NETGEAR Q2 revenue $173.4M, down 22.3% YoY; guides Q3 rev $175-190M

NETGEAR, INC.

2023-Q2 EPS reported -$0.63 revenue$354,321,000

Q2 revenue $173.4M, above high end of guidance, but down 22.3% from prior-year quarter.
GAAP operating loss $17.8M (10.3% of revenue); non-GAAP operating loss $10.7M (6.2% of revenue).
GAAP net loss $0.29/diluted share; non-GAAP net loss $0.16/diluted share.
Paid subscribers 804,000, up 22.9% YoY; on track for 875,000 by year end.
Q3 guidance: revenue $175-190M; GAAP op margin -7% to -4%; non-GAAP -4% to -1%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETGEAR, INC. reported second quarter ended July 2, 2023 results: revenue $173.4 million, EPS $0.29.

Period: second quarter ended July 2, 2023
Revenue: $173.4 million
EPS: $0.29
Result: reported results

Exact text from the filing

X-99.1 Exhibit 99.1 NEWS RELEASE NETGEAR ® REPORTS SECOND QUARTER 2023 RESULTS Q2 net revenue of $173.4 million, above the high end of guidance Q2 GAAP gross margin of 31.3%; non-GAAP gross margin of 31.6% 804,000 paid subscribers for 22.9% growth year over year SAN JOSE, California – July 26, 2023 - NETGEAR, Inc.

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Source: SEC EDGAR

accession 0000950170-23-034722

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