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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Remaining Performance Obligations

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of December 31, 2024:

 

(In thousands)

 

Less than 1 year

 

 

1 to 2 years

 

 

Beyond 2 years

 

 

Total

 

Performance obligations

 

$

53,939

 

 

$

3,023

 

 

$

2,128

 

 

$

59,090

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

December 31, 2024

 

 

December 31, 2023

 

Accounts receivable, net

 

Accounts receivable, net

 

$

156,210

 

 

$

185,059

 

Contract liabilities – current

 

Deferred revenue

 

$

30,261

 

 

$

27,091

 

Contract liabilities – non-current

 

Other non-current liabilities

 

$

5,101

 

 

$

4,903

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel

In the following table, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The table also includes reconciliations of the disaggregated revenue by reportable segment. Through 2024, the Company operated and reported in two segments: NETGEAR for Business, and Connected Home. Sales and usage-based taxes are excluded from net revenue.

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

(In thousands)

 

NETGEAR
for Business

 

 

Connected
Home

 

 

Total

 

 

NETGEAR
for Business

 

 

Connected
Home

 

 

Total

 

 

NETGEAR
for Business

 

 

Connected
Home

 

 

Total

 

Geographic regions (1) :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

144,336

 

 

$

311,704

 

 

$

456,040

 

 

$

146,045

 

 

$

358,304

 

 

$

504,349

 

 

$

173,599

 

 

$

443,612

 

 

$

617,211

 

EMEA

 

 

88,782

 

 

 

38,478

 

 

 

127,260

 

 

 

102,839

 

 

 

46,083

 

 

 

148,922

 

 

 

129,626

 

 

 

49,732

 

 

 

179,358

 

APAC

 

 

54,694

 

 

 

35,765

 

 

 

90,459

 

 

 

45,091

 

 

 

42,478

 

 

 

87,569

 

 

 

70,424

 

 

 

65,479

 

 

 

135,903

 

Total

 

$

287,812

 

 

$

385,947

 

 

$

673,759

 

 

$

293,975

 

 

$

446,865

 

 

$

740,840

 

 

$

373,649

 

 

$

558,823

 

 

$

932,472

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

977

 

 

$

90,035

 

 

$

91,012

 

 

$

579

 

 

$

98,659

 

 

$

99,238

 

 

$

4,234

 

 

$

148,331

 

 

$

152,565

 

Non-service provider

 

 

286,835

 

 

 

295,912

 

 

 

582,747

 

 

 

293,396

 

 

 

348,206

 

 

 

641,602

 

 

 

369,415

 

 

 

410,492

 

 

 

779,907

 

Total

 

$

287,812

 

 

$

385,947

 

 

$

673,759

 

 

$

293,975

 

 

$

446,865

 

 

$

740,840

 

 

$

373,649

 

 

$

558,823

 

 

$

932,472