NETGEAR Q2 revenue $309M (+10% YoY), EPS $0.57; appoints David Henry as President & Board member

NETGEAR, INC.

2021-Q2 EPS reported $1.29 revenue$626,736,000

Q2 net revenue $308.8M (+10.3% YoY); GAAP EPS $0.57 (vs $0.20), non-GAAP EPS $0.66 (vs $0.54).
U.S. consumer WiFi market share 46% (+3 pts); added 33,000 subscribers; SMB revenue up ~58% YoY.
Q3 guidance: revenue $285-300M; GAAP op margin 2.1-3.1%; non-GAAP op margin 5.0-6.0%.
David Henry promoted to President & GM of Connected Home Products and appointed to Board; Gregory Rossmann to step down Dec 31.
Repurchased 654,000 shares for $25M; supply constraints (component shortages, freight) impacted results.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

David J. Henry

President and General Manager of Connected Home Products and Services

NTGR · NETGEAR, INC.

Effective: 2021-07-16
Filed: July 21, 2021, 7:59 PM ET

On July 16, 2021, the Board appointed David J. Henry the Company’s President and General Manager of Connected Home Products and Services, and as a member of the Board, effective immediately.

Departed

Gregory J. Rossmann

Director

NTGR · NETGEAR, INC.

Effective: 2021-12-31
Filed: July 21, 2021, 7:59 PM ET

On July 16, 2021, Gregory J. Rossmann tendered his resignation to the Board of Directors (the “Board”) of the Company, such resignation to become effective on December 31, 2021.

Appointed

David J. Henry

Director

NTGR · NETGEAR, INC.

Effective: 2021-07-16
Filed: July 21, 2021, 7:59 PM ET

On July 16, 2021, the Board appointed David J. Henry the Company’s President and General Manager of Connected Home Products and Services, and as a member of the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

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

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

Exact text from the filing

On July 16, 2021, the Board appointed David J. Henry the Company’s President and General Manager of Connected Home Products and Services, and as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Gregory J. Rossmann resigned as Director at NETGEAR, INC..

Action: resigned
Role: Director

Exact text from the filing

On July 16, 2021, Gregory J. Rossmann tendered his resignation to the Board of Directors (the “Board”) of the Company, such resignation to become effective on December 31, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David J. Henry was appointed as Director at NETGEAR, INC..

Action: appointed
Role: Director

Exact text from the filing

On July 16, 2021, the Board appointed David J. Henry the Company’s President and General Manager of Connected Home Products and Services, and as a member of the Board, effective immediately.

View on SEC.gov

NETGEAR, INC. filing history →

Source: SEC EDGAR

accession 0001564590-21-037398

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