How did NTAP's revenue and expenses trend in Q1 2025?

NetApp's (NTAP) revenue for Q1 2025 was $1.64 billion, reflecting a 2% year-over-year increase in total revenues. The company's revenue was driven by strong performance in the Product segment, which reported $2.85 billion in revenue, and the Public Cloud segment, which saw a 15% year-over-year increase in revenue. However, revenue fell short of expectations, contributing to a negative market reaction.

NetApp's net sales for Q1 2025 were $1.64 billion, which is consistent with the total revenue reported for the quarter. The company's operating expenses for Q1 2025 were not disclosed. However, NetApp reported a year-over-year increase in operating cash flow, which stood at $385 million for Q1 2025, compared to $484 million in the same period the previous year. This indicates that while the company may not have seen a direct increase in operating expenses, its operational efficiency is improving as evidenced by the higher cash flow.