Filing Flows › Netgear (NTGR) › Q1 2026
Netgear (NTGR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Netgear (NTGR) reported revenue of $159M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -13% from the quarter before. Operating margin was -8.6%, net loss $13.0M (8.2% of revenue).
Netgear, Q1 2026: revenue $159M (-2% year over year), operating margin -8.6%, net loss $13.0M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | -13% | -2% |
| Operating profit | −$13.6M | — | — |
| Net earnings | −$13.0M | — | — |
| Operating cash flow | $1.6M | -92% | — |
What changed
Revenue was $158.8M in Q1 2026, down 2% year over year and down 13% from the previous quarter. Enterprise was the largest line at 53% of revenue. Consumer lost $7.9M year over year (down 9%), 242% of the total change.
Gross margin was 40.5%, up 5.7 points from Q1 2025. Operating costs exceeded revenue by $13.6M, an operating margin of -8.6%. Operating expenses grew 13% against a revenue fall of 2%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $13.0M, wider than the previous quarter's $684K loss.
Operating cash flow was $1.6M. Non-cash charges added back $3.6M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items added $2.9M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$2.2M.
Questions
What was Netgear's revenue in the first quarter 2026?
Netgear (NTGR) reported revenue of $159M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -13% from the quarter before.
Was Netgear profitable in the first quarter 2026?
Operating loss was $13.6M (-8.6% of revenue) and net loss $13.0M.
Source: Netgear 10-Q on SEC EDGAR.