Netgear, Inc. (NTGR) Tops Q2 EPS by 5c

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Go back to Netgear, Inc. (NTGR) Tops Q2 EPS by 5c

Netgear® Reports Second Quarter 2022 Results

July 27, 2022 4:05 PM EDT

SMB business delivers record revenue; 20% year over year growth

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 second quarter ended July 3, 2022.

Second quarter 2022 net revenue of $223.2 million, a decrease of 27.7% from the comparable prior year quarter. Second quarter 2022 GAAP operating loss of $10.1 million, or (4.5)% of net revenue, as compared to operating income of $21.5 million, or 7.0% of net revenue, in the... More