NETGEAR
Builds business networking, Pro AV, security, and consumer WiFi products.
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Profile
Sells networking hardware, software, and services across Enterprise and Consumer lines, spanning Pro AV switches, security offerings, mesh WiFi, routers, and mobile connectivity. The business skews toward the Americas and depends on channel partners, outsourced manufacturing, and fast networking technology transitions.
Builds networking hardware, software, and services for businesses, homes, and service providers. Enterprise covers SME networking, Pro AV managed switches, wireless LAN, cloud-managed tools, firewall, and SASE offerings; Consumer covers mesh WiFi, routers, mobile hotspots, and support or security subscriptions.
Sales are largest in the Americas, with additional reach through EMEA and APAC. Products move through distributors, retailers, direct market resellers, managed service providers, broadband providers, and the direct online store.
Execution depends on balancing Enterprise and Consumer after the recent segment reset, keeping pace with WiFi, AV-over-Ethernet, mobile, and security shifts, and managing outsourced manufacturing plus concentrated channels.
Company facts
Categories
Key statistics
Year to date −13.1% · Average volume (30d) 380.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Feb 5, 2026 | Stifel Nicolaus | Target | $40 | $36 |
| Oct 17, 2025 | Stifel Nicolaus | Target | $40 | |
| Oct 1, 2025 | Seaport Global | Target | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.01 | $0.16 | +1,100.3% | $157.8M | $168.6M | +6.8% | −2.59% |
| Apr 29, 2026Q1 FY26 | −$0.08 | $0.06 | +175.0% | $152.5M | $158.8M | +4.2% | −2.39% |
| Feb 4, 2026Q4 FY25 | $0.05 | $0.26 | +420.0% | $177.3M | $182.5M | +2.9% | −1.49% |
| Oct 29, 2025Q3 FY25 | −$0.09 | $0.12 | +233.3% | $177.3M | $184.6M | +4.1% | +0.83% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $162.1M | $170.5M | $184.6M | $176.2M | $158.8M | $168.6M | |
| Gross profit | $56.3M | $64.0M | $72.3M | $58.4M | $64.3M | $67.8M | |
| Operating income | −$12.8M | −$9.5M | −$7.1M | −$5.7M | −$8.0M | −$8.4M | |
| Net income | −$6.0M | −$6.4M | −$4.8M | −$15.6M | −$13.0M | −$7.3M | |
| Diluted EPS | −$0.21 | −$0.22 | −$0.17 | −$0.54 | −$0.47 | −$0.27 | |
| Gross margin | 34.8% | 37.5% | 39.1% | 33.1% | 40.5% | 40.2% | |
| Operating margin | -7.9% | -5.6% | -3.8% | -3.2% | -5.0% | -5.0% |
Fiscal years (4-quarter sums)FY21 $1.17B · FY22 $932.5M · FY23 $740.8M · FY24 $673.8M · FY25 $693.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $267.9M · Total debt $45.8M · Total assets $788.7M · Shareholders' equity $456.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 26.84M · Float 25.37M · 94.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.55M | 13.21% | 13F | Aug 7, 2026 |
| Brandes Investment Partners, LP | 1.77M | 6.58% | 13F | Aug 14, 2026 |
| Windward Management LP | 1.37M | 5.10% | 13F | Aug 17, 2026 |
| Vanguard Portfolio Management LLC | 1.31M | 4.90% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.11M | 4.15% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Pramod Badjate | officer: President & GM, NFB | −3,000 | $23.88 |
| May 1, 2026 | Pramod Badjate | officer: President & GM, NFB | −3,000 | $25.47 |
| Feb 2, 2026 | Pramod Badjate | officer: President & GM, NFB | −3,000 | $20.97 |
| Nov 19, 2025 | Pramod Badjate | officer: President & GM, NFB | −4,000 | $24.60 |
| Nov 3, 2025 | Graeme McLindin | officer: VP, Mobile | −1,205 | $34.26 |
Peers
- Cisco Systems
Enterprise switching, WLAN, routing, and SMB networking rival
- Hewlett Packard Enterprise
Aruba and Juniper networks challenge enterprise switching and WLAN
- Ubiquiti
SMB and prosumer networking rival across UniFi switching and WiFi
- Arista Networks
High-performance switching and campus networking rival
- Fortinet
Security-led networking rival in firewall, SASE, WLAN, and switching
- Extreme Networks
Enterprise campus switching, WiFi, and cloud networking rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NETGEAR | $21.09 | −0.14% | $566.1M | — | 108.3 | 0.8 | −1.2% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Hewlett Packard Enterprise | $52.56 | +0.50% | $69.26B | 49.8 | 13.4 | 1.8 | +40.0% |
| Ubiquiti | $599.00 | −0.13% | $36.27B | 37.8 | 33.9 | 11.1 | +23.5% |
| Arista Networks | $195.38 | +0.01% | $246.02B | 61.6 | 42.0 | 23.3 | +37.7% |
| Fortinet | $165.78 | −0.16% | $121.80B | 58.5 | 47.4 | 16.2 | +25.6% |
| Extreme Networks | $22.50 | −0.37% | $2.95B | 73.1 | 17.2 | 2.3 | +10.3% |
| Median | 54.1 | 27.7 | 9.0 | +24.6% |








