secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014844
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/0000950170-23-014844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000095017023014844/ntgr-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014844

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer