Netgear Statistics By Revenue, Segment, Job and Salary

Introduction

Netgear statistics: Netgear is a San Jose, California-based organization that owns offices in 22 different nations. It manufactures networking hardware for service providers, businesses, and even individual customers. The organization works under three sections, namely, commercial, retail, and as a service provider. Netgear includes a variety of products that use highly-used technologies like wireless WiFi and LTE.

The computer network and the power line aim towards solidity and simplicity of use. Netgear’s products include wireless and wired devices for access to broadband and network connections, and they are also available in various layouts to address the needs of the customer in every terrestrial area and sector where the company’s outcomes are sold. Let’s shed more light on the Netgear statistics through this article.

Editor’s Choice

• Production mainly takes place in mainland China, Vietnam, and Indonesia, with occasional pilot and low-volume manufacturing in Taiwan.
• The company’s subscriber base for services like Netgear Armor and Meural grew by 33% annually, reaching 584,000 users.
• In 2023, Netgear invested USD 83.3 million in research and development (R&D).
• For the first quarter of 2024, we expect GAAP tax expense to be between $6.5 million and $7.5 million and non-GAAP tax benefit to be between $0.0 and $1.0 million.
• Paid Subscribers: 877,000, with Q4 service revenue growing by 27.7% compared to the previous year.
• In 2023, NETGEAR earned about USD 740.84 million in Revenue, down from USD 932.47 million in 2022.
• In 2023, NETGEAR’s total Revenue reached about $740.84 million, with approximately $445.87 million coming from the Connected Home segment. For 2022, Revenue from NETGEAR’s Connected Home segment was USD 558.82 million.

NETGEAR, Inc

Since 1996, NETGEAR® (NASDAQ: NTGR) has been a leader in connecting people to the internet using advanced networking technology. They provide solutions for homes, businesses, and service providers globally. NETGEAR offers products that cater to the needs of remote work, distance learning, UHD streaming, online gaming, and more.

Their range includes user-friendly Orbi Mesh WIFI systems, Nighthawk WIFI routers, cable modems, mobile wireless devices, and cloud-based subscription services for enhanced control and security. Additionally, NETGEAR specializes in smart networking products and video over Ethernet solutions for professional A.V. applications, supporting collaboration and access to information and entertainment.

Router Analytics Data Collection For the Netgear Router

NETGEAR has updated its router firmware to gather technical data for analytics, which helps NETGEAR improve its products. The data includes device performance and network usage. Participation in this program might be optional. It aims to enhance user experience and product reliability. Users should check if they can opt out.

• NETGEAR gathers technical data from its routers to make its products work better.
• This data includes details like how the router is running, what devices are connected to it, the types of connections being used, whether the LAN (local area network) and WAN (wide area network) are working, and specifics about the WIFI, like which bands and channels are in use.
• They also collect basic information like IP addresses, MAC addresses, and serial numbers. This helps NETGEAR quickly find and fix problems with its routers, improve their functionality, and make them easier to use.
• It’s important to note that NETGEAR doesn’t track or collect information about which websites you visit or what data is flowing through your network.

Netgear Data Collection Purposes

• Netgear uses the information and gathers it to improve NETGEAR goods and services. Details such as WIFI bands and channels, and use information that helps us enhance functionality and total performance.
• When providing customer support, information like your I.P. address, counting number, and debug logs help us quickly locate and fix technical issues.
• To prevent fraud and ensure security, Netgear may analyze your type of device, software version, and location information.
• Furthermore, understanding your device type and how you use our products helps them suggest other products or services that might interest you.

Netgear Data Collection Type

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Software and Electronic Network Actions Information

Netgear Revenue Statistics

(Reference: statista.com)

• In 2023, NETGEAR earned about USD 740.84 million in Revenue, down from USD 932.47 million in 2022. Most of this Revenue, approximately USD 446.87 million, came from the Connected Home segment.

