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Jun 27, 2021
NETGEAR Q2 2021 Earnings Report
Reported a revenue increase of 10.3% year over year, driven by strong SMB growth and market share gains in the U.S. retail WiFi market.
Key Takeaways
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.
Second quarter revenue reached $308.8 million, a 10.3% increase year over year.
GAAP operating income was $21.5 million, or 7.0% of net revenue.
GAAP net income per diluted share was $0.57.
SMB net revenue grew approximately 58% year over year.
Revenue by Geographic Location
Forward Guidance
NETGEAR expects third quarter net revenue to be in the range of $285 million to $300 million. GAAP operating margin is expected to be in the range of 2.1% to 3.1%, and non-GAAP operating margin is expected to be in the range of 5.0% to 6.0%. GAAP tax rate is expected to be approximately 27.5%, and non-GAAP tax rate is expected to be 24.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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