Netgear, Inc. (NTGR) Tops Q2 EPS by 14c

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Go back to Netgear, Inc. (NTGR) Tops Q2 EPS by 14c

NETGEAR® Reports Second Quarter 2023 Results

July 26, 2023 4:05 PM EDT

Q2 net revenue of $173.4 million, above the high end of guidance

Q2 GAAP gross margin of 31.3%; non-GAAP gross margin of 31.6%

804,000 paid subscribers for 22.9% 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 second quarter ended July 2, 2023.

Second quarter 2023 net revenue of $173.4 million, a decrease of 22.3% from the comparable prior-year... More