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Netgear (NTGR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Netgear (NTGR) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $167M · 7¢ of every $1 of revenue lost · operating margin -8.2%
Netgear made $167M in Q3 2026 (-9% Y/Y): Enterprise $90.7M, Consumer $76.6M. Operating margin -8.2%, net loss $12.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $167.3M in Q3 2026, down 9% year over year and down 1% from the previous quarter. Enterprise was the largest line at 54% of revenue. Consumer lost $17.1M year over year (down 18%), 99% of the total change.
Gross margin was 40.1%, up 0.9 points from Q3 2025. Operating costs exceeded revenue by $13.7M, an operating margin of -8.2%. Operating expenses grew 2% against a revenue fall of 9%. The fastest-growing cost line was Other operating costs (+245%). The quarter ended with a net loss of $12.3M, wider than the previous quarter's $7.3M loss.
Operating cash flow was −$3.8M. Non-cash charges added back $4.0M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$5.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $167M | -9% | -8.2% | −$12.3M | −$3.8M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $169M | -1% | -5.0% | −$7.3M | −$10.2M |
| Q1 2026 | 10-Q | May 1, 2026 | $159M | -2% | -8.6% | −$13.0M | $1.6M |
| Q4 2025 | 10-K | Feb 13, 2026 | $182M | 0% | -2.6% | −$684K | $19.5M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $185M | +0.9% | -3.8% | −$4.8M | −$7.4M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $171M | +18% | -5.6% | −$6.4M | −$1.8M |
| Q1 2025 | 10-Q | May 2, 2025 | $162M | -2% | -7.9% | −$6.0M | −$8.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Netgear
Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises.
In its own words, from its 8-K, filed Aug 6, 2026.
Netgear against its Computer Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median +11%. Operating margin: -8.2% against the peers' median 16.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NTGR Netgear | Q3 2026 | $167M | -9% | -8.2% |
| CSCO Cisco Systems | Q4 FY26 | $17.3B | +18% | 24.7% |
| ANET Arista Networks | Q3 2026 | $3.7B | +58% | 44.9% |
| FFIV F5 | Q3 FY26 | $865M | +11% | 24.7% |
| EXTR Extreme Networks | Q1 FY27 | $341M | +10% | 6.8% |
| DGII Digi International | Q3 FY26 | $139M | +29% | 16.5% |
| ATEN A10 Networks | Q3 2026 | $91.5M | +23% | 20.0% |
| LTRX Lantronix | Q4 FY26 | $31.2M | +8% | -1.3% |
| FOXX Foxx Development Holdings | Q4 FY26 | $7.0M | -50% | -97.7% |
Source: Netgear 10-Q on SEC EDGAR · CIK 1122904 · Computer Communications Equipment
Guidance and outlook
13F: who owns NTGR and who is buying
More on NTGR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results