Affirm vs NetApp

Affirm and NetApp are examined side by side to illuminate how their business models, financial performance, and market context differ. This page presents a neutral comparison aimed at understanding structure, strategy, and positioning without making recommendations. It uses accessible language to describe drivers and boundaries in their sectors. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

AFRM

Metric

NTAP

$22.68B

Market Cap

$19.57B

37.00%

Potential Profit

23.75%

Buy

Analyst Rating

Buy

Why It's Moving

Affirm surges on blockbuster Q1 earnings with profitability breakthrough and bold growth outlook.

Revenue jumped 34% to $933M, beating estimates by over $50M, while GAAP operating income hit $64M—proof Affirm is flipping losses into sustainable profits.
GMV guidance for Q2 set at $13-13.3B and full-year over $47.5B, fueled by 0% APR expansion, Affirm Card traction, and Amazon partnership locked through 2031.
Upsized $1.5B zero-interest convertible notes issuance provides firepower for growth, even as shares dipped recently before a sharp rebound.

Sentiment:

🐃Bullish

NetApp Powers Ahead with Q1 Earnings Beat and AI-Optimized Data Tools Launch

Q1 revenues hit $1.559 billion, up from $1.541 billion last year, with non-GAAP net income per share guidance of $7.60-$7.90 signaling robust profitability ahead.
Secured #1 market share in all-flash storage for Q1 2025, highlighting NetApp's dominance in high-performance data solutions critical for AI workloads.
Launched NetApp Trident 25.06 and new management systems, enhancing Kubernetes scalability, security, and disaster recovery to meet exploding containerized app needs.

Sentiment:

🐃Bullish

Affirm surges on blockbuster Q1 earnings with profitability breakthrough and bold growth outlook.

Revenue jumped 34% to $933M, beating estimates by over $50M, while GAAP operating income hit $64M—proof Affirm is flipping losses into sustainable profits.
GMV guidance for Q2 set at $13-13.3B and full-year over $47.5B, fueled by 0% APR expansion, Affirm Card traction, and Amazon partnership locked through 2031.
Upsized $1.5B zero-interest convertible notes issuance provides firepower for growth, even as shares dipped recently before a sharp rebound.

Sentiment:

🐃Bullish

NetApp Powers Ahead with Q1 Earnings Beat and AI-Optimized Data Tools Launch

Q1 revenues hit $1.559 billion, up from $1.541 billion last year, with non-GAAP net income per share guidance of $7.60-$7.90 signaling robust profitability ahead.
Secured #1 market share in all-flash storage for Q1 2025, highlighting NetApp's dominance in high-performance data solutions critical for AI workloads.
Launched NetApp Trident 25.06 and new management systems, enhancing Kubernetes scalability, security, and disaster recovery to meet exploding containerized app needs.

Sentiment:

🐃Bullish

Investment Analysis

Affirm

AFRM

Pros

Affirm benefits from rapid expansion in buy now, pay later adoption and deepening merchant partnerships, including recent deals with Worldpay and Wayfair.
The company continues to report revenue growth well above industry averages, reflecting strong uptake in its digital and mobile-first commerce platform.
Affirm’s technology allows it to serve a diverse merchant base, from small businesses to large enterprises, enhancing its ecosystem and customer reach.

Considerations

Affirm remains unprofitable on a GAAP basis, with a very high price-to-earnings ratio compared to peers, raising questions about valuation sustainability.
The company’s heavy reliance on consumer credit exposes it to rising interest rates and potential increases in loan defaults during economic downturns.
Intensifying competition from both fintech peers and incumbent banks in the buy now, pay later space could pressure margins and market share.

NetApp

NTAP

Pros

NetApp has demonstrated consistent profitability and strong free cash flow generation, underpinned by a stable base of enterprise storage customers.
The company’s hybrid cloud solutions and ongoing transition to software-defined, recurring revenue models are seen as key drivers for future growth.
NetApp maintains a robust balance sheet with manageable debt levels, supporting flexibility for strategic investments or shareholder returns.

Considerations

NetApp faces ongoing pressure from large cloud providers and newer storage vendors, which could limit pricing power and growth in core markets.
The business remains exposed to cyclical IT spending trends, particularly in enterprise hardware, which may lead to revenue volatility.
NetApp’s growth rates in recent quarters have lagged behind those of pure-play cloud and software competitors, reflecting slower transformation momentum.

Related Market Insights

Beyond The Play Store: The New App Economy

Google's Play Store opens to competition, creating a new app economy. Discover investment opportunities in alternative app stores & payment solutions like PayPal, AppLovin, & Affirm.