secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051281
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETGEAR posts Q1 loss of $0.63/diluted share; Q2 revenue forecast $125-140M
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- Q1 net revenue $164.6M, down 9% YoY; GAAP operating loss $21.6M (13.2% of revenue).
- GAAP net loss per diluted share $0.63; non-GAAP net loss $0.28.
- Service revenue up 21.2% YoY; cash from operations $17.2M (+88.4% YoY).
- Q2 guidance: revenue $125-140M, GAAP operating margin (30.9%) to (27.9%).
- Expects to expedite NFB/CHP destocking in Q2, headwind $25-30M to topline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000095017024051281/0000950170-24-051281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000095017024051281/ntgr-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051281

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