Netgear, Inc. (NTGR) Tops Q3 EPS by 13c; Guides Q4 Revenue Lower

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Go back to Netgear, Inc. (NTGR) Tops Q3 EPS by 13c; Guides Q4 Revenue Lower

NETGEAR® Reports Third Quarter 2022 Results

October 26, 2022 4:05 PM EDT

SMB business delivers record revenue; 21% 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 third quarter ended October 2, 2022.

Third quarter 2022 net revenue of $249.6 million, a decrease of 14.0% from the comparable prior year quarter. Third quarter 2022 GAAP operating loss of $2.2 million, or (0.9)% of net revenue, as compared to operating income of $12.9 million, or 4.5% of net revenue, in the... More