NETGEAR, INC. NTGR

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

We are a global provider of networking technologies for businesses, homes, and service providers. We deliver a wide range of networking hardware, software, and services designed to enable reliable connectivity and security.

Our purpose is to power extraordinary experiences, and our mission is to unleash the full potential of connectivity with intelligent solutions that delight and protect. As part of the ongoing development of our business, we are executing a multi-phase transformation to strengthen execution, reinforce our core businesses, and support long-term growth and margin expansion, while exercising strong operational discipline. The first phase of this transformation, which began in 2024, has been completed and focused on establishing foundational capabilities, including organizational alignment, capital allocation priorities, and operational processes. The second phase, which we are now entering, is focused on strengthening our core businesses through improved execution across product development, go-to-market activities, and cost structure. Subject to market conditions and business performance, a subsequent phase is expected to focus on accelerating growth initiatives, including selective inorganic opportunities.

Last close 22.46 2026-10-23
Market cap $610.4M 2026-06-28 share count
52-week range 19.00 - 35.09

Valuation FY2025 figures against the last close

P/S0.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $699.6M$673.8M$740.8M$932.5M$1.17B$1.26B$998.8M$1.06B$1.04B$1.14B
Cost of revenue $433.4M$477.8M$491.6M$681.9M$802.2M$883.0M$704.5M$717.1M$731.5M$769.5M
Gross profit $266.2M$195.9M$249.3M$250.5M$365.8M$372.2M$294.2M$341.7M$307.7M$373.9M
R&D $85.7M$81.1M$83.3M$88.4M$93.0M$88.8M$78.0M$82.4M$71.9M$70.9M
SG&A $78.9M$63.5M$66.2M$56.3M$59.7M$61.1M$49.4M$64.9M$54.3M$54.0M
Total operating expenses $300.3M$183.7M$282.5M$333.5M$299.2M$296.6M$268.0M$303.0M$265.2M$268.4M
Operating income -$34.2M$12.2M-$33.3M-$82.9M$66.6M$75.5M$26.2M$38.7M$42.6M$105.5M
Interest expense $11.6M$12.2M$6.8M$1.8M$157.0K$436.0K$2.5M———
Pre-tax income -$16.8M$24.9M-$19.1M-$82.0M$65.5M$70.8M$29.6M$43.2M$46.2M$106.5M
Income tax $1.1M$12.5M$85.6M$13.0M$16.1M$12.5M$3.8M$25.9M$57.4M$36.2M
Net income -$18.0M$12.0M-$105.0M-$69.0M$49.0M$58.3M$25.8M-$9.2M$19.4M$75.9M
EPS, basic -0.630.43-3.57-2.381.631.950.83-0.290.612.32
EPS, diluted -0.630.42-3.57-2.381.591.900.81-0.280.612.25
Shares, diluted (wtd. avg.) 28.6M29.7M29.4M29.0M31.0M30.6M32.0M33.1M32.1M33.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $209.9M$286.4M$176.7M$146.5M$263.8M$346.5M$190.2M$201.0M$202.7M$240.5M
Short-term investments $113.1M$122.2M$106.9M$80.9M$7.7M$6.9M$5.5M$73.3M$126.9M$125.5M
Receivables $142.0M$156.2M$185.1M$277.5M$261.2M$277.5M$277.2M$303.7M$260.4M$313.8M
Inventory $176.5M$162.5M$248.9M$299.6M$315.7M$172.1M$235.5M$243.9M$162.9M$247.9M
Total current assets $673.3M$758.0M$748.0M$834.3M$883.1M$893.2M$744.1M$857.9M$1.02B$962.8M
Property, plant and equipment $26.0M$11.3M$8.3M$9.2M$13.3M$16.1M$17.7M$20.2M$17.3M$18.1M
Goodwill $45.0M$36.3M$36.3M$36.3M$80.7M$80.7M$80.7M$80.7M$64.3M$64.3M
Other intangibles $38.5M$0$0$1.3M$1.9M$3.9M$10.1M$17.1M$20.6M$37.9M
Total assets $836.3M$850.2M$847.1M$1.02B$1.08B$1.11B$955.8M$1.04B$1.21B$1.18B
Accounts payable $43.7M$58.5M$46.9M$85.5M$73.7M$90.9M$80.5M$139.7M$91.2M$112.4M
Total current liabilities $250.2M$270.1M$264.3M$346.0M$341.0M$365.1M$298.4M$384.0M$424.4M$356.7M
Total liabilities $338.4M$309.2M$311.6M$398.9M$381.7M$416.7M$347.1M$415.8M$478.1M$387.6M
Retained earnings -$538.9M-$457.1M-$432.3M-$324.8M-$226.6M-$193.3M-$222.7M-$166.1M$128.2M$228.5M
Total equity $497.8M$541.1M$535.5M$620.9M$696.8M$689.4M$608.7M$627.6M$730.5M$796.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.6M$164.8M$56.9M-$13.7M-$4.6M$181.2M$13.5M-$103.2M$87.5M$118.2M
Depreciation and amortisation $8.0M$6.5M$7.2M$10.1M$13.9M$18.9M$19.4M$18.9M$22.5M$29.9M
Stock-based compensation $29.7M$22.7M$17.9M$17.7M$26.0M$30.5M$29.1M$26.5M$19.0M$17.1M
Capital expenditure $20.5M$9.0M$5.8M$5.8M$9.9M$10.3M$14.2M$12.3M$10.1M$10.2M
Investing cash flow -$22.6M-$26.2M-$27.4M-$79.5M-$10.0M-$16.8M$49.5M-$43.2M-$19.8M-$48.8M
Financing cash flow -$55.5M-$28.9M$797.0K-$24.0M-$68.1M-$8.1M-$73.8M$144.6M-$105.3M-$10.9M
Buybacks $50.7M$33.1M$0$24.4M$75.0M$23.8M$75.9M$30.0M$113.2M$38.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-159312.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 1.1B Gross profit, FY2016: 373.9M Net income, FY2016: 75.9M Revenue, FY2017: 1B Gross profit, FY2017: 307.7M Net income, FY2017: 19.4M Revenue, FY2018: 1.1B Gross profit, FY2018: 341.7M Net income, FY2018: -9.2M Revenue, FY2019: 998.8M Gross profit, FY2019: 294.2M Net income, FY2019: 25.8M Revenue, FY2020: 1.3B Gross profit, FY2020: 372.2M Net income, FY2020: 58.3M Revenue, FY2021: 1.2B Gross profit, FY2021: 365.8M Net income, FY2021: 49M Revenue, FY2022: 932.5M Gross profit, FY2022: 250.5M Net income, FY2022: -69M Revenue, FY2023: 740.8M Gross profit, FY2023: 249.3M Net income, FY2023: -105M Revenue, FY2024: 673.8M Gross profit, FY2024: 195.9M Net income, FY2024: 12M Revenue, FY2025: 699.6M Gross profit, FY2025: 266.2M Net income, FY2025: -18M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.14B $1.04B $1.06B $998.8M $1.26B $1.17B $932.5M $740.8M $673.8M $699.6M
Gross profit $373.9M $307.7M $341.7M $294.2M $372.2M $365.8M $250.5M $249.3M $195.9M $266.2M
Net income $75.9M $19.4M -$9.2M $25.8M $58.3M $49.0M -$69.0M -$105.0M $12.0M -$18.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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