NETGEAR Reports Q1 Revenue Decline but Achieves Record Profitability
NETGEAR reported Q1 revenue of $158.8 million, a 2% year-over-year decline, but achieved record profitability with a non-GAAP gross margin of 41.7% and non-GAAP EPS of $0.06. The enterprise segment showed growth, while the consumer segment faced challenges due to memory cost pressures.
Tickers: $NTGR
Topics: buybacks consumer segment earnings enterprise business profitability revenue