secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055191
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000095017023055191/0000950170-23-055191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000095017023055191/ntgr-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055191

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