Netgear earnings date
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Netgear (NTGR) Q3 2026 Earnings Report
NTGR Q3 2026 EPS Results
- Actual EPS
- $0.13
- Consensus EPS
- -$0.05
- Beat/Miss
- Beat by +$0.18
- One Year Ago EPS
- $0.12
NTGR Q3 2026 Revenue Results
- Actual Revenue
- $168.02M
- Expected Revenue
- $170.00M
- Beat/Miss
- Missed by -$1.98M
- YoY Revenue Growth
- -8.99%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Netgear's next earnings date is estimated for February 3, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call presented strong underlying enterprise demand, improving enterprise margins, expanding software and Pro AV capabilities, recurring-revenue growth and profitability above guidance. However, these positives were offset by a significant manufacturing partner disruption, declining consolidated and consumer revenue, consumer margin pressure, low channel inventory and a cautious fourth-quarter outlook with expected gross-margin pressure. Overall, the call was balanced between encouraging long-term transformation progress and meaningful near-term execution and supply challenges.
For the fourth quarter of 2026, NETGEAR expects net revenue of $160 million to $175 million, service provider and related products revenue of approximately $17 million, representing an approximate 28% year-over-year decline for this category, approximately 150 basis points of consolidated gross margin pressure compared to the prior quarter, GAAP operating margin of negative 8.7% to negative 5.7%, non-GAAP operating margin of 0% to 3%, GAAP tax expense in the range of a benefit of $0.5 million to an expense of $0.5 million, and non-GAAP tax expense in the range of $0 to $1 million; manufacturing constraints are expected to persist into the first quarter of 2027, with production still falling short of customer demand in the fourth quarter, and the company believes it will be back to normal production levels with this partner in the first quarter of 2027.
- Enterprise Revenue and Demand MomentumEnterprise generated approximately $90.7 million of revenue, representing 54% of consolidated revenue and approximately 70% of non-GAAP gross profit. Global end-customer sell-through increased approximately 6% year-over-year, led by strong double-digit growth in managed switch products, with especially positive trends in the Americas and Europe.
- Enterprise Profitability ImprovementEnterprise non-GAAP gross margin was 53.2%, up 220 basis points year-over-year, while enterprise contribution margin was 24.5%. Enterprise gross profit reached a record high in dollar terms, narrowly exceeding the previous high set in the prior quarter.
- Strong Enterprise BacklogEnterprise backlog exited Q3 more than 2.5x higher than at the end of Q2 and was described as almost $20 million. The company attributed the backlog primarily to strong demand combined with insufficient product supply.
- Quarterly Profitability Above GuidanceNETGEAR reported third-quarter revenue of $167.3 million, within its $165 million to $175 million guidance range. Non-GAAP operating income was $3.3 million, or 2% of revenue, above the guided range of negative 3% to breakeven and marking the fifth consecutive quarter of non-GAAP profitability. Non-GAAP net income was approximately $3.7 million and diluted EPS was $0.13.
- Improved Consolidated Gross Margin and Expense DisciplineConsolidated non-GAAP gross margin was 41.3%, up 170 basis points from 39.6% in the prior-year quarter and approximately flat sequentially. Non-GAAP operating expenses were approximately $65.7 million, down 5% year-over-year and relatively flat sequentially.
- Pro AV Platform and Ecosystem ExpansionNETGEAR launched the Align AV hardware platform in Q3, quickly sold out of its initial quantities, and has more than 70 AV ecosystem partners in the pipeline seeking to add software to the Align App Store. The Pro AV ecosystem added more than 25 partners, reaching more than 625 partners at quarter-end.
- Growth in Broadcast and Mission-Critical DeploymentsSell-through of Sentia-enabled switches more than doubled year-over-year. NETGEAR stated that its solutions are powering AV deployments for one of the top AI frontier labs, NATO, several critical U.S. federal agencies, the Olympics, major churches and museums, and a second Norwegian cruise line vessel.
- Insight Billings Doubled Year-over-YearThe revamped Insight cloud management platform was well received by partners and customers. An Insight price increase helped drive billings to more than double year-over-year in Q3, supporting NETGEAR's expansion into software and services.
- Enterprise Go-to-Market ProgressActive partners increased 14% sequentially in Q3, while Apex partners grew to 31% over Q2. The company reported enterprise networking and security deployments with an industrial factory in Poland, a national convention center in Africa, a U.S. government department, a European hospital and a global semiconductor equipment manufacturer.
- Enterprise Networking Growth TrajectoryNETGEAR said its enterprise networking and security business reached a growth trajectory in the Americas for the first time in several years. In APAC, sell-through was down year-over-year but showed double-digit sequential growth, which management said indicated that the regional recovery was on track.
- Recurring Revenue GrowthAnnual recurring revenue reached $42.5 million, increasing approximately 12% year-over-year and 2% sequentially. Consumer recurring services delivered double-digit growth in the quarter despite intentional constraints on unit volume.
- Software Insourcing ProgressManagement said it was very close to completing the transition away from outside contractors and bringing software development onto internal teams across consumer and enterprise. The company cited progress on next-generation operating systems, application development, Insight, Axiom and the Align controller.
- Component Availability and Pricing ActionsNETGEAR said it had secured critical materials needed to support production plans and increased raw-material inventory by approximately $25 million to $36 million at the end of Q3. In enterprise, the company announced an approximately 10% further price increase on managed switches, effective in November, along with more modest increases on other products.
- Consumer Cost and Portfolio Optimization ActionsNETGEAR implemented a consumer restructuring affecting approximately 8% of employees and closed its Canada office. The actions are expected to generate approximately $6 million in annualized savings, although the savings will not impact the P&L until 2027. The company is also implementing consumer price increases effective in January.
NTGR Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 03, 2027 | 2026 (Q4) | 0.12- | 0.26 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | -0.050.13 | 0.12 | 8.33% (+0.01) | |
| Aug 06, 2026 | 2026 (Q2) | 0.010.16 | 0.06 | 166.67% (+0.10) | |
| Apr 29, 2026 | 2026 (Q1) | -0.070.06 | 0.02 | 200.00% (+0.04) | |
| Feb 04, 2026 | 2025 (Q4) | 0.050.26 | -0.06 | 533.33% (+0.32) | |
| Oct 29, 2025 | 2025 (Q3) | -0.090.12 | 0.17 | -29.41% (-0.05) | |
| Jul 30, 2025 | 2025 (Q2) | -0.150.06 | -0.74 | 108.11% (+0.80) | |
| Apr 30, 2025 | 2025 (Q1) | -0.370.02 | -0.28 | 107.14% (+0.30) | |
| Feb 05, 2025 | 2024 (Q4) | -0.24-0.06 | 0.09 | -166.67% (-0.15) | |
| Oct 30, 2024 | 2024 (Q3) | -0.040.17 | 0.23 | -26.09% (-0.06) |
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.
