NETGEAR Inc
NASDAQ:NTGR

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NETGEAR Inc
NASDAQ:NTGR
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Price: 24.3 USD -0.94% Market Closed
Market Cap: 690.1m USD

NETGEAR Inc
Investor Relations

NETGEAR, Inc. engages in the provision of Internet connected products to consumers, businesses, and service providers. The company is headquartered in San Jose, California and currently employs 771 full-time employees. The company went IPO on 2003-07-31. The firm operates through two segments: Connected Home and Small and Medium Business (SMB). The Connected Home segment focuses on consumers and provides wireless fidelity (WiFi) Internet networking solutions such as WiFi 6 and WiFi 6E Tri-band and Quad-band mesh systems, routers, fourth generation/fifth generation (4G/5G) mobile products, smart devices such as Meural digital canvasses, and subscription services that provide consumers a range of value-added services. The SMB segment focuses on small and medium sized businesses and provides solutions for business networking, wireless local area network (LAN), audio and video over Ethernet for Pro AV applications, security, and remote management. The firm conducts business across three geographic regions: Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC).

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Strong Quarter: NETGEAR delivered its sixth consecutive quarter exceeding revenue and operating margin guidance, with especially strong performance from the Enterprise segment.

Enterprise Growth: Enterprise segment revenue grew nearly 16% year-over-year, driven by robust demand for ProAV managed switches and improved supply chain execution.

Gross Margin Record: Achieved a new record non-GAAP gross margin of 39.6%, up 180 basis points sequentially and 850 basis points year-over-year.

Profitability Milestone: NETGEAR reported non-GAAP EPS of $0.12 and expects to deliver positive non-GAAP EPS in every quarter this year, surpassing earlier expectations.

Share Repurchases: Repurchased $20 million of stock in Q3 at an average price of $24.55 per share, with plans to continue buybacks.

Segment Reporting Change: Starting Q4, NETGEAR will report results as two segments: Enterprise and Consumer, reflecting changes in product and market strategy.

Q4 Guidance: Q4 revenue is expected between $170 million and $185 million, with a forecasted gross margin headwind of 150 basis points due to rising memory costs.

Key Financials
Revenue
$184.6 million
Gross Margin
39.6%
Enterprise Segment Revenue
$90.8 million
Enterprise Gross Margin
51%
Home Networking Net Revenue
$72.6 million
Home Networking Gross Margin
27.7%
Mobile Business Revenue
$21.1 million
Mobile Segment Gross Margin
31%
Annual Recurring Revenue (ARR)
$37.9 million
Recurring Subscribers
560,000
Non-GAAP Operating Expenses
$69.2 million
Headcount
753
Non-GAAP R&D Expense as % of Revenue
11.7%
Non-GAAP Operating Income
$3.8 million
Non-GAAP Operating Margin
2.1%
Non-GAAP Net Income
$3.5 million
Non-GAAP EPS
$0.12
Cash and Short-term Investments
$326.4 million
Shares Repurchased
815,000 shares
Fully Diluted Share Count
29.8 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bryan D. Murray CPA
Chief Financial Officer
No Bio Available
Mr. David John Henry
President and GM of Connected Home Products & Services
No Bio Available
Mr. Charles J. Prober
President, CEO & Director
No Bio Available
Mr. Michael F. Falcon
Chief Operations Officer
No Bio Available
Mr. Christopher Genualdi
Director of Investor Relations & Corporate Development
No Bio Available
Ms. Kirsten Daru
General Counsel & Chief Privacy Officer
No Bio Available
Ms. Heidi B. Cormack
Chief Marketing Officer
No Bio Available
Ms. Fiona Spratt
Senior Vice President of People
No Bio Available
Dr. Martin D. Westhead Ph.D.
Chief Technology Officer of Software
No Bio Available
Mr. Pramod Badjate
President & GM of NETGEAR for Business Products
No Bio Available

Contacts

Address
CALIFORNIA
San Jose
350 E Plumeria Dr
Contacts
+14089078000.0
www.netgear.com