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NETGEAR, Inc.

NTGR Technology Communication Equipment

NETGEAR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $699.6 million, up 3.84% from fiscal 2024.

Revenue
−1.16%
EPS
−22.7%
Free cash flow
−118.6%

Quarter to June 2026, against a year earlier

22.30 0.30 −1.33%
Market cap
$614.3M
P/E
0.0×
Fwd P/E
−16.3×
Dividend yield
—
F-score
6/9
Altman Z
1.65
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.45
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — 1 3 1 — — — —
Insider Ownership 4.89%

Capital & Financial Ratios $m

Size
Market Cap 614.25
Revenue ttm 694.41
Net income ttm (25.75)
Free cash flow ttm (17.25)
Net debt Q (267.88)
Valuation
P/E 0.00
Forward P/E (16.30) (negative: loss-making)
Price / sales 0.87
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.32
Financial health
Current ratio Q 2.48 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −1.16% (below 0%: shrinking)
Operating income growth Q +11.52% (above 0%: growing)
EPS, this year −35.23% (below 0%: weak)
EPS, next year A +77.19% (at or above 15%: strong)
Revenue, next year A −3.06% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.2× in 2024 to 1.2× in 2018.
P/S against its own 10 years 57.64%
10-year low 10-year high
P/B against its own 10 years 53.71%
10-year low 10-year high
EV/Sales against its own 10 years 41.26%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 284 409 323 268
Receivables 185 156 142 153
Inventory 249 163 176 175
Other — — — —
748 758 673 634
2023 2024 2025 Q'26
Payables 47 58 44 54
ST’ Debt — — — —
Other — — — —
264 270 250 255

Compound Annual Growth %

10y 5y 3y
Sales (6.01%) (11.03%) (9.13%)
Cash Flow (34.54%) (61.14%) 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (3.47%) (6.30%) (7.10%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.02 Actual 0.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.09 0.12 Beat by 0.21
Q4 FY25 0.05 0.26 Beat by 0.21
Q1 FY26 −0.08 0.06 Beat by 0.14
Q2 FY26 0.02 0.16 Beat by 0.14
Q3 FY26 −0.05 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.47) (0.27) — — —
’25 (0.21) (0.22) (0.17) (0.02) (0.63)
’24 (0.63) (1.56) 2.90 (0.31) 0.42
’23 (0.33) (0.29) (2.87) (0.06) (3.57)
’22 (1.95) (0.30) 0.10 (0.21) (2.38)
’21 0.72 0.57 0.31 (0.03) 1.59
’20 (0.14) 0.20 0.83 0.99 1.90
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 159 169 — — —
’25 162 171 185 182 700
’24 165 144 183 182 674
’23 181 173 198 189 741
’22 211 223 250 249 932
’21 318 309 290 251 1,168
’20 230 280 378 367 1,255
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2 (10) — — —
’25 (9) (2) (7) 20 2
’24 17 18 108 21 165
’23 9 (35) 26 56 57
’22 1 5 (15) (5) (14)
’21 14 (5) (17) 4 (5)
’20 29 63 43 46 181
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (12) — — —
’25 (10) (5) (17) 14 (19)
’24 15 16 106 19 156
’23 8 (35) 24 54 51
’22 0 4 (17) (7) (19)
’21 12 (8) (19) 1 (14)
’20 28 61 40 42 171
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,143 1,039 1,059 999 1,255 1,168 932 741 674 700 694 (5.3%) 678 721 689 (0.5%)
Gross margin, % 32.70 29.61 32.27 29.46 29.65 31.32 26.87 33.64 29.08 38.05 40.03 +5.4 pt
EBT 106 46 43 30 71 66 (82) (19) 25 (17) (25) n/m
EBT margin, % 9.31 4.45 4.08 2.96 5.64 5.61 (8.80) (2.58) 3.69 (2.40) (3.65) (11.7) pt
Net income 76 19 (18) 26 58 49 (69) (105) 12 (18) (26) n/m
Per share, $
Per share, $ Revenue 34.91 32.38 33.48 32.28 41.98 38.63 32.15 25.24 23.31 24.46 25.68 (3.9%)
Earnings 2.32 0.61 (0.29) 0.83 1.95 1.63 (2.38) (3.57) 0.43 (0.63) (0.93) n/m
Cash flow 3.61 2.73 (3.26) 0.44 6.06 (0.15) (0.47) 1.94 5.70 0.06 0.13 (37.0%)
Capex (0.31) (0.32) (0.39) (0.46) (0.34) (0.33) (0.20) (0.20) (0.31) (0.72) (0.77) +9.7%
Free cash flow 3.30 2.41 (3.65) (0.02) 5.71 (0.48) (0.67) 1.74 5.39 (0.66) (0.64) n/m
Book value 24.32 22.76 19.84 19.68 23.06 23.04 21.40 18.24 18.72 17.40 16.88 (3.7%)
Shares, m 33 32 32 31 30 30 29 29 29 29 28 (1.5%)
Valuation, ×
Valuation, × P/E 14.79 64.59 0.00 29.18 21.05 18.03 0.00 0.00 60.59 0.00 0.00 20.8
P/S 0.98 1.16 0.97 0.76 0.97 0.76 0.57 0.57 1.20 1.00 0.87 0.9
P/B 1.40 1.65 1.63 1.25 1.76 1.27 0.85 0.78 1.49 1.41 1.32 1.3
EV/Sales 0.66 0.84 0.71 0.56 0.69 0.52 0.32 0.18 0.59 0.54 0.48 0.6
EV/FCF 6.98 11.28 (6.48) (797.92) 5.04 (42.36) (15.52) 2.66 2.55 (20.03) (19.43) (85.4)
Cash, $m
Cash, $m Operating cash flow 118 88 (103) 14 181 (5) (14) 57 165 2 4 (38.0%)
Capex (10) (10) (12) (14) (10) (10) (6) (6) (9) (21) (21) +8.0%
Free cash flow 108 77 (115) (1) 171 (14) (19) 51 156 (19) (17) n/m
Balance, $m
Balance, $m Working capital 606 591 474 446 528 542 488 484 488 423 378 (3.9%)
Net debt (366) (330) (274) (196) (353) (272) (227) (284) (409) (323) (268) (1.4%)
Shareholders’ equity 797 730 628 609 689 697 621 535 541 498 456 (5.1%)
Returns, %
Returns, % ROA 6.79 1.62 (0.81) 2.58 5.65 4.52 (6.58) (11.22) 1.46 (2.13) (3.23) (8.9) pt
ROIC 15.30 6.64 6.85 3.96 14.05 9.79 (13.17) (8.26) 5.77 (12.21) (11.22) (27.5) pt
ROE 10.08 2.55 (1.35) 4.17 8.98 7.13 (10.47) (18.12) 2.30 (3.45) (5.26) (13.5) pt
People
People Employees 945 1,008 837 809 818 771 691 635 655 784 — (2.1%)
Revenue/emp, $m 1.21 1.03 1.27 1.23 1.53 1.52 1.35 1.17 1.03 0.89 — (3.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

