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Financials · NTGR

NETGEAR Inc. (NTGR) financials

For the twelve months ended Sep 27, 2026, NETGEAR Inc. reported $677.19M of revenue and -$33.25M of net income.

Revenue, TTM
$677.19M
Revenue growth, YoY
-3.2%
Net income, TTM
-$33.25M
Net margin
-4.9%
Free cash flow, TTM
-$5.37M
EPS, diluted, TTM
-$1.22
Cash
$178.42M
P/S
0.78
Market cap
$528.2M
Annual revenue$699.62M
FY2016FY2025
Annual net income-$17.92M
FY2016FY2025
Annual free cash flow-$18.91M
FY2016FY2025

NTGR revenue and earnings growth

NTGR revenueQ3 2026$167.34M

Quarter YoY
-9.3%
QoQ
-0.7%
FY YoY
+3.8%
5Y CAGR
-11.0%
10Y CAGR
-6.0%

NTGR revenue was $167.34M in fiscal Q3 2026 (ended Sep 27, 2026), down 9.3% from a year earlier and down 0.7% from the prior quarter. For the full fiscal 2025 it was $699.62M, up 3.8% from fiscal 2024. Compound annual growth was -11.0% over 5 years and -6.0% over 10 years. It rose in 3 of the last 10 fiscal years.

NTGR net incomeQ3 2026-$12.27M

NTGR net income was -$12.27M in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$4.78M a year earlier. For the full fiscal 2025 it was -$17.92M, compared with $12.36M in fiscal 2024.

NTGR EPSQ3 2026-$0.45

NTGR diluted EPS was -$0.45 in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$0.17 a year earlier. For the full fiscal 2025 it was -$0.63, compared with $0.42 in fiscal 2024.

NTGR free cash flowQ3 2026-$5.21M

NTGR free cash flow was -$5.21M in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$17.09M a year earlier. For the full fiscal 2025 it was -$18.91M, compared with $155.80M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$699.62M$673.76M$740.84M$932.47M$1.17B$1.26B$998.76M$1.06B$1.04B$1.14B
Cost of revenue$433.43M$477.83M$491.59M$681.92M$802.24M$883.05M$704.53M$717.12M$731.45M$769.54M
Gross profit$266.19M$195.93M$249.25M$250.55M$365.84M$372.15M$294.23M$341.70M$307.72M$373.90M
Research and development$85.72M$81.08M$83.30M$88.44M$92.97M$88.79M$77.98M$82.42M$71.89M$70.90M
Selling, general and admin$78.92M$63.47M$66.24M$56.32M$59.66M$61.15M$49.43M$64.86M$54.35M$54.00M
Operating income-$34.15M$12.22M-$33.27M-$82.92M$66.60M$75.54M$26.19M$38.71M$42.55M$105.50M
Pre-tax income-$16.78M$24.89M-$19.14M-$82.02M$65.50M$70.80M$29.57M$43.20M$46.22M$106.50M
Income tax$1.15M$12.53M$85.63M-$13.04M$16.12M$12.51M$3.78M$25.88M$57.36M$36.18M
Net income-$17.92M$12.36M-$104.77M-$68.99M$49.39M$58.29M$25.79M-$9.16M$19.44M$75.85M
EPS, basic-$0.63$0.43-$3.57-$2.38$1.63$1.95$0.83-$0.29$0.61$2.32
EPS, diluted-$0.63$0.42-$3.57-$2.38$1.59$1.90$0.81-$0.28$0.61$2.25
Diluted shares28.6M29.7M29.4M29.0M31.0M30.6M32.0M33.1M32.1M33.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$209.90M$286.44M$176.72M$146.50M$263.77M$346.46M$190.21M$201.05M$202.73M$240.47M
Short-term investments$113.13M$122.25M$106.93M$80.92M$7.74M$6.86M$5.50M$73.32M$126.93M$125.51M
Receivables$142.04M$156.21M$185.06M$277.49M$261.16M$277.49M$277.17M$303.67M$255.12M$313.84M
Inventory$176.46M$162.54M$248.85M$299.61M$315.67M$172.11M$235.49M$243.87M$162.94M$247.86M
Current assets$673.28M$758.03M$747.98M$834.29M$883.09M$893.18M$744.11M$857.90M$1.02B$962.78M
Goodwill$45.02M$36.28M$36.28M$36.28M$80.72M$80.72M$80.72M$80.72M$64.31M$64.31M
Total assets$836.27M$850.23M$847.14M$1.02B$1.08B$1.11B$955.81M$1.04B$1.21B$1.18B
Current liabilities$250.22M$270.08M$264.35M$345.97M$341.05M$365.07M$298.39M$383.99M$424.44M$356.65M
Total liabilities$338.45M$309.16M$311.65M$398.93M$381.72M$416.65M$347.12M$415.82M$478.08M$387.64M
Shareholders' equity$497.82M$541.07M$535.50M$620.86M$696.82M$689.38M$608.69M$627.55M$730.49M$796.82M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.61M$164.80M$56.85M-$13.73M-$4.58M$181.15M$13.53M-$103.21M$87.52M$118.18M
Capital expenditures$20.52M$8.99M$5.80M$5.76M$9.86M$10.30M$14.23M$12.25M$10.14M$10.23M
Free cash flow-$18.91M$155.80M$51.05M-$19.49M-$14.44M$170.85M-$705.0K-$115.46M$77.38M$107.95M
Investing cash flow-$22.64M-$26.16M-$27.43M-$79.52M-$9.98M-$16.84M$49.46M-$43.19M-$19.82M-$48.76M
Financing cash flow-$55.51M-$28.91M$797.0K-$24.02M-$68.12M-$8.06M-$73.82M$144.58M-$105.30M-$10.90M
Share repurchases$50.66M$33.09M$0$24.38M$75.00M$23.80M$75.95M$30.00M$113.16M$38.25M
Stock-based compensation$29.71M$22.68M$17.94M$17.73M$26.00M$30.50M$29.14M$26.46M$18.97M$17.14M
Depreciation and amortization$8.00M$6.51M$7.16M$10.07M$13.91M$18.93M$19.41M$18.85M$22.53M$29.93M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY3.8%-9.1%-20.6%-20.2%-6.9%25.7%-5.7%1.9%-9.1%-12.1%
Net income growth, YoY-----15.3%126.0%---74.4%56.1%
EPS growth, YoY-----16.3%134.6%---72.9%56.3%
Gross margin38.0%29.1%33.6%26.9%31.3%29.6%29.5%32.3%29.6%32.7%
Operating margin-4.9%1.8%-4.5%-8.9%5.7%6.0%2.6%3.7%4.1%9.2%
Net margin-2.6%1.8%-14.1%-7.4%4.2%4.6%2.6%-0.9%1.9%6.6%
Free cash flow margin-2.7%23.1%6.9%-2.1%-1.2%13.6%-0.1%-10.9%7.4%9.4%
Return on equity-3.6%2.3%-19.6%-11.1%7.1%8.5%4.2%-1.5%2.7%9.5%
Return on assets-2.1%1.5%-12.4%-6.8%4.6%5.3%2.7%-0.9%1.6%6.4%
Current ratio2.692.812.832.412.592.452.492.232.392.70

