NETGEAR, Inc. reported flat net revenue of $182.5 million in Q4 2025 compared to the prior year. The company achieved a record high GAAP gross margin of 40.4% and non-GAAP gross margin of 41.2%, significantly up from the prior year. GAAP operating income improved to $(4.7) million from $(15.1) million, and non-GAAP operating income was $5.9 million compared to $(4.2) million in Q4 prior year. GAAP EPS was $(0.02) and non-GAAP EPS was $0.26.

NETGEAR delivered a strong third quarter in 2025, with net revenue of $184.6 million, a 0.9% increase year-over-year. The company achieved a record GAAP gross margin of 39.1% and positive non-GAAP operating income for the first time this year. This performance was primarily driven by the Enterprise segment, which saw a 15.7% revenue increase, and successful navigation of supply headwinds, particularly for ProAV managed switch products.

NETGEAR delivered a strong second quarter, with revenue of $170.5 million, an 18.5% increase year-over-year, and achieved positive non-GAAP EPS of $0.06. The company saw significant improvements in gross margin and contribution margin across all business units, driven by strategic investments and new product launches. The acquisition of Exium was completed, enhancing the NETGEAR for Business offering.

NETGEAR reported first quarter 2025 net revenue of $162.1 million, a 1.5% decrease year-over-year. Despite the revenue dip, the company saw significant improvements in GAAP and non-GAAP gross margins, up 550 basis points each, and reduced its GAAP and non-GAAP operating losses. Non-GAAP EPS turned positive at $0.02.

NETGEAR delivered Q4 net revenue of $182.4 million, exceeding guidance, and achieved its sixth consecutive quarter of cash generation with $19.0 million in free cash flow. The company also significantly increased its cash position by $125 million and repurchased over $33 million of stock in 2024, while implementing a restructuring to fund 2025 investment opportunities.

NETGEAR reported a strong Q3 2024, exceeding revenue and operating income guidance. The company achieved GAAP and non-GAAP profitability and increased its cash balance by over $100 million. The ProAV business had a record quarter, and several innovative products were launched.

NETGEAR reported Q2 2024 net revenue of $143.9 million, exceeding the high end of guidance. The company completed its destocking of channel inventory, reducing it by approximately $30 million, and achieved its fourth consecutive quarter of free cash flow generation. Key leadership changes included the appointment of a new Board member and the hiring of a President for the B2B business unit.

NETGEAR reported Q1 2024 net revenue of $164.6 million, a decrease of 9.0% year-over-year. The company experienced a GAAP operating loss of $21.6 million and a GAAP net loss per diluted share of $0.63. Channel destocking and a mix shift impacted profitability.

NETGEAR reported Q4 2023 net revenue of $188.7 million, a decrease of 24.3% year-over-year. The company achieved a GAAP operating loss of $2.9 million and a non-GAAP operating income of $2.7 million. NETGEAR ended the quarter with 877,000 paid subscribers and service revenue of over $11 million.

NETGEAR reported Q3 2023 net revenue of $197.8 million, exceeding the high end of guidance. GAAP gross margin was 34.8%, and non-GAAP gross margin was 35.0%. The company achieved 844,000 paid subscribers, representing a 26.7% year-over-year growth. The company anticipates Q4 revenue to be in the range of $175 million to $190 million.

NETGEAR reported Q2 2023 net revenue of $173.4 million, exceeding the high end of guidance. The company's premium CHP products outperformed the broader market, and demand for SMB products remained strong. Total paid subscribers reached 804,000.

NETGEAR reported a decrease in net revenue and operating margin for Q1 2023, impacted by inventory reduction by its largest Service Provider and e-commerce partners. Despite these challenges, SMB end user sales grew by double digits year over year, and premium CHP products outperformed the broader market. The company delivered a non-GAAP gross margin of 33.6%, representing a 540 basis points improvement year over year.

NETGEAR reported Q4 2022 net revenue of $249.1 million, a decrease of 0.8% year-over-year. The SMB business delivered record quarterly and annual revenue, with Q4 surpassing $100 million, a 29.9% year-over-year growth. The company added 81,000 paid subscribers in the quarter, bringing the total to 747,000, a 27.9% year-over-year growth.

NETGEAR reported third quarter 2022 financial results with net revenue of $249.6 million, a decrease of 14.0% from the comparable prior year quarter. GAAP operating loss was $2.2 million, or (0.9)% of net revenue, and GAAP net income per diluted share was $0.10.

NETGEAR reported second quarter 2022 results, with revenue and non-GAAP operating margin above the high end of guidance. Strong execution drove outperformance, especially for ProAV managed switch, super premium WiFi mesh, and 5G mobile hotspot products. SMB business delivered record quarterly revenue.

NETGEAR reported a decrease in net revenue to $210.6 million, a GAAP operating loss of $58.5 million, and a non-GAAP operating loss of $9.3 million for the first quarter of 2022. The company faced challenges due to COVID-induced lockdowns in China and a softening U.S. consumer WiFi market, but saw continued growth in its SMB products and super-premium mesh products.

NETGEAR reported Q4 2021 net revenue of $251.2 million, a 31.6% decrease year-over-year. GAAP operating income was $0.9 million, and non-GAAP operating income was $6.9 million. GAAP net loss per diluted share was $0.03, while non-GAAP net income per diluted share was $0.27. The company reached 584,000 paid subscribers and saw SMB growth of 8.6% year-over-year.

NETGEAR reported Q3 2021 net revenue of $290.2 million, a decrease of 23.3% year-over-year, but within guidance. GAAP operating income was $12.9 million, or 4.5% of net revenue, while non-GAAP operating income was $19.5 million, or 6.7% of net revenue, exceeding guidance. GAAP net income per diluted share was $0.31, and non-GAAP net income per diluted share was $0.50.

NETGEAR reported second-quarter revenue of $308.8 million, a 10.3% increase year over year. The company experienced strong SMB growth and continued market share gains in the U.S. retail WiFi market. GAAP net income per diluted share was $0.57, while non-GAAP net income per diluted share was $0.66.

NETGEAR reported a strong first quarter with revenue of $317.9 million, a 38.3% increase year-over-year. The company achieved a record non-GAAP operating profit of $42.3 million. Strong demand across both the SMB and CHP businesses drove the positive results.

NETGEAR reported strong Q4 2020 results, with a 45% increase in revenue year-over-year and a significant improvement in operating margin. The company saw growth in both Connected Home and SMB segments, driven by demand for WiFi 6 mesh systems and ProAV solutions. They also increased their subscriber base significantly.

NETGEAR reported strong Q3 2020 results, with revenue of $378.1 million, a 42.2% increase year-over-year, and record earnings per share. The company's performance was driven by robust demand for WiFi and effective supply chain management.

NETGEAR reported strong Q2 2020 results, with a 21.3% increase in net revenue to $280.1 million compared to the prior year quarter. The company's operating income also saw a significant increase, driven by the CHP side of the business and the growing demand for high-performance WiFi solutions.

NETGEAR reported a challenging quarter due to the Covid-19 pandemic, but the team executed and exceeded all Q1 objectives, including revenue and operating margin, with net revenue of $230.0 million and a GAAP operating income of $0.7 million.

NETGEAR reported a decrease in net revenue and operating loss for the fourth quarter of 2019. The company experienced a heavily promotional holiday season and is shifting its channel to WiFi 6 products. Despite the competitive environment, the company drove strong increases in registered users and app users, leading to growth in the paid subscriber base.