secwatch.observer — SEC 8-K summary
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Issuer:     NETGEAR, INC. (NTGR)
CIK:        0001122904
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001564590-22-035262
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETGEAR Q3 revenue down 14% YoY to $249.6M; GAAP operating loss; guides Q4 $235-250M
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- Q3 net revenue $249.6M, down 14% YoY; GAAP EPS $0.10 vs $0.31; non-GAAP EPS $0.21 vs $0.50.
- GAAP operating loss of $2.2M vs income of $12.9M YoY; non-GAAP operating income $1.8M vs $19.5M.
- SMB business record revenue up 21% YoY; retail channel partners reducing inventories.
- Q4 guidance: revenue $235-250M; GAAP op margin (4.2%)-(3.2%); non-GAAP (2.0%)-(1.0%).
- Supply constraints and FX headwinds; expects supply improvement in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022035262/0001564590-22-035262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122904/000156459022035262/ntgr-8k_20221026.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035262

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