NetApp Continues With Shareholders' Returns Amid AI-Driven Cycle

Key Takeaways NetApp posted $1.71B in fiscal Q2 revenues, up 3% YoY, with non-GAAP operating margin expanding to 31.1%.NTAP returned$ 353M to shareholders via dividends and buybacks in the fiscal second quarter. NTAP closed 200 AI infrastructure deals and expanded offerings with AFX, AI Data Engine, and Keystone STaaS.NetApp ((NTAP) is managing capital returns while focusing on emerging AI, cloud and All-Flash growth engines. In the last reported quarter, the company reported revenues of $1.71 billion, whic ...