earnings
confidence high
sentiment positive
materiality 0.75
NETGEAR Q1 beats operating margin guidance; record gross margins
NETGEAR, INC.
2026-Q1 EPS reported
-$0.47
revenue$158,819,000
- Net revenue $158.8M, down 2% YoY; GAAP gross margin 40.5% (up 570 bps), non-GAAP 41.7% (up 670 bps).
- GAAP operating income $(13.6)M; non-GAAP operating income $1.7M, above guidance high end.
- GAAP EPS $(0.47); non-GAAP EPS $0.06, up from $0.02 YoY.
- Enterprise revenue $83.8M (+5.8% YoY); Consumer $75.0M (-9.5% YoY). Subscription ARR ~$40M.
- Q2 net revenue guidance $150-165M; non-GAAP operating margin (1.0)% to 2.0%.