NETGEAR Inc 2026年季度报告

For the quarterly period ended March 29, 2026or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934. 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 file 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 shorter 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,” 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).No☒ The number of outstanding shares of the registrant’s Common Stock, $0.001 par value, was 26,839,903 as of April 24, 2026. PART I: FINANCIAL INFORMATION NETGEAR, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data) NETGEAR, INC. NETGEAR, INC. NETGEAR, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1. The Company and Basis of Presentation NETGEAR, Inc. (“NETGEAR” or the “Company”) was incorporated in Delaware in January 1996. The Company is a globalprovider of networking technologies for businesses, homes, and service providers. The Company delivers a wide range ofnetworking hardware, software, and services designed to enable reliable connectivity and security. Its connected solutions rangefrom switching and wireless products that support audio and video (“AV”) over Ethernet for Pro AV applications and businessnetworks to WiFi networking solutions, security and support services for enterprise and home networks. Additionally, the Company The Company sells networking products through multiple sales channels worldwide, including traditional retailers, onlineretailers, wholesale distributors, direct market resellers (“DMRs”), managed service providers (“MSPs”), broadband service The accompanying unaudited condensed consolidated financial statements include the accounts of NETGEAR, Inc. and itswholly owned subsidiaries. They have been prepared in accordance with established guidelines for interim financial reporting andthe instructions of Form 10-Q and Article 10 of Regulation S-X. All intercompany balances and transactions have been eliminatedin consolidation. The balance sheet dated December 31, 2025, has been derived from audited financial statements at such date.These unaudited condensed consolidated financial statements do not include all of the information and footnotes typically found inthe audited consolidated financial statements and footnotes thereto included in the Annual Report on Form 10-K. In the opinion of The Company's fiscal year begins on January 1 of the year stated and ends on December 31 of the same year. The Companyreports its results on a fiscal quarter basis rather than on a calendar quarter basis. Under the fiscal quarter basis, each of the first The preparation of financial statements in conformity with accounting principles generally accepted in the United Statesrequires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) thedisclosure of contingent assets and liabilities at the date of the financial statements, and (iii) the reported amounts of net revenueand expenses during the reported period. The Company bases these estimates on historical and anticipated results, trends andvarious other assumptions that it believes are reasonable under the circumstances. As of the date of issuance of these condensedconsolidated financial statements, the Company is not aware of any specific event or circumstance that would require it to update Segments The Company has two reportable segments: Enterprise and Consumer. During 2025, the Company realigned its reportablesegments twice. Effective the first quarter of 2025, the Company separated the former Connected Home segment into HomeNetworking and Mobile, resulting in three reportable segments during the first three fiscal quarters of 2025: NETGEAR forBusiness, Home Networking, and Mobile. Beginning in the fourth quarter of 2025, the Company combined Home Networking and NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (loss) from operati