NETGEAR, INC. (NTGR) Form 10-Q — Nov 4, 2026
NETGEAR's Q3 2026 revenue fell 9.3% year-over-year to $167.3 million, with the Consumer segment down 18.2% on soft home networking demand and deliberate harvesting of the service provider business. The net loss widened to $12.3 million ($0.45 per share) from $4.8 million a year ago. Management flagged a significant manufacturing delay at one contract manufacturer that left roughly $18 million of Enterprise orders in backlog at quarter end, and sharply higher memory prices driven partly by AI data center demand are expected to pressure product costs into 2027. Gross margin nonetheless improved 100 basis points to 40.1% on Enterprise mix.
Key figures
- Revenue
- 167345000
- Revenue Yoy
- -9.3%
- Cash Position
- 178420000
- Shares Outstanding
- 26253315
- Q3 gross margin
- 40.1%
- Nine month revenue
- $494.7M vs $517.2M prior year
- Consumer revenue q3
- $76.6M (-18.2% YoY)
- Nine month net loss
- $32.6M vs $17.2M prior year
- Buybacks nine months
- 2.2M shares for ~$47.9M
- Enterprise revenue q3
- $90.7M (flat YoY)
- Enterprise backlog constrained
- ~$18M due to contract manufacturer delay
- Buyback authorization remaining
- $60.0M
- Buyback incremental authorization
- $75.0M (April 22, 2026)
AI analysis
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