NETGEAR Q1 revenue down 14% to $180.9M; guides Q2 revenue $150M-$165M

NETGEAR, INC.

2023-Q1 EPS reported -$0.33 revenue$180,908,000

GAAP net loss per diluted share $0.33; non-GAAP loss $0.19; revenue $180.9M.
Q1 GAAP operating loss $12.0M (6.6% of revenue); non-GAAP operating loss $7.1M (3.9%).
Paid subscribers reached 772,000, up 23.1% year-over-year.
Q2 revenue guidance $150M-$165M; GAAP operating margin (13.4)% to (10.4)%.
Management cites channel inventory reduction by largest partners as key headwind.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETGEAR, INC. reported first quarter ended April 2, 2023 results: EPS non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior.

Period: first quarter ended April 2, 2023
EPS: non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior
Result: reported results

Exact text from the filing

First quarter 2023 net revenue of $180.9 million, a decrease of 14.1% from the comparable prior-year quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETGEAR, INC. reported first quarter ended April 2, 2023 results: EPS non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior.

Period: first quarter ended April 2, 2023
EPS: non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior
Result: reported results

Exact text from the filing

First quarter 2023 GAAP net loss per diluted share of $0.33, as compared to net loss per diluted share of $1.95 in the comparable prior-year quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETGEAR, INC. reported first quarter ended April 2, 2023 results: EPS non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior.

Period: first quarter ended April 2, 2023
EPS: non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior
Result: reported results

Exact text from the filing

First quarter 2023 non-GAAP net loss per diluted share of $0.19, as compared to net loss per diluted share of $0.28 in the comparable prior-year quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETGEAR, INC. reported second quarter ending July 2, 2023 results: revenue expected second quarter net revenue to be in the range of $150 million to $165 million. Guidance lowered.

Period: second quarter ending July 2, 2023
Revenue: expected second quarter net revenue to be in the range of $150 million to $165 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Accordingly, we expect our second quarter net revenue to be in the range of $150 million to $165 million.

View on SEC.gov

Browse all earnings releases →

NETGEAR, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-014844

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.