FINHUB Insights

NTAP · Q2 FY25 · Jul 26 – Oct 24, 2025

NetApp Q2 FY25: where the revenue came from and where it went

NetApp Q2 FY25: revenue $1.7B (+3% year over year). Net profit $0.3B. Largest cohort Product $0.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 26 – Oct 24, 2025
Reported
Nov 25, 2025 10-Q
Sankey diagram of NetApp's income statement for Q2 FY25: revenue of $1.7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.7B +3% year over year
Gross profit$1.2B 72% margin
Operating profit$0.4B 23% margin
Net profit$0.3B 18% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Oct 24, 2025).
ItemValueShare of revenueYear over year
Revenue 1.7 100% +3%
Product 0.8 47% +3%
Support 0.6 35% +2%
Public Cloud 0.2 12% +2%
Professional 0.1 6% +14%
Cost of revenue−0.529%
Gross profit1.272% margin+1pp
Research & development−0.315%−1pp
Sales & marketing−0.527%−2pp
G&A−0.15%+1pp
Operating profit0.423% margin+3pp
Tax−0.1
Net profit0.318%+0pp
Filing on EDGAR More quarters of NTAP

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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