Adam Tindle

Jay Goldberg

Logan Katzman

Logan Katzmar

- **NETGEAR** reported strong Q3 2025 results, with **revenue of $184.6 million** and **non-GAAP EPS of $0.12**, marking the sixth consecutive quarter of exceeding guidance.  **[0001122904_2212858_1]** **[0001122904_2212858_4]** **[0001122904_2212858_6]** 
- The company achieved a **record non-GAAP gross margin of 39.6%**, primarily driven by the Enterprise segment, which saw revenue increase **15.7% year-over-year** to **$90.8 million** and an all-time high segment gross margin of **51%**.  **[0001122904_2212858_1]** **[0001122904_2212858_4]** **[0001122904_2212858_5]** 
- **Annual Recurring Revenue (ARR) grew 17.2% year-over-year** to **$37.9 million**, with **560,000 recurring subscribers** at the end of Q3 2025.  **[0001122904_2212858_3]** **[0001122904_2212858_5]** 
- NETGEAR repurchased **$20 million** of common stock at an average price of **$24.55 per share** in Q3 2025.  **[0001122904_2212858_1]** **[0001122904_2212858_4]** **[0001122904_2212858_6]** 
- For Q4 2025, the company anticipates net revenue to be in the range of **$170 million to $185 million**.  **[0001122904_2212858_6]**

NETGEAR Exceeds Q3 2025 Guidance with Record Gross Margin and Share Buyback

- NETGEAR reported **Q3 2025 net revenue of $184.6 million**, a 0.9% increase year-over-year, with a **record high non-GAAP gross margin of 39.6%** and **non-GAAP operating income of $3.8 million**, resulting in **non-GAAP EPS of $0.12**.  **[1122904_0001193125-25-256395_ntgr-ex99_1.htm:0]** 
- The company repurchased **$20 million** of its common stock in Q3 2025 at an average price of $24.55 per share and ended the quarter with **over $326 million in cash and short-term investments**.  **[1122904_0001193125-25-256395_ntgr-ex99_1.htm:0]** 
- The **Enterprise segment revenue grew by 15.7% year-over-year to $90.8 million**, driven by strong ProAV solutions, while Home Networking revenue decreased by 6.6% to $72.6 million and Mobile revenue declined by 20.7% to $21.1 million.  **[1122904_0001193125-25-256395_ntgr-ex99_1.htm:1]** 
- For Q4 2025, NETGEAR anticipates net revenue between **$170 million and $185 million** and a non-GAAP operating margin in the range of **(2.0)% to 1.0%**, expecting a 150 basis point headwind to gross margins from rising memory costs.  **[1122904_0001193125-25-256395_ntgr-ex99_1.htm:2]**

NETGEAR Reports Q3 2025 Results, Exceeds Guidance, and Provides Q4 Outlook

- **NETGEAR reported Q3 2025 net revenue of $184.6 million**, an increase of 0.9% from the prior year, achieving a **record non-GAAP gross margin of 39.6%**.  **[1122904_93bf266d0e4846cf906fe48a921e5f61_0]** 
- The company delivered **non-GAAP operating income of $3.8 million** and **non-GAAP EPS of $0.12**, marking positive non-GAAP operating income for the first time this year.  **[1122904_93bf266d0e4846cf906fe48a921e5f61_0]** 
- The **Enterprise segment's revenue grew by 15.7% year over year to $90.8 million**, driven by strong performance in ProAV solutions.  **[1122904_93bf266d0e4846cf906fe48a921e5f61_1]** 
- In Q3 2025, NETGEAR repurchased approximately **815,000 shares for $20.0 million** at an average price of **$24.55**, and exited the quarter with **over $326 million in cash and short-term investments**.  **[1122904_93bf266d0e4846cf906fe48a921e5f61_1]** 
- For **Q4 2025, the company anticipates net revenue to be in the range of $170 million to $185 million**, with a **non-GAAP operating margin between (2.0)% and 1.0%**.  **[1122904_93bf266d0e4846cf906fe48a921e5f61_3]**

NETGEAR Reports Third Quarter 2025 Results

- **Netgear's shares surged as much as 10%** following reports that the U.S. government is considering restrictions on Chinese router-maker **TP-Link Systems** due to national security concerns.  **[1122904_f46be204621f4b4c87ae7af7cdff2e74]** 
- This potential U.S. government action could **reduce competition for Netgear** in the networking solutions sector.  **[1122904_f46be204621f4b4c87ae7af7cdff2e74]** 
- Despite the stock gains, Netgear faces challenges including **declining revenue growth** and **insider selling**.  **[1122904_f46be204621f4b4c87ae7af7cdff2e74]** 
- Netgear maintains **profitability** with a positive net margin and a **gross margin of 33.84%**, which is at the higher end of its historical range.  **[1122904_f46be204621f4b4c87ae7af7cdff2e74]**

NETGEAR (NTGR)