NETGEAR Inc
NASDAQ:NTGR
NETGEAR Inc
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).
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).
Turnaround Year: NETGEAR delivered its first year of revenue growth since 2020 in 2025, with record gross margins and full-year profitability.
Strong Q4: Q4 revenue was $182.5 million, at the high end of guidance, and gross margin hit an all-time high of 41.2%.
Enterprise Momentum: Enterprise segment revenue grew 10.6% YoY in Q4, with record gross margin of 51.4%.
Profitability: Non-GAAP EPS for Q4 was $0.26, up 117% sequentially; full year non-GAAP net income was $13.3 million.
Memory Cost Risk: Management flagged rising memory prices as a risk for the second half of 2026, mainly impacting the consumer business.
Buybacks: NETGEAR repurchased $50 million in shares during 2025 and plans to continue buybacks.
Guidance: Q1 2026 revenue is expected between $145 million and $160 million, with operating margin down due to memory cost headwinds.
