prol NETGEAR NETGEAR orbi | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|----------------------------|-------------------|---------------|-------|-------|-------|-----------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NETGEAR | INVESTOR OVERVIEW | | | | | | | | | | | | ＦＥＢＲＵＡＲＹ ２０２２ | | | | | | | | | | | | | | | NETOEAR | 은 다 | | | . . | | | | 5 | (b) | | | | NETGEAR 日 日 | | 0 | | &&& ...

Financial Data and Key Metrics Changes - Net revenue for Q4 2021 was $251.2 million, down 31.6% year-over-year, and for the full year, net revenues were $1.17 billion, down 6.9% compared to 2020 [6][7] - Non-GAAP operating margin for Q4 was 2.7%, which is 830 basis points lower than the prior year period, while full year non-GAAP operating income was $95.1 million, with a margin of 8.1% [9][11] - Non-GAAP gross margin in Q4 was 30%, down 60 basis points from the prior year [15] Business Line Data and Key Metrics Changes - The Connected Home segment generated net revenue of $174.2 million in Q4, down 41.2% year-over-year, while the SMB segment generated $77 million, up 8.6% year-over-year [21][24] - The net revenue split between home and business products was approximately 69% and 31%, respectively, with wireless products accounting for about 68% of net revenue [14] Market Data and Key Metrics Changes - In Q4, net revenue for the Americas was $159.4 million, down 38.6% year-over-year, while EMEA revenue was $50 million, down 25.8% year-over-year [12] - APAC net revenue was $41.7 million, up 4.4% year-over-year, with all regions seeing growth in the SMB business [13] Company Strategy and Development Direction - The company is focusing on shifting its product mix towards premium, higher-margin products, which is expected to drive long-term profitable growth [22][30] - The strategy includes reducing promotions on lower-priced products and introducing new products to replace older ones, aiming to avoid excess inventory [52] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by supply chain issues and elevated costs but expressed confidence in the long-term growth potential of the premium WiFi market [27][44] - The company anticipates a muted decline in CHP revenue for Q1 2022 and expects to see improvements in service provider revenue in Q2 [42][56] Other Important Information - The company ended Q4 2021 with $271.5 million in cash and short-term investments, down $20.7 million from the prior quarter [18] - The company repurchased approximately 539,000 shares at an average price of $32.52 per share, totaling $17.5 million in Q4 [20] Q&A Session Summary Question: Concerns about channel inventory optimization and price increases - Management discussed their confidence in raising prices for unique technology products with less competition, aiming to offset component and transportation costs [50][51] Question: Trends in operating expenses and business travel - Management indicated that business travel is unpredictable and may not resume until the second half of the year [62] Question: Inventory levels and methods for selling through inventory - Management explained that inventory is primarily finished goods, with increased levels due to elongated transit times, and sales will occur through all channels [65][67] Question: Growth in paid subscribers - Management noted that subscriber growth is coming from both netgear.com and retail channels, with a stronger attach rate on direct sales [68]

Financial Data and Key Metrics Changes - Net revenue for Q3 2021 was $290.2 million, down 23.3% year-over-year, despite supply chain challenges [8] - Non-GAAP operating margin was 6.7%, which is 70 basis points above the top end of guidance [8] - Non-GAAP operating income was $19.5 million, translating to a non-GAAP operating margin of 6.7%, down 420 basis points from the prior year [13][18] - Non-GAAP gross margin was 30.1%, down 20 basis points year-over-year [18] - Non-GAAP net income was $15.3 million with a diluted EPS of $0.50 [20] Business Line Data and Key Metrics Changes - Connected Home segment generated net revenue of $208.5 million, down 34.2% year-over-year [25] - SMB segment generated net revenue of $81.6 million, up 33% year-over-year, marking the highest quarterly revenue in nearly seven years [27][28] - The revenue split between home and business products was approximately 72% and 28%, respectively [16] Market Data and Key Metrics Changes - Net revenue for the Americas was $195.1 million, down 29.8% year-over-year [15] - EMEA net revenue was $56.9 million, down 10.6% year-over-year [15] - APAC net revenue was $38.1 million, up 4.3% year-over-year [15] Company Strategy and Development Direction - The company aims to lead innovation in the consumer networking market and expand its paid service subscriber base [9] - Focus on premium WiFi products, with the introduction of the next generation Orbi quad-band mesh WiFi 6E system [31][32] - Commitment to R&D investment to maintain technology leadership and enhance subscription services [19][40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges and lower than expected end-user demand [50][52] - Anticipated net revenue for Q4 2021 is projected to be between $250 million and $265 million [54] - Confidence in the long-term strategy despite current challenges, with expectations for strong demand in the SMB sector [52][54] Other Important Information - The company ended Q3 2021 with $292.2 million in cash and short-term investments, down $43.1 million from the prior quarter [21] - The company repurchased approximately 953,000 shares at an average price of $34.07 per share [24] - The introduction of new services like Insight business VPN for SMBs is expected to enhance offerings [47] Q&A Session Summary Question: Supply constraints and destocking dynamics - Management clarified that SMB is facing shortages while destocking is primarily on the Connected Home side, with expectations to continue destocking in Q4 [58][61] Question: Competitive dynamics with cybersecurity firms - Management noted that their target customers differ from those of cybersecurity firms, focusing on the premium segment where they have technological advantages [62][66] Question: Unit shipments and market share - Management confirmed that unit shipments were 3.4 million, with a decrease in market share from 52% in 2019 to 46% [73][74] Question: Growth outlook for premium and super premium segments - Management indicated that the premium segment is growing rapidly, with expectations for it to become a larger portion of total revenue in the next two to three years [86][88]

orbi orbi orbi NETGEAR® Investor Overview July 2021 SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-loo ...

NETGEAR, Inc. (NASDAQ:NTGR) Q2 2021 Earnings Conference Call July 21, 2021 5:00 PM ET Company Participants Erik Bylin - Investor Relations Patrick Lo - Chairman and Chief Executive Officer Bryan Murray - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Jeffrey Rand - Deutsche Bank Hamed Khorsand - BWS Financial Paul Silverstein - Cowen Operator Ladies and gentlemen, thank you for standing by. [Operator Instructions] I would now like to turn the conference over to Erik Bylin. ...

orbi orbi orbi 'NNOVATI NETGEAR® Investor Overview NETGEAR April 2021 SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-lookin ...

NETGEAR, Inc. (NASDAQ:NTGR) Q1 2021 Results Conference Call April 21, 2021 5:00 PM ET Company Participants Erik Bylin - IR Patrick Lo - Chairman and CEO Bryan Murray - CFO Conference Call Participants Jeffrey Rand - Deutsche Bank Hamed Khorsand - BWS Financial Woo Jin Ho - Bloomberg Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] I would now like to turn the confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 000-50350 _ NETGEAR, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I ...

orbi orbi orbi INNOVAT NETGEAR® Investor Overview NETGEAR February 2021 SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-look ...

NETGEAR, Inc. (NASDAQ:NTGR) Q4 2020 Earnings Conference Call February 3, 2021 5:00 PM ET Company Participants Erik Bylin - IR Executive Bryan Murray - CFO C. S. Lo - Co-Founder, Chairman & CEO Conference Call Participants Adam Tindle - Raymond James & Associates Hamed Khorsand - BWS Financial Jeffrey Rand - Deutsche Bank Paul Silverstein - Cowen and Company Woo Jin Ho - Bloomberg Intelligence Operator Ladies and gentlemen, thank you for standing by. [Operator Instructions]. I would now like to turn the conf ...