NETGEAR, Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HLIT Harmonic Inc. $1.1B — (loss-making) 20.6× +53.55% (above 0%: growing) n/m −284.31% (below 0%: shrinking) 52.37% 17.71% Compare
FEIM Frequency Electronics, Inc. $762.6M 263× 55.2× +69.79% (above 0%: growing) +485.71% (above 0%: growing) +361.82% (above 0%: growing) 45.84% 22.17% Compare
NTGR NETGEAR, Inc. $614.3M — (loss-making) — (loss-making) −1.16% (below 0%: shrinking) n/m −118.63% (below 0%: shrinking) 40.21% (5.01%)
TSAT Telesat Corporation $611.8M — (loss-making) — (loss-making) −21.45% (below 0%: shrinking) n/m +68.09% (above 0%: growing) 8.53% (30.37%) Compare
GILT Gilat Satellite Networks Ltd. $599.3M 16.1× 21.6× +16.86% (above 0%: growing) −35.29% (below 0%: shrinking) −250.32% (below 0%: shrinking) 30.37% 3.83% Compare
ADTN ADTRAN Holdings, Inc. $532.1M — (loss-making) — (loss-making) +6.07% (above 0%: growing) n/m −52.65% (below 0%: shrinking) 36.97% (3.58%) Compare
CLFD Clearfield, Inc. $435.1M — (loss-making) 153× +13.18% (above 0%: growing) +100.00% (above 0%: growing) −6.00% (below 0%: shrinking) 31.79% 5.86% Compare
LTRX Lantronix, Inc. $281.8M — (loss-making) 68.7× +8.03% (above 0%: growing) n/m +89.00% (above 0%: growing) 43.67% (1.26%) Compare
AUDC AudioCodes Ltd. $266.9M 41.2× 39.8× +3.08% (above 0%: growing) +100.00% (above 0%: growing) −15.07% (below 0%: shrinking) 65.70% 5.08% Compare
Median of peers $565.7M 41.2× 47.5× +10.61% +100.00% −10.53% 40.32% 4.46%

All 46 Communication Equipment stocks →

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.59m 2.53m 60.00

Ownership

Directors and executive officers, together 3.10%
Brandes Investment Partners, LP 11.00%
BlackRock, Inc. 9.50%
Dimensional Fund Advisors LP 5.30%
Windward Management LP 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NETGEAR, Inc. (NTGR) Latest News

28 Oct

Impact 4 · · Business Wire

27 Oct

Impact 3 · · Business Wire

11 Sep

Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool transcript

10 Aug

Impact 3 ·

7 Aug

Impact 3 · · MarketBeat
Impact 3 · transcript

6 Aug

Impact 3 ·

30 Jun

Impact 4 ·

15 Jun

Impact 3 ·

6 May

Impact 4 · · PR Newswire

4 May

Impact 3 · · Zacks

30 Apr

Impact 4 · · GuruFocus.com
Impact 3 · · Zacks

29 Apr

Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · Business Wire

25 Mar

Impact 4 · · Zacks

24 Mar

Impact 4 · · Proactive Investors
Impact 4 · · Zacks

27 Feb

Impact 4 · · Insider Monkey
Impact 3 · · Simply Wall St.

12 Feb

Impact 4 · · Simply Wall St.

9 Feb

Impact 4 · · Zacks

5 Feb

Impact 4 · · Zacks
Impact 4 · · GuruFocus.comGuruFocus.comZacksMotley Fool

4 Feb

Impact 4 · · Zacks
Impact 3 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript
Impact 3 ·
stockrow.com/NTGR · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com