Cloud and Public Cloud.

With a market cap of $22.78 Billion USD (as of August 2025) and approximately 11,700 employees (as of September 2025), NetApp stands as a significant player in the data infrastructure market.

Business Segments

Hybrid Cloud Segment

The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. The Hybrid Cloud segment comprises software, hardware, related support, as well as professional and other services.

Public Cloud Segment

The Public Cloud segment refers to a portfolio of products delivered primarily as-a-service.

Product Portfolio

Data Management Software

The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance. It also provides storage infrastructure solutions, including NetApp All-Flash FAS (AFF A-Series), NetApp All-Flash FAS with capacity flash (AFF C-Series), NetApp All-Flash SAN Array (ASA A-Series & C-Series), NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID.

Cloud Storage Services

NetApp also provides cloud storage services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes. Additionally, it offers NetApp BlueXP, BlueXP Copy and Sync, BlueXP Backup and Recovery, BlueXP Classification, and BlueXP Ransomware Protection.

Professional Services

The company offers operational services such as NetApp Data Infrastructure Insights and Instaclustr. Its professional and support services offerings include Storage-as-a-Service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments.

Financial Performance

Fiscal Year 2025 Results

- Net Revenues: $6.57 billion, compared to $6.27 billion in fiscal year 2024; a year-over-year increase of 5%.

- Hybrid Cloud Segment Revenue: $5.91 billion, compared to $5.66 billion in fiscal year 2024.

- Public Cloud Segment Revenue: $665 million, compared to $611 million in fiscal year 2024.

Recent Quarter Performance (Q2 FY25)

- Net Revenues: $1.66 billion, compared to $1.56 billion in the second quarter of fiscal year 2024; a year-over-year increase of 6%.

- Hybrid Cloud Segment Revenue: $1.49 billion, compared to $1.41 billion in the second quarter of fiscal year 2024.

- Public Cloud Segment Revenue: $168 million, compared to $154 million in the second quarter of fiscal year 2024.

Profitability Metrics

- GAAP Net Income Per Share: $5.67, compared to $4.63 in fiscal year 2024.

- Non-GAAP Net Income Per Share: $7.25, compared to $6.46 in fiscal year 2024.

Market Leadership and Recognition

NetApp was recognized as a Leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms, marking the 12th consecutive year of this acknowledgment. This highlights NetApp's commitment to innovation and its vision for a comprehensive hybrid cloud storage infrastructure.

Industries Served

NetApp serves various industries including energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video post-production, and telecommunications. This is achieved through a direct sales force and an ecosystem of partners, including leading cloud providers.

Geographic Revenue Distribution

Geographically, the company generates the majority of its revenue from the United States, Canada, and Latin America (Americas).

Shareholder Returns

- Returned to Stockholders (FY25): $1.57 billion through share repurchases and cash dividends.

- Quarterly Dividend: The company maintains a quarterly dividend of $0.52 per share.

NetApp continues to focus on growth in all-flash storage solutions and cloud storage services, while maintaining strong operational discipline. This positions the company as a leader in the evolving data infrastructure landscape.