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Netgear (NTGR)
NASDAQ:NTGR
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.37Last Year’s EPS
-0.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -3.98%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in NETGEAR's strategic focus and cash position, with strong growth in recurring revenue and the Pro AV segment. However, there were challenges such as revenue decline, supply constraints, and operating losses. The company is optimistic about 2025 with restructuring and investment plans.Company Guidance
During the conference call, NETGEAR provided guidance for the first quarter of 2025, highlighting expected net revenue in the range of $145 million to $160 million. The company anticipates maintaining a similar gross margin to the 32.8% reported in Q4 2024. However, due to seasonally lower revenue, the GAAP operating margin is expected to range from negative 16.4% to negative 13.4%, and the non-GAAP operating margin is projected to be between negative 10% and negative 7%. The guidance reflects challenges such as supply constraints for certain Pro AV managed switch products, which are expected to limit top-line growth potential. Despite these constraints, NETGEAR remains focused on long-term growth and profitability by investing in B2B go-to-market capabilities, software innovation, and a diversified product portfolio. The company also plans to continue its balanced capital allocation strategy, including share repurchases and potential acquisitions, while maintaining a strong cash position.Strong Cash Position and Share Repurchase
NETGEAR ended 2024 with $409 million in cash and equivalents, up $125 million from the prior year. The company also repurchased over $33 million in stock.
Recurring Revenue Growth
NETGEAR's recurring revenue grew 25% year-over-year, ending 2024 with almost $35 million in annual recurring revenue.
Pro AV Segment Success
NETGEAR's Pro AV business experienced another record quarter of end-user sales, adding almost 50 new manufacturing partners, totaling over 370.
Settlement with TP-Link
NETGEAR settled a patent dispute with TP-Link, adding more than $100 million in cash to the balance sheet.
NFB Segment Growth
The NFB segment grew to $80.8 million in revenue for Q4, up 14.9% year-over-year.
Inventory Management Improvements
NETGEAR reduced finished goods inventory by $86 million or 35% from the previous year, achieving its objective of three months of supply.
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NTGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $28.15 | $28.53 | +1.35% |
| Oct 30, 2024 | $20.68 | $21.92 | +6.00% |
| Jul 31, 2024 | $15.88 | $16.43 | +3.46% |
| May 01, 2024 | $14.94 | $11.78 | -21.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Netgear (NTGR) report earnings?
Netgear (NTGR) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Netgear (NTGR) earnings time?
Netgear (NTGR) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTGR EPS forecast?
NTGR EPS forecast for the fiscal quarter 2025 (Q1) is -0.37.
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