)

NETGEAR (NTGR) investor relations material
NETGEAR Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue reached $170.5M, up 18.5% year-over-year, with record gross margins and improved profitability across all business units.
All business units achieved positive contribution margins, led by NETGEAR for Business (NFB) and Home Networking; Mobile segment returned to positive contribution income.
Operational discipline and restructuring led to lowest DSOs in nearly eight years and streamlined inventory.
Transformation efforts included new leadership, business unit realignment, and investments in software, services, and cybersecurity through the Exium acquisition.
Ended Q2 with $363.5M in cash and short-term investments, down $28.5M sequentially due to the Exium acquisition and share repurchases.
Financial highlights
Q2 net revenue was $170.5M, up 18.5% year-over-year and 5.2% sequentially, exceeding guidance.
Non-GAAP gross margin reached 37.8%, up 1,540 bps year-over-year; GAAP gross margin at 37.5%.
Non-GAAP net income was $1.7M ($0.06 per share); GAAP net loss narrowed to $6.4M ($0.22 per share).
Operating margin improved to (5.6)% GAAP and (0.7)% non-GAAP, both significantly better year-over-year.
Recurring service revenue grew 16.6% year-over-year to $9M, with 559,000 recurring subscribers.
Outlook and guidance
Q3 net revenue expected between $165M and $180M.
Q3 GAAP operating margin forecasted at (11)% to (8)%; non-GAAP at (5.5)% to (2.5)%.
NFB segment to maintain strong demand, but supply constraints may limit topline potential.
Home Networking to benefit from expanded WiFi 7 portfolio; Mobile revenue expected to remain flat until new product launches.
Q3 gross margin anticipated to be in line with or slightly below Q2 levels.
Next NETGEAR earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage