NETGEAR Beats Q1 Revenue and EPS Estimates, Projects Q2 Revenue of $150M-$165M
summarizeSummary
NETGEAR reported first-quarter results that exceeded analyst expectations, with revenue of $158.82 million against a consensus of $152.49 million and adjusted EPS of $0.06 compared to an expected loss of $0.04. The company also provided second-quarter revenue guidance in the range of $150 million to $165 million, alongside projected GAAP operating margins of (8.4)% to (5.4)%. This positive Q1 performance, following a full-year 2025 net loss, suggests a potential turnaround in operational efficiency, supported by record gross margins and a $20 million share repurchase. Traders will be watching if the company can maintain this positive momentum and achieve its Q2 targets, particularly given the continued operating losses projected for the next quarter.
At the time of this announcement, NTGR was trading at $26.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $707.9M. The 52-week trading range was $19.00 to $36.86. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.