earnings
confidence high
sentiment negative
materiality 0.75
NETGEAR Q2 revenue falls 27.7% to $223.2M; GAAP EPS -$0.30 vs +$0.57 YoY
NETGEAR, INC.
2022-Q2 EPS reported
-$2.26
revenue$433,782,000
- SMB segment delivered record revenue with 20% YoY growth; service provider channel sales also strong.
- GAAP operating loss of $10.1M vs prior year operating income of $21.5M; non-GAAP operating loss $4.2M.
- Paid subscribers reached 654,000; company targets 750,000 by year-end 2022.
- Q3 revenue guidance $240M-$255M; GAAP operating margin (1.0%)-0.0%; non-GAAP 1.5%-2.5%.