secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001564590-22-014635
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETGEAR pre-announces Q1 revenue $202-$212M, below guidance; expects negative operating margins
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- Preliminary Q1 net revenue $202M-$212M vs prior guidance of $225M-$240M.
- GAAP operating margin expected (7.7)%-(6.7)%; prior guidance (1.5)%-(0.5)%.
- Non-GAAP operating margin expected (5.3)%-(4.3)%; prior guidance 1%-2%.
- CHP revenue declined as US consumer WiFi market fell; SMB hit by Shenzhen COVID lockdowns disrupting supply.
- Full Q1 results will be released on April 27, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022014635/0001564590-22-014635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022014635/ntgr-8k_20220418.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-014635

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