---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055191"
form_type: "8-K"
ticker: "NTGR"
cik: "0001122904"
company_name: "NETGEAR, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:51:20.901389+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NETGEAR Q3 revenue $197.8M beats high end; GAAP EPS -$2.87, non-GAAP $0.23; subs up 27%

## Summary
- Q3 net revenue $197.8M, down 20.7% YoY but above high end of guidance.
- GAAP net loss per diluted share $2.87; non-GAAP EPS $0.23 vs $0.21 YoY.
- Paid subscribers 844,000, up 26.7% YoY; service revenue grew 25% YoY.
- Q4 guidance: revenue $175M-$190M; non-GAAP op margin -2.0% to 1.0%.
- Inventory reduction generating cash; WiFi 7 Orbi 97x and Nighthawk RS700 launched.

## SEC filing metadata
- accession: 0000950170-23-055191
- form_type: 8-K
- ticker: NTGR
- cik: 0001122904
- company_name: NETGEAR, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1122904/000095017023055191/0000950170-23-055191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1122904/000095017023055191/ntgr-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055191
- JSON: https://secwatch.observer/filing/0000950170-23-055191.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055191.txt

## Key facts
- Earnings Releases
  NETGEAR, INC. reported third quarter ended October 1, 2023 results: revenue $197.8 million, EPS $2.87. Guidance lowered.
  - Period: third quarter ended October 1, 2023
  - Revenue: $197.8 million
  - EPS: $2.87
  - Guidance: lowered
  - Result: reported results
  source text: NETGEAR ® REPORTS THIRD QUARTER 2023 RESULTS Q3 net revenue of $197.8 million, above the high end of guidance Q3 GAAP gross margin of 34.8%; non-GAAP gross margin of 35.0% Q3 GAAP operating margin of (0.3)%; non-GAAP operating margin of 2.7%, above the high end of guidance 844,000 paid subscribers for 26.7% growth year over year SAN JOSE, California – October 25, 2023 - NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the third quarter ended October 1, 2023. • Third quarter 2023 net revenue of $197.8 million, a decrease of 20.7% from the comparable prior-year quarter. • Third quarter 2023 GAAP operating loss of $0.6 million, or (0.3)% of net revenue, as compared to operating loss of $2.2 million, or (0.9)% of net revenue, in the comparable prior-year quarter. ◦ Third quarter 2023 non-GAAP operating income of $5.3 million, or 2.7% of net revenue,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017023055191/0000950170-23-055191-index.htm

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