Netgear, Inc. (NTGR) Misses Q1 EPS by 28c

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Go back to Netgear, Inc. (NTGR) Misses Q1 EPS by 28c

NETGEAR® Reports First Quarter 2022 Results

April 27, 2022 4:05 PM EDT

Reached 627,000 Paid Subscribers for 30.4% Growth Year over Year

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 first quarter ended April 3, 2022.

First quarter 2022 net revenue of $210.6 million, a decrease of 33.8% from the comparable prior year quarter. First quarter 2022 GAAP operating loss of $58.5 million impacted by non-cash impairment charges of $44.4 million, or (27.8)% of net revenue, as compared to operating income of... More