Netgear, Inc. (NTGR) Tops Q3 EPS by 17c, Revenues Beat

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NETGEARĀ® Reports Third Quarter 2020 Results

October 21, 2020 4:05 PM EDT

Revenue of $378 Million - 42% Growth Year over Year
Record Quarterly Earnings Per Share
Expects Strong Demand Trend to Continue into 2021

SAN JOSE, Calif.--(BUSINESS WIRE)-- NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the third quarter ended September 27, 2020.

Third quarter 2020 net revenue of $378.1 million, an increase of 42.2% from the comparable prior year quarter. Third quarter 2020 GAAP operating income of $32.2... More