NTGR · Netgear, Inc.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Netgear reported Q2 revenue and non-GAAP operating margin above the high end of guidance, driven by 7.7% Enterprise growth and an all-time-high 54.1% Enterprise non-GAAP gross margin. However, Q3 guidance points to a non-GAAP operating margin range of (3.0)% to 0.0% amid a ~200 bps memory-driven gross margin headwind in H2 and a ~19% year-over-year decline expected in Service Provider revenue.
- + Enterprise revenue grew 7.7% YoY to $89.0M with an all-time-high 54.1% non-GAAP gross margin, up 740 bps YoY
- + Q2 revenue and non-GAAP operating margin both above the high end of guidance
- + Non-GAAP operating margin improved 310 bps YoY to 2.4% with non-GAAP EPS of $0.16 vs $0.06 prior year
- + Annual recurring revenue grew 15% YoY to $41.6M with 558,000 recurring subscribers
- + Returned $12.9M to shareholders via buybacks with $75M remaining authorization
- − Q3 guidance implies non-GAAP operating margin of (3.0)% to 0.0% with ~200 bps H2 gross margin headwind from memory costs
- − Service Provider revenue expected to decline ~19% YoY to ~$22M in Q3
- − Consumer revenue declined 9.4% YoY to $79.6M with consumer non-GAAP gross margin down 210 bps to 27.3%
- − Total Q2 revenue declined 1.2% YoY to $168.6M
- − APAC revenue declined amid ongoing go-to-market transformation with APAC down 16% YoY
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| APAC distribution channel weeks of channel inventory | 10.9 | Three Months Ended June 28, 2026 | — |
| ARR from subscription and services | 42M | Q2 2026 | — |
| Consumer segment Non-GAAP contribution margin non-GAAP | -2.2% | Q2 2026 | — |
| Consumer segment Non-GAAP gross margin non-GAAP | 27.3% | Q2 2026 | — |
| Cumulative share repurchases since beginning of 2024 | $116M | Q2 2026 | — |
| Days sales outstanding (DSO) | 83 | Three Months Ended June 28, 2026 | — |
| EMEA distribution channel weeks of channel inventory | 5.6 | Three Months Ended June 28, 2026 | — |
| Ending inventory turns | 2.3 | Three Months Ended June 28, 2026 | — |
| Enterprise segment Non-GAAP contribution margin non-GAAP | 25.9% | Q2 2026 | — |
| Enterprise segment Non-GAAP gross margin non-GAAP | 54.1% | Q2 2026 | — |
| Headcount | 822 | Three Months Ended June 28, 2026 | — |
| ProAV manufacturing partners | 600 | Q2 2026 | — |
| Remaining share repurchase authorization | $75M | Q2 2026 | — |
| Share repurchases | $12.9M | Q2 2026 | — |
| U.S. distribution channel weeks of channel inventory | 4 | Three Months Ended June 28, 2026 | — |
| U.S. retail channel weeks of channel inventory | 12.6 | Three Months Ended June 28, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NTGR
this stock
Netgear, Inc.
|
$599.84M | -4.0% | +3.8% | — | 7.9% |
|
CSCO
Cisco Systems, Inc.
|
$427.06B | +45.7% | +2.8% | 32.5 | 1.5% |
|
LITE
Lumentum Holdings Inc.
|
$84.47B | +194.5% | +24.6% | — | 7.3% |
|
HPE
Hewlett Packard Enterprise Co
|
$83.55B | +188.6% | +13.8% | 32.4 | 4.2% |
|
MSI
Motorola Solutions, Inc.
|
$75.61B | +16.7% | +5.7% | 36.0 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NTGR | +6.8% | +11.7% | -0.2% | +6.1% | -4.0% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +7.0% | +12.2% | -12.4% | +5.2% | -16.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.