NASDAQ$NTAP
NetApp Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Net revenues increased and EPS exceeded guidance despite a challenging environment.
NetApp reported a 5% year-over-year increase in net revenues, reaching $1.30 billion, and EPS exceeded guidance. The company's public cloud services annualized recurring revenue saw substantial growth, and strategic acquisitions were completed to enhance customer value in the cloud.
- Net revenues reached $1.30 billion, a 5% increase year-over-year.
- Public cloud services annualized recurring revenue grew by 192% year-over-year, reaching $178 million.
- GAAP net income was $77 million, or $0.35 per share.
- Non-GAAP net income was $163 million, or $0.73 per share.
Headline financials
Revenue & EPS history
NetApp · Revenue · Quarterly
$1.3B
Revenue by segment
NetApp · $1.56B total across 2 segments · Q2 2024
- Hybrid Cloud$1.41B-7.4%90.1%
- Public Cloud$154M+8.5%9.9%
Forward guidance
NetApp expects net revenues to be in the range of $1.225 billion to $1.375 billion and earnings per share to be in the range of $0.28 to $0.36 (GAAP) and $0.66 to $0.74 (Non-GAAP) for the second quarter of fiscal year 2021.
Tailwinds
- Net revenues are expected to be in the range of $1.225 billion to $1.375 billion.
- Earnings per share is expected to be in the range of $0.28 - $0.36 (GAAP).
- Earnings per share is expected to be in the range of $0.66 - $0.74 (Non-GAAP).
- Next cash dividend of $0.48 per share to be paid on October 28, 2020.
- Dividend will be paid to shareholders of record as of the close of business on October 9, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+0.2%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.9%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+19.6%
Q3 2024
Best reaction
-16.8%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +8.5% | +10.3% | — | |
| Q3 2026 | -2.4% | +0.4% | +3.2% | |
| Q2 2026 | -6.7% | +0.7% | -0.9% | |
| Q1 2026 | +4.4% | +2.9% | +6.9% | |
| Q4 2025 | -0.2% | +4.6% | +6.6% | |
| Q3 2025 | -15.6% | -19.8% | -25.2% | |
| Q2 2025 | -0.9% | +5.0% | -4.1% | |
| Q1 2025 | -10.5% | -9.3% | -8.9% | |
| Q4 2024 | +2.5% | +1.3% | +9.6% | |
| Q3 2024 | +19.6% | +16.6% | +19.2% | |
| Q2 2024 | +14.7% | +16.9% | +13.0% | |
| Q1 2024 | -1.3% | -0.7% | -0.6% | |
| Q4 2023 | +4.1% | +1.7% | +10.6% | |
| Q3 2023 | +0.4% | -1.8% | -7.4% | |
| Q2 2023 | -6.8% | -8.5% | -17.2% | |
| Q1 2023 | +7.2% | +0.2% | -13.4% | |
| Q4 2022 | +1.3% | -1.5% | -12.7% | |
| Q3 2022 | -7.9% | -9.0% | -0.5% | |
| Q2 2022 | -2.3% | -1.6% | +0.2% | |
| Q1 2022 | +6.6% | +9.4% | +15.9% | |
| Q4 2021 | +2.6% | +5.6% | +8.2% | |
| Q3 2021 | -11.7% | -5.9% | +7.8% | |
| Q2 2021 | +11.1% | +12.5% | +24.3% | |
| Q1 2021 | +5.1% | +13.5% | +0.5% | |
| Q4 2020 | -2.2% | -5.5% | -2.5% | |
| Q3 2020 | -6.6% | -8.2% | -30.9% | |
| Q2 2020 | +3.1% | +5.6% | +5.2% | |
| Q1 2020 | -1.1% | +0.0% | +20.4% | |
| Q4 2019 | -11.9% | -11.4% | -12.2% | |
| Q3 2019 | -5.2% | -4.6% | +1.4% | |
| Q2 2019 | -12.7% | -14.7% | -22.1% | |
| Q1 2019 | -3.9% | -0.5% | +3.6% | |
| Q4 2018 | +1.6% | +0.2% | +14.8% | |
| Q3 2018 | -1.8% | -3.8% | +8.8% | |
| Q2 2018 | +16.4% | +20.0% | +25.5% | |
| Q1 2018 | -5.7% | -7.2% | -2.2% | |
| Q4 2017 | +3.7% | +1.9% | +1.0% | |
| Q3 2017 | +2.6% | +1.6% | +6.4% | |
| Q2 2017 | +5.8% | +6.5% | +4.5% | |
| Q1 2017 | +17.0% | +19.9% | +20.2% | |
| Q4 2016 | -1.2% | +0.4% | -1.9% | |
| Q3 2016 | +3.6% | — | — | |
| Q2 2016 | -1.1% | — | — | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | -10.1% | — | — | |
| Q3 2015 | -6.4% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | +6.5% | — | — | |
| Q3 2014 | -5.9% | — | — | |
| Q2 2014 | +2.2% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +14.7% | — | — | |
| Q1 2013 | +4.9% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | +9.3% | — | — | |
| Q2 2012 | -14.7% | — | — | |
| Q1 2012 | -16.8% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q3 2011 | -2.5% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q4 2010 | +3.9% | — | — | |
| Q2 2010 | +3.9% | — | — | |
| Q1 2011 | +3.9% | — | — | |
| Q1 2010 | +3.9% | — | — |
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