---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014844"
form_type: "8-K"
ticker: "NTGR"
cik: "0001122904"
company_name: "NETGEAR, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:47:29.109696+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-014844
- form_type: 8-K
- ticker: NTGR
- cik: 0001122904
- company_name: NETGEAR, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/ntgr-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014844
- JSON: https://secwatch.observer/filing/0000950170-23-014844.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014844.txt

## Key facts
- Earnings Releases
  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
  source text: First quarter 2023 net revenue of $180.9 million, a decrease of 14.1% from the comparable prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm
- Earnings Releases
  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
  source text: Accordingly, we expect our second quarter net revenue to be in the range of $150 million to $165 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.