Welcome to our dedicated page for Netgear news (Ticker: NTGR), a resource for investors and traders seeking the latest updates and insights on Netgear stock.
NETGEAR reports news on intelligent networking technologies for businesses, homes, and service providers. The company’s updates center on Enterprise and Consumer networking products, including switches, routers, access points, software, AV-over-IP technologies, and mobile connectivity devices such as Nighthawk hotspots.
Recurring developments include quarterly operating results, gross margin and segment revenue trends, share repurchases, subscription and services activity, product introductions, investor conference appearances, equity compensation grants, and regulatory matters affecting consumer router launches and software updates.
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NETGEAR, Inc. (NASDAQ: NTGR) reported Q1 2023 results, highlighting a net revenue of $180.9 million, down 14.1% year-over-year. Despite this decline, GAAP operating loss improved to $12.0 million from $58.5 million in Q1 2022. The company achieved a non-GAAP gross margin of 33.6%, reflecting a 540 basis point year-over-year increase. Paid subscribers rose to 772,000, marking a 23.1% growth. CEO Patrick Lo noted the impact of inventory reductions by key partners but emphasized the resilience in premium product sales. The outlook predicts Q2 revenues between $150 million and $165 million, with anticipated operating margins of (13.4)% to (10.4)%.