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Revenue (Tables)
6 Months Ended
Jun. 29, 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

 

$

74,722

 

 

$

2,846

 

 

$

2,113

 

 

$

79,681

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

June 29, 2025

 

 

December 31, 2024

 

Accounts receivable, net

 

Accounts receivable, net

 

$

144,871

 

 

$

156,210

 

Contract liabilities – current

 

Deferred revenue

 

$

28,881

 

 

$

30,261

 

Contract liabilities – non-current

 

Other non-current liabilities

 

$

4,898

 

 

$

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, Mobile, and Home Networking. 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

 

 

 

June 29, 2025

 

 

June 30, 2024

 

(In thousands)

 

NETGEAR for Business

 

 

Mobile

 

 

Home Networking

 

 

Total

 

 

NETGEAR for Business

 

 

Mobile

 

 

Home Networking

 

 

Total

 

Geographic regions (1) :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

41,690

 

 

$

12,852

 

 

$

61,737

 

 

$

116,279

 

 

$

29,221

 

 

$

15,764

 

 

$

50,518

 

 

$

95,503

 

EMEA

 

 

26,948

 

 

 

4,710

 

 

 

2,717

 

 

 

34,375

 

 

 

18,397

 

 

 

5,072

 

 

 

3,886

 

 

 

27,355

 

APAC

 

 

13,983

 

 

 

2,846

 

 

 

3,049

 

 

 

19,878

 

 

 

12,249

 

 

 

3,496

 

 

 

5,297

 

 

 

21,042

 

Total

 

$

82,621

 

 

$

20,408

 

 

$

67,503

 

 

$

170,532

 

 

$

59,867

 

 

$

24,332

 

 

$

59,701

 

 

$

143,900

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

238

 

 

$

14,311

 

 

$

942

 

 

$

15,491

 

 

$

202

 

 

$

17,724

 

 

$

2,008

 

 

$

19,934

 

Non-service provider

 

 

82,383

 

 

 

6,097

 

 

 

66,561

 

 

 

155,041

 

 

 

59,665

 

 

 

6,608

 

 

 

57,693

 

 

 

123,966

 

Total

 

$

82,621

 

 

$

20,408

 

 

$

67,503

 

 

$

170,532

 

 

$

59,867

 

 

$

24,332

 

 

$

59,701

 

 

$

143,900

 

 

 

Six Months Ended

 

 

 

June 29, 2025

 

 

June 30, 2024

 

(In thousands)

 

NETGEAR for Business

 

 

Mobile

 

 

Home Networking

 

 

Total

 

 

NETGEAR for Business

 

 

Mobile

 

 

Home Networking

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

82,171

 

 

$

27,593

 

 

$

114,276

 

 

$

224,040

 

 

$

61,154

 

 

$

38,028

 

 

$

106,249

 

 

$

205,431

 

EMEA

 

 

51,287

 

 

 

7,318

 

 

 

7,899

 

 

 

66,504

 

 

 

41,574

 

 

 

8,047

 

 

 

8,921

 

 

 

58,542

 

APAC

 

 

28,354

 

 

 

6,979

 

 

 

6,715

 

 

 

42,048

 

 

 

25,762

 

 

 

6,996

 

 

 

11,755

 

 

 

44,513

 

Total

 

$

161,812

 

 

$

41,890

 

 

$

128,890

 

 

$

332,592

 

 

$

128,490

 

 

$

53,071

 

 

$

126,925

 

 

$

308,486

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

508

 

 

$

31,262

 

 

$

1,661

 

 

$

33,431

 

 

$

445

 

 

$

40,662

 

 

$

6,623

 

 

$

47,730

 

Non-service provider

 

 

161,304

 

 

 

10,628

 

 

 

127,229

 

 

 

299,161

 

 

 

128,045

 

 

 

12,409

 

 

 

120,302

 

 

 

260,756

 

Total

 

$

161,812

 

 

$

41,890

 

 

$

128,890

 

 

$

332,592

 

 

$

128,490

 

 

$

53,071

 

 

$

126,925

 

 

$

308,486

 

_____________________________

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