NASDAQ$NTAP
NetApp Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported solid margins, cash flow, and operating leverage.
NetApp reported third quarter fiscal year 2020 results with strong gross margins, cash flow, and operating leverage. Net revenues were $1.40 billion, and GAAP net income was $277 million.
- All-flash array annualized net revenue run rate of $2.3 billion increased 7% quarter-over-quarter
- NetApp™ cloud data services annualized recurring revenue of approximately $83 million, an increase of 146% year-over-year
- Consolidated GAAP gross margin of 67.0%, non-GAAP gross margin of 67.8%
- $420 million in cash from operations; $388 million in free cash flow
Headline financials
Revenue & EPS history
NetApp · Revenue · Quarterly
$1.4B
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
The Company provided the following financial guidance for the fourth quarter of fiscal year 2020: •Net revenues are expected to be in the range of: $1.455 billion to $1.605 billion GAAP Non-GAAP •Earnings per share is expected to be in the range of: $1.11 -$1.19 $1.28 - $1.36
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 Q3 2020
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.9%
Avg return
30 days after
50%
34 / 68 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 | — | — | — | |
| 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 2011 | -2.9% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q3 2011 | -2.5% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q2 2010 | +3.9% | — | — | |
| Q1 2011 | +3.9% | — | — | |
| Q1 2010 | +3.9% | — | — | |
| Q4 2010 | +3.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro