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NETGEAR Q1 2023 Earnings Report

NETGEAR logo
$28.77 +3.09 (+12.03%)
(As of 12:14 PM ET)

NETGEAR EPS Results

Actual EPS
-$0.32
Consensus EPS
-$0.22
Beat/Miss
Missed by -$0.10
One Year Ago EPS
N/A

NETGEAR Revenue Results

Actual Revenue
$180.91 million
Expected Revenue
$193.56 million
Beat/Miss
Missed by -$12.65 million
YoY Revenue Growth
N/A

NETGEAR Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

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NETGEAR Earnings Headlines

Healthcare Takes A Big Step Forward With The Help of A.I.
To date, we've seen baseline AI models lay the groundwork. Tools like ChatGPT are useful, but they are still simple, proof-of-concept systems. For its next act, AI is going to help save lives. Already better than humans at a number of medical tasks, AI is ramping up to completely revolutionize healthcare.
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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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