Filing Flows › Netgear (NTGR) › Q2 2025
Netgear (NTGR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Netgear (NTGR) reported revenue of $171M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +5% from the quarter before. Operating margin was -5.6%, net loss $6.4M (3.8% of revenue).
Netgear, Q2 2025: revenue $171M (+18% year over year), operating margin -5.6%, net loss $6.4M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +5% | +19% |
| Operating profit | −$9.5M | — | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $170.5M in Q2 2025, up 19% year over year and up 5% from the previous quarter. Netgear for Business was the largest line at 48% of revenue. Netgear for Business added $22.8M year over year (up 38%), 85% of the total change. Mobile declined 16%.
Gross margin was 37.5%, up 15.4 points from a year earlier. Operating costs exceeded revenue by $9.5M, an operating margin of -5.6%. Operating expenses fell 7% while revenue rose 19%. The quarter ended with a net loss of $6.4M, wider than the previous quarter's $6.0M loss. Non-operating items added $4.0M, -71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.8M. Non-cash charges added back $1.6M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Netgear's revenue in the second quarter 2025?
Netgear (NTGR) reported revenue of $171M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +5% from the quarter before.
Was Netgear profitable in the second quarter 2025?
Operating loss was $9.5M (-5.6% of revenue) and net loss $6.4M.
Source: Netgear 10-Q on SEC EDGAR.