NetApp Q3: AI & Cloud Driving Growth

NetApps Q3 2025 results exceed expectations with $1.71 billion in sales, a 2.8% increase from the previous year. Driven by AI and cloud computing, the companys performance is robust despite economic uncertainties. However, Q4 revenue guidance of $1.69 billion falls short of analyst predictions. NetApps adjusted profit per share of $2.05, a 9% increase, showcases efficient operations. CEO George Kurian attributes success to unified data platform, all-flash arrays, and AI infrastructure deals. New products like AFX and AI Data Engine boost demand for scalable storage. NetApp plans to focus on cloud and AI offerings, aiming to outgrow the market and capture additional share, despite potential component cost volatility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.