ntap: the income statement

MyFinsight

For the quarter ending 2025-07-25, NTAP made $1,559M in revenue. $233M in net income. Net profit margin of 14.95%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-07-25	2025-01-24	2024-10-25	2024-07-26
Net revenues	1,559	1,641	1,658	1,541
Service	159	166	174	174
Product	302	330	307	269
Total cost of revenues	461	496	481	443
Gross profit	1,098	1,145	1,177	1,098
Sales and marketing	461	451	485	471
Restructuring charges	2	9	12	17
Research and development	242	247	257	252
General and administrative	84	74	77	75
Acquisition-related expense	0	2	1	1
Total operating expenses	789	783	832	816
Income from operations	309	362	345	282
Other (expense) income, net	-5	8	15	17
Income before income taxes	304	370	360	299
Provision for income taxes	71	71	61	51
Net income	233	299	299	248

Earnings per share, basic, total	1.16	1.47	1.47	1.2
Earnings per share, diluted, total	1.15	1.44	1.42	1.17
Shares used in diluted computation	203,000,000	208,000,000	210,000,000	212,000,000
Weighted average number of shares outstanding, basic, total	201,000,000	204,000,000	204,000,000	206,000,000