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Netapp Inc   (NTAP)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology
 

NTAP's Net Income Growth by Quarter and Year

Netapp Inc 's Net Income results by quarter and year




NTAP Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter April - 245.00 259.00 239.00
III Quarter January - 65.00 252.00 137.00
II Quarter October 233.00 750.00 224.00 77.00
I Quarter July 149.00 214.00 202.00 196.00
FY   382.00 1,274.00 937.00 649.00



NTAP Net Income second quarter 2024 Y/Y Growth Comment
Netapp Inc reported drop in Net Income in the second quarter 2024 by -68.93% to $ 233.00 millions, from the same quarter in 2023.
The fall in the second quarter 2024 Netapp Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 18.86%.

Looking into second quarter 2024 results within Computer Hardware industry 3 other companies have achieved higher Net Income growth. While Netapp Inc ' s Net Income meltdown of -68.93% ranks overall at the positon no. 1879 in the second quarter 2024.




NTAP Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter April - -5.41 % 8.37 % -13.72 %
III Quarter January - -74.21 % 83.94 % -43.62 %
II Quarter October -68.93 % 234.82 % 190.91 % -25.24 %
I Quarter July -30.37 % 5.94 % 3.06 % -50.51 %
FY   - 35.97 % 44.38 % -36.31 %

Financial Statements
Netapp Inc 's second quarter 2024 Net Income $ 233.00 millions NTAP's Income Statement
Netapp Inc 's second quarter 2023 Net Income $ 750.00 millions Quarterly NTAP's Income Statement
New: More NTAP's historic Net Income Growth >>


NTAP Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter April - 276.92 % 2.78 % 74.45 %
III Quarter January - -91.33 % 12.5 % 77.92 %
II Quarter October 56.38 % 250.47 % 10.89 % -60.71 %
I Quarter July -39.18 % -17.37 % -15.48 % -29.24 %
FY (Year on Year)   - 35.97 % 44.38 % -36.31 %




Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry #4
Technology Sector #184
Overall #1879

Net Income Y/Y Growth Statistics
High Average Low
234.82 % 18.86 % -74.21 %
(Oct 28 2022)   (Jan 27 2023)
Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry #4
Technology Sector #184
Overall #1879
Net Income Y/Y Growth Statistics
High Average Low
234.82 % 18.86 % -74.21 %
(Oct 28 2022)   (Jan 27 2023)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Netapp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
276.92 % 16.85 % -91.33 %
(Apr 28 2023)  


NTAP's II. Quarter Q/Q Net Income Comment
Netapp Inc achieved in the II. Quarter 2024 above company average sequential Net Income jump of 56.38%, to $ 233.00 millions, from $149.00 millions in the first quarter.

Within Computer Hardware industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Netapp Inc 's Net Income growth quarter on quarter, overall rank is 334.


Net Income Q/Q Growth Company Ranking
Within: No.
Computer Hardware Industry #3
Technology Sector #49
Overall #334
Net Income Q/Q Growth Company Ranking
Within: No.
Computer Hardware Industry #3
Technology Sector #49
Overall #334
Net Income Q/Q Growth Statistics
High Average Low
276.92 % 16.85 % -91.33 %
(Apr 28 2023)  


NTAP's II. Quarter Q/Q Net Income Comment
Netapp Inc achieved in the II. Quarter 2024 above company average sequential Net Income jump of 56.38%, to $ 233.00 millions, from $149.00 millions in the first quarter.

Within Computer Hardware industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Netapp Inc 's Net Income growth quarter on quarter, overall rank is 334.


Netapp Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Oct 27 2023)
12 Months Ending
(Jul 28 2023)
12 Months Ending
(Apr 28 2023)
12 Months Ending
(Jan 27 2023)
12 Months Ending
(Oct 28 2022)
Cumulative Net Income 12 Months Ending $ 692.00 $ 1,209.00 $ 1,274.00 $ 1,288.00 $ 1,475.00
Y / Y Net Income Growth (TTM) -53.08 % 27.4 % 35.97 % 40.46 % 83.92 %
Year on Year Net Income Growth Overall Ranking # 270 # 434 # 507 # 451 # 0
Seqeuential Net Income Change (TTM) -42.76 % -5.1 % -1.09 % -12.68 % 55.43 %
Seq. Net Income Growth (TTM) Overall Ranking # 367 # 1018 # 1047 # 647 # 0




Cumulative Net Income growth Comment
For the 12 months ended Oct 27 2023 Netapp Inc reported a sharp drop in Net Income by -53.08% year on year, to $692 millions, compare to the 27.4% growth at Jul 28 2023.

In the Technology sector 35 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 270, from total ranking in previous quarter at 434.

Net Income TTM Q/Q Growth Statistics
High Average Low
1438.16 %
47.2 %
-101.61 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry # 1
Technology Sector # 36
Overall # 270

Net Income TTM Y/Y Growth Statistics
High Average Low
1438.16 %
47.2 %
-101.61 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 45
S&P 500 # 367
Cumulative Net Income growth Comment
For the 12 months ended Oct 27 2023 Netapp Inc reported a sharp drop in Net Income by -53.08% year on year, to $692 millions, compare to the 27.4% growth at Jul 28 2023.

In the Technology sector 35 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 270, from total ranking in previous quarter at 434.

Net Income TTM Q/Q Growth Statistics
High Average Low
1438.16 %
47.2 %
-101.61 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry # 1
Technology Sector # 36
Overall # 270

Net Income TTM Y/Y Growth Statistics
High Average Low
1438.16 %
47.2 %
-101.61 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 45
S&P 500 # 367




Other Net Income Growth
Computer Hardware Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
NTAP's Net Income Growth Ratio versus Computer Hardware Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for NTAP's Competitors
Net Income Growth for Netapp Inc 's Suppliers
Net Income Growth for NTAP's Customers

You may also want to know
NTAP's Annual Growth Rates NTAP's Profitability Ratios NTAP's Asset Turnover Ratio NTAP's Dividend Growth
NTAP's Roe NTAP's Valuation Ratios NTAP's Financial Strength Ratios NTAP's Dividend Payout Ratio
NTAP's Roa NTAP's Inventory Turnover Ratio NTAP's Growth Rates NTAP's Dividend Comparisons



Companies with similar Net Income sharp drop for the quarter ending Oct 27 2023 within Technology SectorY/Y Change %Net Income for the quarter ending Oct 27 2023
Belden Inc -26.44%$ -26.438 millions
Teradyne Inc -30.18%$ -30.176 millions
Keysight Technologies inc -42.81%$ -42.809 millions
Cognex Corp-44.33%$ -44.332 millions
Skkynet Cloud Systems Inc -45.33%$ -45.332 millions
Analog Devices Inc -46.76%$ -46.762 millions
Netapp Inc -68.93%$ -68.933 millions
Marvell Technology Inc-70.48%$ -70.483 millions
Sigmatron International Inc -96.76%$ -96.758 millions




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