NETGEAR Inc 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934.For the quarterly period endedJune 29,2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934.For the transition period fromto Commission file number:000-50350NETGEAR, Inc.(Exact name of registrant as specified in its charter) (408)907-8000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,”“smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated filerNon-Accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of outstanding shares of the registrant’s Common Stock, $0.001 par value, was29,008,557as of July 25, 2025. TABLE OFCONTENTS PART I: FINANCIAL INFORMATION Item 1.Financial StatementsUnaudited Condensed Consolidated Balance SheetsUnaudited Condensed Consolidated Statements of OperationsUnaudited Condensed Consolidated Statements of Comprehensive Income (Loss)Unaudited Condensed Consolidated Statements of Stockholders' EquityUnaudited Condensed Consolidated Statements of Cash FlowsNotes to Unaudited Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPART II: OTHER INFORMATION Item 1.Item 1A.Item 2.Item 3.Item 4.Item 5.Item 6.Signatures Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibits PART I: FINANCIAL INFORMATION NETGEAR, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) NETGEAR, INC. NETGEAR, INC. NETGEAR, INC. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. NETGEAR, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) NETGEAR, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1. The Company andBasis of Presentation NETGEAR, Inc. (“NETGEAR” or the “Company”) was incorporated in Delaware in January 1996. The Company is a globalleader in innovative and advanced networking technologies for businesses, homes, and service providers. The Company delivers awide range of intelligent solutions designed to unleash the full potential of connectivity. Its highly differentiated connectedsolutions range from switching and wireless products to augment business networks and audio and video (“AV”) over Ethernet forPro AV applications to the good, better, and best WiFi solutions, security and support services to protect and enhance business andhome networks. Additionally, the Company continually invests in research and development to create new technologies andservices and to capitalize on technological inflection points and trends, such as audio and video over Ethernet, multi-Gigabitinternet service to homes, WiFi 7, eSIM and future technologies. Its product line helps to create and extend wired and wirelessnetworks as well as devices that attach to the network, such as services that complement and enhance its product line offerings.These products are available in multiple configurations to address the changing needs of our customers in each geographic region. The Company sells networking products through multiple sales channels worldwide, including traditional retailers, onlineretailers, wholesale distributors, direct market resellers (“DMRs”), value-added resellers (“VARs”), broadband service providersand its direct online store atwww.netgear.com. The accompanying unaudited condensed consolidated finan