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Revenue (Tables)
3 Months Ended
Mar. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Remaining Performance Obligations

 

(In thousands)

 

Less than 1 year

 

 

1 to 2 years

 

 

Beyond 2 years

 

 

Total

 

Performance obligations

 

$

63,662

 

 

$

2,916

 

 

$

2,120

 

 

$

68,698

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

March 30, 2025

 

 

December 31, 2024

 

Accounts receivable, net

 

Accounts receivable, net

 

$

142,706

 

 

$

156,210

 

Contract liabilities – current

 

Deferred revenue

 

$

30,236

 

 

$

30,261

 

Contract liabilities – non-current

 

Other non-current liabilities

 

$

4,962

 

 

$

5,101

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel

In the following tables, 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 tables also include reconciliations of the disaggregated revenue by reportable segment. As disclosed above, effective January 1, 2025, the Company operates and reports in three segments: NETGEAR for Business, Home Networking and Mobile. The prior-year segment financial information has been recast to conform to the current-year presentation. Sales and usage-based taxes are excluded from net revenue.

 

 

Three Months Ended

 

 

 

March 30, 2025

 

 

March 31, 2024

 

(In thousands)

 

NETGEAR for Business

 

 

Home Networking

 

 

Mobile

 

 

Total

 

 

NETGEAR for Business

 

 

Home Networking

 

 

Mobile

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

40,481

 

 

$

52,539

 

 

$

14,741

 

 

$

107,761

 

 

$

31,933

 

 

$

55,731

 

 

$

22,264

 

 

$

109,928

 

EMEA

 

 

24,339

 

 

 

5,182

 

 

 

2,608

 

 

 

32,129

 

 

 

23,177

 

 

 

5,035

 

 

 

2,975

 

 

 

31,187

 

APAC

 

 

14,371

 

 

 

3,666

 

 

 

4,133

 

 

 

22,170

 

 

 

13,513

 

 

 

6,458

 

 

 

3,500

 

 

 

23,471

 

Total

 

$

79,191

 

 

$

61,387

 

 

$

21,482

 

 

$

162,060

 

 

$

68,623

 

 

$

67,224

 

 

$

28,739

 

 

$

164,586

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

270

 

 

$

719

 

 

$

16,951

 

 

$

17,940

 

 

$

243

 

 

$

4,615

 

 

$

22,938

 

 

$

27,796

 

Non-service provider

 

 

78,921

 

 

 

60,668

 

 

 

4,531

 

 

 

144,120

 

 

 

68,380

 

 

 

62,609

 

 

 

5,801

 

 

 

136,790

 

Total

 

$

79,191

 

 

$

61,387

 

 

$

21,482

 

 

$

162,060

 

 

$

68,623

 

 

$

67,224

 

 

$

28,739

 

 

$

164,586

 

_____________________________

(1) No individual foreign country represented more than 10% of the Companys total net revenue in the periods presented.