(Reference: statista.com)

• The above chart shows Netgear’s Revenue globally between 2016 and 2023, segmented into millions of U.S. dollars.
• In 2023, NETGEAR’s total Revenue reached about $740.84 million, with approximately $445.87 million coming from the Connected Home segment. For 2022, Revenue from NETGEAR’s Connected Home segment was USD 558.82 million.

NETGEAR, Inc. (NASDAQ: NTGR), a global company specializing in networking and Internet-connected products, reported its financial performance for the fourth quarter and full year ending December 31, 2023:

• Q4 Net Revenue: $188.7 million, which was at the higher end of expectations.
• Q4 GAAP Gross Margin: 34.8%; Non-GAAP Gross Margin: 35.0%.
• Paid Subscribers: 877,000, with Q4 service revenue growing by 27.7% compared to the previous year.
• Cash and Short-term Investments: Increased by $55.6 million compared to the previous quarter.
• In the chart below, we can see the Netgear revenue, net income, and  EBITDA data.

(Source: finance.yahoo.com)

For the full year 2023:

• Net Revenue: $740.8 million, a decrease of 20.6% from the prior year.
• GAAP Operating Loss: $33.3 million, or (4.5) % of net Revenue.
• Non-GAAP Operating Loss: $9.9 million, or (1.3) % of net Revenue.
• GAAP Net Loss per Diluted Share: $3.57.
• Non-GAAP Net Loss per Diluted Share: $0.03.

These results highlight NETGEAR’s financial performance despite market challenges. They are making efforts to maintain profitability and grow their subscriber base in services.

Netgear Business Outlook

(Reference: statista.com)

In 2023, Netgear invested USD 83.3 million in research and development (R&D). This amount was lower than the USD 88.44 million spent on R&D in 2021, which was the highest expenditure observed during this period. Top of Form

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• Revenue from the service provider channel is forecasted to be around $25 million in the first quarter.
• With high interest rates persisting, Netgear will work closely with our SMB channel partners to optimize their inventory levels in the coming quarters. As a result, they anticipate first-quarter net Revenue to be between $155 million and $170 million.
• As they make progress in reducing our inventory, we will use up more expensive inventory.
• They expect inventory costs to return to normal by the second half of this year.
• Therefore, our first-quarter GAAP operating margin is projected to range from 11.4% to 8.4%, and our non-GAAP operating margin from 8.5% to 5.5%.
• For the first quarter of 2024, we expect the AAP tax expense to be between $6.5 million and $7.5 million and the non-GAAP tax benefit to be between $0.0 and $1.0 million.
• They anticipate continuing to generate significant cash in the first quarter of 2024.”

Here’s the Business Outlook reconciliation in simple language with USD and % signs where needed:

• Our business outlook does not account for estimates of unforeseen income and expenses that could arise late in a quarter. These include items like litigation reserves, charges related to acquisitions, impairment charges, restructuring costs, and other unexpected expenses.
• Additionally, it excludes discrete tax benefits or detriments that cannot be predicted, such as adjustments related to equity awards or uncertain tax position resolutions.
• These types of new material income and expenses could have a significant impact on our guidance and future GAAP financial results.

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Netgear Valuation Measures

 Netgear Routers

Certain vulnerabilities were discovered on the NETGEAR Nighthawk WiFi 6 Router (RAX30 AX2400) and possibly other NETGEAR router models. Firmware version 1.0.10.94 has identified and resolved these vulnerabilities.

Netgear Segment Statistics

• Netgear experienced difficulties fulfilling orders for exclusive SMB goods due to the factory closing below the Omicron variant of COVID-19.
• Operating margins decreased because of huge freight revenue—more air shipments were necessary to compensate for delays caused by the variant—and increased component costs due to shortages in the supply chain Top of Form.

