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NETGEAR Q3 2023 Earnings Report

NETGEAR logo
$28.65 +2.97 (+11.57%)
(As of 12:51 PM ET)

NETGEAR EPS Results

Actual EPS
$0.23
Consensus EPS
-$0.04
Beat/Miss
Beat by +$0.27
One Year Ago EPS
$0.10

NETGEAR Revenue Results

Actual Revenue
$197.85 million
Expected Revenue
$183.85 million
Beat/Miss
Beat by +$14.00 million
YoY Revenue Growth
-20.70%

NETGEAR Announcement Details

Quarter
Q3 2023
Time
After Market Closes

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About NETGEAR

NETGEAR (NASDAQ:NTGR) provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls. The NETGEAR for Business segment provides pro AV Solutions; pro routers; enterprise grade cloud managed or standalone access points; general purpose ethernet switches; NETGEAR Insight remote management software; and NETGEAR engage controller. It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store. The company was incorporated in 1996 and is headquartered in San Jose, California.

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