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NetApp, Inc. (NTAP) 53rd Annual Nasdaq Investor Conference December 9, 2025 8:30 AM EST
Company Participants
George Kurian – CEO & Director
Conference Call Participants
Erik Woodring – Morgan Stanley, Research Division
Presentation
Erik Woodring
Morgan Stanley, Research Division
Awesome. So we’re going to get started, not a lot of turnaround time here. So my name is Erik Woodring. I lead Morgan Stanley’s U.S. IT hardware coverage. I’m pleased to be joined by George Kurian, CEO of NetApp.
Before we start, quickly, before we begin, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures.
And then from the NetApp side, today’s discussion may include forward-looking statements regarding NetApp’s future performance, which are subject to risk and uncertainty. Actual results may differ materially from the statements made today for a variety of reasons described in our most recent 10-K and 10-Q filed with the SEC and available on our website at www.netapp.com. We disclaim any obligation to update any information in addition to forward-looking statements for any reason.
Question-and-Answer Session
Erik Woodring
Morgan Stanley, Research Division
So I’m, again, delighted to be joined this afternoon by George Kurian, CEO of NetApp. I think, George, maybe the best place to start. I know last week at a separate conference, you kind of discussed the October quarter pretty thoroughly.
Instead of doing a review, maybe just like what are two or three highlights that you want to leave the crowd with your key takeaways from the quarter or the January quarter guide — full-year guide, everyone should kind of be aware of as kind of a starting point for our conversation?
George Kurian
CEO & Director
Yes. I think, first of all, thanks for having me. Thank you for being here. In Q2, ex of our Spot business divestiture, we grew 4% year-on-year. We had continued strong momentum in our
