NetApp Hits Inflection Point: Record Revenue and Market Share Gains in Q4 2025
NetApp, the leading provider of cloud data services and hybrid multi-cloud infrastructure solutions, has announced record revenue for the fourth quarter and fiscal year 2025. The company's strong growth and significant market share gains in all-flash storage, along with accelerating growth in its first-party and marketplace storage services, drove this achievement.
In a conference call on May 29, 2025, NetApp's CEO, George Kurian, highlighted the company's ability to navigate a dynamic environment by prioritizing four key growth opportunities and leveraging AI for increased efficiencies. As a result, NetApp has refreshed its entire systems portfolio, sharpened its focus on cloud services, and positioned itself to lead in the enterprise AI market.
According to Kurian, the growth of all-flash systems and public cloud services, reinforced by the ongoing development of the AI market, will drive sustained top-line growth for NetApp. Five years ago, these areas accounted for less than half of the company's total revenue, but today they represent over two-thirds.
NetApp's unified data architecture, spanning any data type, anywhere, enables customers to build an intelligent data infrastructure that delivers the required flexibility needed to overcome the challenges posed by complex workloads. The company's modern approach to hybrid multi-cloud infrastructure and data management empowers organizations to harness the full potential of their entire data estate.
The all-flash array annualized revenue run rate grew 14% from Q4 a year ago to a record $4.1 billion, with all-flash making up approximately two-thirds of NetApp's Hybrid Cloud segment revenue and 44% of systems in its installed base under active support contracts being all-flash.
NetApp's market share gains are also notable, with the company gaining almost 300 basis points of all-flash market share in calendar 2024, more than any other vendor as reported by IDC. The company is also in the early stages of its entry into the dedicated block storage market, which presents plenty of headroom for continued growth.
As organizations seek to build future-proof AI-ready infrastructure, they increasingly choose NetApp's solutions, driving the company's faster-than-market growth. With a focus on delivering competitive advantage and operational efficiencies through data-driven strategies, NetApp is poised to continue its success in the growing enterprise AI market.
