secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001564590-22-016069
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETGEAR Q1 revenue drops 33.8% to $210.6M, GAAP EPS -$1.95, non-GAAP -$0.28
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- Revenue $210.6M, down 33.8% YoY; GAAP operating loss $58.5M including $44.4M impairment.
- Non-GAAP operating loss $9.3M; GAAP net loss per diluted share $1.95; non-GAAP loss $0.28.
- Paid subscribers reached 627k, up 30.4% YoY; targeting 750k for full year.
- Q2 revenue guidance $205M-$220M; GAAP operating margin (6.5%)-(5.5%); non-GAAP (4.0%)-(3.0%).
- Repurchased ~354k shares for $9.4M in Q1; CEO cites China lockdowns and U.S. WiFi market contraction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022016069/0001564590-22-016069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022016069/ntgr-8k_20220427.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-016069

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