NETGEAR Q3 revenue $182.9M beats guidance; non-GAAP EPS $0.17; President Henry to depart Dec 31

NETGEAR, INC.

2024-Q3 EPS reported $0.72 revenue$491,340,000

Q3 net revenue $182.9M, above high end of guidance; down 7.6% YoY.
GAAP operating income $95.8M vs loss $0.6M prior year; non-GAAP op income $1.6M.
Non-GAAP EPS $0.17 vs $0.23 YoY; cash $395.7M, up $101.4M sequentially.
Q4 guidance: revenue $160-175M, non-GAAP op margin (8.0)% to (5.0)%.
President David J. Henry to depart on Dec 31, 2024.

item 2.02 item 5.02 item 9.01

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Departed

David J. Henry

President and General Manager of Connected Home Products and Services

NTGR · NETGEAR, INC.

Effective: 2024-12-31
Filed: October 30, 2024, 7:59 PM ET

On October 24, 2024, it was determined that David J. Henry, President and General Manager of Connected Home Products and Services, will depart from NETGEAR on December 31, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

David J. Henry departed as President and General Manager of Connected Home Products and Services at NETGEAR, INC..

Action: departed
Role: President and General Manager of Connected Home Products and Services

Exact text from the filing

On October 24, 2024, it was determined that David J. Henry, President and General Manager of Connected Home Products and Services, will depart from NETGEAR on December 31, 2024.

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NETGEAR, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-119012

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