# NETGEAR, Inc. (NTGR)

> Source: Nexqual · https://nexqual.com/NTGR · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, NETGEAR, Inc. (NTGR), nexqual.com/NTGR" · informational, not investment advice.

**Price:** USD 22.31 (+0.59% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 22.18 · day 21.66–22.35 · 52w 19–35.1 · market cap $606M · NMS

## Key facts
- Last four reported quarters (through Jun 28, 2026): revenue $694M, net income -$25.8M (-3.7% margin), free cash flow -$17.3M (SEC filings).
- 1 of 80 tracked superinvestors hold NTGR (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.67 on a 1–5 scale) (3 analysts), mean target USD 33 (range 30–35).
- Total return with dividends: 1Y -31.3% vs S&P 500 +18.1%; 5Y -32.2% vs S&P 500 +85.1%.
- Next earnings: 2026-10-28, EPS estimate USD -0.05, revenue estimate $170M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.17B | $932M | $741M | $674M | $700M | $694M |
| Gross profit | $366M | $251M | $249M | $196M | $266M | — |
| Operating income | $66.6M | -$82.9M | -$33.3M | $12.2M | -$34.2M | -$33.8M |
| Net income | $49.4M | -$69.0M | -$105M | $12.4M | -$17.9M | -$25.8M |
| EPS (diluted) | $1.59 | -$2.38 | -$3.57 | $0.42 | -$0.63 | — |
| Free cash flow | -$14.4M | -$19.5M | $51.1M | $156M | -$18.9M | -$17.3M |
| Gross margin | 31.3% | 26.9% | 33.6% | 29.1% | 38.0% | — |
| Operating margin | 5.7% | -8.9% | -4.5% | 1.8% | -4.9% | -4.9% |
| Net margin | 4.2% | -7.4% | -14.1% | 1.8% | -2.6% | -3.7% |
| Revenue growth | -6.9% | -20.2% | -20.6% | -9.1% | +3.8% | — |
| Cash + short-term investments | $272M | $227M | $284M | $409M | $323M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 28, 2026)
P/S 0.9x · P/B 1.3x · FCF yield -2.84% · Earnings yield -4.25% · Buyback yield (TTM) 11.22%
P/E at fiscal year-ends: Dec 2024 66.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NTGR. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $14.3M | Added +111.5% |

## Analysts
Consensus Buy (mean 1.67 on a 1–5 scale), 3 analysts; mean target USD 33 (low 30, high 35).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | Stifel | Target lowered | Buy | $36 → $30 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -31.3% | -32.2% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -31.4% | -7.5% |
| Volatility (annualized) | 43.6% | 45.8% |
| Max drawdown | -42.8% (Oct 2025→Feb 2026) | -66.7% (Oct 2021→Oct 2023) |

## Peers (Communication Equipment)
GILT (Gilat Satellite Networks Ltd.) USD 8.05 -2.54% · ADTN (ADTRAN Holdings, Inc.) USD 6.53 -6.18% · FEIM (Frequency Electronics, Inc.) USD 69.98 -2.90% · CLFD (Clearfield, Inc.) USD 29.99 -7.86% · HLIT (Harmonic Inc.) USD 10.58 +0.47% · VISN (Vistance Networks, Inc.) USD 5.89 -3.76%

## More
Full page: https://nexqual.com/NTGR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt