NETGEAR, Inc.
netgear.comWhat Do They Do?
Sells home and mobile WiFi equipment and related services to consumers, plus networking and security solutions for small and medium businesses and service providers.
10-K for FY2025, filed Feb 13, 2026In the first quarter of 2025, we realigned our business structure by separating the previously disclosed Connected Home segment into two…View ↗
Our Consumer segment focuses on addressing connectivity needs in home and mobile environments. Our growth priorities for this segment…View ↗
Our goal is to power extraordinary experiences where people collaborate and connect to a world of information and innovation. Our products…View ↗
How Do They Make Money?
Customers buy Enterprise and Consumer hardware, generally paying shortly after shipment or delivery; subscribers pay monthly or annually, generally in advance, for security, privacy, support and remote-management services.
10-K for FY2025, filed Feb 13, 2026The Company derives its revenue primarily from product sales, consisting of sales of Enterprise and Consumer hardware products to its…View ↗
Revenue for services relates primarily to sales of subscriptions of the Company’s value-added services, including security and privacy…View ↗
NETGEAR Insight Remote Management: cloud-based platform that enables remote deployment, monitoring, management, and troubleshooting of…View ↗
Value-added service offerings such as security and privacy, technical support, and parental controls for consumers.View ↗
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10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by reportable segment ↗
$699.6M
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10-K for FY2025, filed Feb 13, 2026
$699.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Enterprise
Mix
10-K for FY2025, filed Feb 13, 2026 |
49% |
Enterprise, FY2025
$342M Sources
|
Mix |
|
Consumer
Mix
10-K for FY2025, filed Feb 13, 2026 |
51% |
Consumer, FY2025
$357.6M Sources
|
Mix |
Who Are Their Customers?
Consumers and business buyers purchase through retailers, distributors, resellers and managed service providers, or directly through NETGEAR's online store; NETGEAR also sells directly to broadband providers, which supply homes and businesses.
10-K for FY2025, filed Feb 13, 2026We sell our products through multiple sales channels worldwide, including wholesale distributors, traditional and online retailers, direct…View ↗
Wholesale Distributors. Our distribution channel supplies our products to retailers, e-commerce resellers, DMRs, MSPs and broadband service…View ↗
DMRs and MSPs. We sell into the business marketplace through an extensive network of DMRs and MSPs. Our DMRs include companies such as CDW…View ↗
Broadband Service Providers. We supply products directly to broadband service providers in the United States and internationally providing…View ↗
Direct Online Store. We sell directly online at www.netgear.com in the United States and internationally to enterprises and consumers.…View ↗
10-K for FY2025, filed Feb 13, 2026
For the years ended December 31, 2025 and 2024, the Company had one customer in each year that individually accounted for 17% and 16% of…View ↗
Do Revenues Turn Into Profits?
No. It lost $17.9M in FY2025.
10-K for FY2025, filed Feb 13, 2026
−$34.2MView ↗
10-K for FY2025, filed Feb 13, 2026
−$17.9MView ↗
10-K for FY2025, filed Feb 13, 2026
−$18.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$7.3MView ↗
- ▲ +13% (Loss)
- vs −$6.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
NETGEAR issued third-quarter revenue and operating-margin guidance
It forecast net revenue of $165 million to $175 million and GAAP operating margin of (12.0)% to (9.0)%.
Sources
8-K, filed Aug 6, 2026
Mr. Murray continued, “Within Enterprise, we expect continued growth led by the strong demand for our ProAV line of managed switches. On…View ↗
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Apr 14, 2026
FCC granted conditional approval for NETGEAR consumer routers
The approval permits new consumer router launches and software updates on existing routers while it remains in effect.
Sources
8-K, filed Apr 14, 2026
NETGEAR is the first retail consumer router company to be granted conditional approval under the new FCC regulations applicable to foreign…View ↗
Shrinking. Revenue fell 40% in 4 years, from $1.2B in FY2021 to $699.6M in FY2025, about 12% a year.
Who Do They Compete With?
Competes with Allied Telesis, Arista, Barracuda, Cisco Systems, Dell, D-Link, Extreme, Fortinet, Huawei, Palo Alto Networks, QNAP Systems, Ruckus Networks, SonicWall, Snap One, Synology, TRENDnet, Ubiquiti, WatchGuard, TP-Link, and ASUS
10-K for FY2025, filed Feb 13, 2026within the enterprise markets, companies such as Allied Telesis, Arista, Barracuda (owned by KKR), Buffalo, Cisco Systems, Dell, D-Link…View ↗
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