NetApp Posts Tepid Outlook Despite Record Fiscal Year

NetApp (NASDAQ:NTAP) issued a lukewarm forecast for the current quarter, undercutting an otherwise strong finish to its fiscal year.

The data storage and management firm wrapped up its fiscal fourth quarter with adjusted earnings of $1.93 per share, edging past analyst estimates. Revenue for the quarter rose 4% year-over-year to $1.73 billion, just ahead of Wall Street expectations.

Despite these solid results, investor sentiment turned negative following guidance for the upcoming quarter that fell short of forecasts. NetApp projected earnings in the range of $1.48 to $1.58 per share on revenue between $1.46 billion and $1.61 billion—both ranges landing below analyst consensus.

Still, the company closed fiscal 2025 on a high note, posting record annual revenue of $6.57 billion and an all-time high in non-GAAP operating profit at $1.86 billion. Operating margins reached 28%, highlighting efficiency gains. However, the cautious near-term outlook weighed heavier on investor confidence than the company’s full-year achievements.