NETGEAR beats Q4 revenue expectations

Reuters
Feb 05
NETGEAR beats Q4 revenue expectations

Overview

  • Networking solutions provider's Q4 revenue flat yr/yr, beating analyst expectations

  • Adjusted EPS for Q4 beat analyst expectations

  • Company repurchased $50 mln of shares in 2025

Outlook

  • NETGEAR expects Q1 2026 revenue between $145 mln and $160 mln

  • Company anticipates Q1 2026 GAAP operating margin of (16.3)% to (13.3)%

  • NETGEAR forecasts Q1 2026 non-GAAP operating margin of (6.0)% to (3.0)%

Result Drivers

  • ENTERPRISE SEGMENT - Revenue grew 10.6% yr/yr, driven by strong demand for ProAV solutions and improved supply position

  • CONSUMER SEGMENT - Revenue declined 8.4% yr/yr, but improved product mix and cost performance boosted margins

  • SOFTWARE INNOVATION - Co focused on software-led innovation and partner engagement to drive future growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$182.47 mln

$177.25 mln (3 Analysts)

Q4 Adjusted EPS

Beat

$0.26

$0.05 (3 Analysts)

Q4 Net Income

-$684,000

Q4 Gross Margin

40.40%

Q4 Gross Profit

$73.64 mln

Q4 Operating Income

-$4.74 mln

Q4 Operating Margin

-2.60%

Q4 Pretax Profit

-$2.54 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the communications & networking peer group is "buy"

  • Wall Street's median 12-month price target for NETGEAR Inc is $40.00, about 90.9% above its February 3 closing price of $20.95

  • The stock recently traded at 84 times the next 12-month earnings vs. a P/E of 131 three months ago

Press Release: ID:nBwbCLYlRa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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