Source: XBRL data NETGEAR Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NTGR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NTGR$677.19M-3.2%-$33.25M-4.9%$528.2M
VZ$139.39B+1.4%$16.42B11.8%$190.90B
TMUS$93.82B+9.3%$11.30B12.0%$178.71B
T$128.85B+3.5%$13.13B10.2%$146.82B
GLW$17.72B+18.8%$2.24B12.6%$99.88B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$78.39B
LITE$3.74B+103.2%-$6.58B-175.8%$54.07B
CIEN$6.02B+32.6%$654.41M10.9%$38.19B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B

NTGR FAQ

9 questions
  • What is NTGR revenue?
    NETGEAR Inc. (NTGR) reported $677.19M of revenue for the twelve months ended Sep 27, 2026. That is down 3.2% from the year before. Revenue for fiscal 2025 was $699.62M.
  • Is NTGR profitable?
    No. NETGEAR Inc. reported a net loss of $33.25M for the twelve months ended Sep 27, 2026.
  • How much cash and debt does NTGR have?
    NETGEAR Inc. reported $178.42M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NTGR revenue growing?
    NETGEAR Inc.'s revenue changed +3.8% in fiscal 2025, to $699.62M. Its compound annual growth rate was -11.0% over 5 years and -6.0% over 10 years.
  • What is NTGR gross margin?
    NETGEAR Inc.'s gross profit was $272.82M on $677.19M of revenue for the twelve months ended Sep 27, 2026, a gross margin of 40.3%.
  • What is NTGR free cash flow?
    NETGEAR Inc. generated -$5.37M of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of $7.21M less capital expenditures.
  • What is NTGR earnings per share?
    Diluted earnings per share were -$1.22 for the twelve months ended Sep 27, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NTGR last report financial results?
    The latest statements here come from NETGEAR Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 27, 2026.
  • Where does this NTGR financial data come from?
    Quantisnow builds these statements from the structured XBRL data NETGEAR Inc. files with the SEC. It is provided for information only and is not investment advice.