(Source: counterpointresearch.com)

• In 2021, Netgear’s SMB segment performed strongly despite supply challenges. It grew by 15% in contrast to before the pandemic, driven by high demand for exclusive wireless solutions.
• The company’s subscriber count for services like Meural and Netgear Armor has grown by 33% annually, reaching 584,000 users.
• Although Netgear’s focus on exclusive products boosted revenues in the exclusive consumer section by 10% year over year in 2021, supply constraints affected overall revenues.
• Both ORBI Mesh systems and Nighthawk WiFi 6 routers, including gaming and non-gaming models, were particularly popular.
• Regionally, APAC grew by almost 4.4% year-over-year, while the American and Europe regions witnessed a downfall of 38.6% and 25.8%.
• Despite a strong import for SMB goods in each region, it couldn’t fully offset losses in the customer section.
• In Q4 of 2021, Netgear shipped almost  7 million units, a significant portion of which were gateways and routers.
• Wireless goods remained the main revenue driver, contributing 58% of the entire cost in 2021 and remaining a focal point for the company in 2022.
• Netgear introduced a new cloud-based video analytics answer called ProAV, which also saw significant demand.
• However, Netgear faced challenges in its retail and service givers ways due to ongoing supply shortages.

Netgear Jobs and Salary Statistics

The table below shows the job postings citing NETGEAR as a proportion of all the IIT job advertisements between  2005 and 2024, respectively.

(Source: itjobswatch.co.uk)

• Below is a summary table of statistics for permanent job openings that require familiarity with NETGEAR products and services.
• It includes a comparison of annual salaries offered in positions mentioning NETGEAR over the past six months leading up to June 19, 2024, against the same period in the previous two years.
• These figures provide a snapshot of the I.T. job market in general and do not specifically reflect salaries within NETGEAR Inc.

In the chart below, we can see the NETGEAR salary trends and the 3-month moving average salary quoted in the job citing Netgear.

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(Source: itjobswatch.co.uk)

Netgear top 6 job locations—The following table reviews the demand and provides a median salary guide for I.T. jobs referencing NETGEAR in the U.K. over the six months ending June 19, 2024. The “Rank Change” column indicates the shift in demand compared to the same period last year.

Netgear Manufacturing

• The 25% tariffs did not impact Netgear on Chinese imports imposed by U.S. President Donald Trump. Due to its outsourced manufacturing model, the company could relocate its production lines from China to Vietnam, Thailand, and Indonesia as needed.
• Due to its outsourced manufacturing model, the company could relocate its manufacturing lines from China to Vietnam, Thailand, and Indonesia as needed.
• Production mainly takes place in mainland China, Vietnam, and Indonesia, with occasional pilot and low-level production in Taiwan.
• To uphold quality levels, Netgear has initiated its goods quality company, which is headquartered in China.
• This team oversees audits and inspections of process and product quality at Original Design Manufacturers (ODMs) and Joint Development Manufacturers (JDMs).
• The 25% tariffs on Chinese imports imposed by U.S. President Donald Trump.

Conclusion

As of 2020, Netgear products were sold in around 24,000 retail stores worldwide. They were also distributed through approximately 19,000 value-added resellers and were available via several major cable, mobile, and wireline service providers globally. At NETGEAR, they specialize in providing networking, storage, and security solutions that prioritize simplicity and affordability.

Their extensive range of reliable networking products is designed for easy installation and maintenance, ensuring cost-effective I.T. solutions. We have shed enough light on the “Netgear Statistics.”

Pramod Pawar

Pramod Pawar brings over a decade of SEO expertise to his role as the co-founder of 11Press and Prudour Market Research firm. A B.E. IT graduate from Shivaji University, Pramod has honed his skills in analyzing and writing about statistics pertinent to technology and science. His deep understanding of digital strategies enhances the impactful insights he provides through his work. Outside of his professional endeavors, Pramod enjoys playing cricket and delving into books across various genres, enriching his knowledge and staying inspired. His diverse experiences and interests fuel his innovative approach to statistical research and content creation.

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