NETGEAR, Inc. (NASDAQ: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today reported financial results for the second quarter ended June 29, 2025.

Q2 2025

• Net revenue of $170.5 million, up 18.5% from Q2 prior year
• GAAP gross margin of 37.5%, up 1,540 basis points from 22.1% in Q2 prior year
• Non-GAAP gross margin of 37.8%, up 1,540 basis points from 22.4% in Q2 prior year
• GAAP operating income of $(9.5) million compared to $(46.9) million from Q2 prior year
• Non-GAAP operating income of $(1.2) million compared to $(31.1) million from Q2 prior year
• GAAP EPS of $(0.22) compared to $(1.56) from Q2 prior year
• Non-GAAP EPS of $0.06 compared to $(0.74) from Q2 prior year

The accompanying schedules provide a reconciliation of financial measures computed on a GAAP basis to financial measures computed on a non-GAAP basis.