Segment Information (Tables)

6 Months Ended

Jun. 29, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (Loss) Before Income Taxes

Financial information for each reportable segment and a reconciliation of segment contribution income to income (loss) before income taxes is as follows:

	Three Months Ended
	June 29, 2025												June 30, 2024
(In thousands, except percentage data)	NETGEAR for Business			Mobile			Home Networking			Total			NETGEAR for Business			Mobile (2)			Home Networking (2)			Total
Net revenue	$	82,621		$	20,408		$	67,503		$	170,532		$	59,867		$	24,332		$	59,701		$	143,900
Cost of revenue		44,036			14,476			47,586			106,098			39,720			19,081			52,863			111,664
Gross profit		38,585			5,932			19,917			64,434			20,147			5,251			6,838			32,236
Gross margin		46.7	%		29.1	%		29.5	%		37.8	%		33.7	%		21.6	%		11.5	%		22.4	%
Operating expenses		22,623			5,799			16,763			45,185			18,086			6,418			19,465			43,969
Contribution income (loss)		15,962			133			3,154			19,249			2,061			(1,167	)		(12,627	)		(11,733	)
Contribution margin		19.3	%		0.7	%		4.7	%		11.3	%		3.4	%		(4.8	)%		(21.2	)%		(8.2	)%
Corporate and unallocated costs											(20,472	)											(19,350	)
Stock-based compensation expense											(6,675	)											(5,888	)
Acquisition related expenses											(705	)											—
Restructuring and other charges											(862	)											(1,688	)
Litigation reserves, net											(75	)											(8,200	)
Other income, net (1)											3,976												2,713
Loss before income taxes										$	(5,564	)										$	(44,146	)

	Six Months Ended
	June 29, 2025												June 30, 2024
(In thousands, except percentage data)	NETGEAR for Business			Mobile			Home Networking			Total			NETGEAR for Business			Mobile (2)			Home Networking (2)			Total
Net revenue	$	161,812		$	41,890		$	128,890		$	332,592		$	128,490		$	53,071		$	126,925		$	308,486
Cost of revenue		86,566			30,678			94,166			211,410			79,609			42,853			105,186			227,648
Gross profit		75,246			11,212			34,724			121,182			48,881			10,218			21,739			80,838
Gross margin		46.5	%		26.8	%		26.9	%		36.4	%		38.0	%		19.3	%		17.1	%		26.2	%
Operating expenses		41,649			10,822			33,292			85,763			36,916			12,366			39,525			88,807
Contribution income (loss)		33,597			390			1,432			35,419			11,965			(2,148	)		(17,786	)		(7,969	)
Contribution margin		20.8	%		0.9	%		1.1	%		10.6	%		9.3	%		(4.0	)%		(14.0	)%		(2.6	)%
Corporate and unallocated costs											(39,240	)											(39,156	)
Stock-based compensation expense											(12,171	)											(10,432	)
Acquisition related expenses											(705	)											—
Restructuring and other charges											(5,604	)											(2,720	)
Litigation reserves, net											(38	)											(8,230	)
Other income, net (1)											12,147												5,563
Loss before income taxes										$	(10,192	)										$	(62,944	)

(1)Amounts included interest income of $3.1 million and $6.4 million for the three and six months ended June 29, 2025, respectively, and $2.5 million and $5.0 million for the three and six months ended June 30, 2024, respectively. Amounts also included gain/(loss), net from derivatives not designated as hedging instruments of $(2.1) million and $(3.1) million for the three and six months ended June 29, 2025, respectively, and $0.6 million and $2.1 million for the three and six months ended June 30, 2024, respectively. For the six months ended June 29, 2025, the amount also included proceeds of $4.7 million from a sale of patents.

(2)Financial information for the Mobile segment and Home Networking segment in the prior year period were recast to conform to the current reportable segment structure.

Schedule of Net Revenue by Geography

The following table shows net revenue by geography:

	Three Months Ended				Six Months Ended
(In thousands)	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
United States (U.S.)	$	112,762	$	92,794	$	216,801	$	200,083
Americas (excluding U.S.)		3,517		2,709		7,239		5,348
EMEA (1)		34,375		27,355		66,504		58,542
APAC (1)		19,878		21,042		42,048		44,513
Total net revenue	$	170,532	$	143,900	$	332,592	$	308,486

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

Schedule of Long-Lived Asset By Geographic Region

The following table presents the Company’s long-lived assets located in geographic areas, which consist of property and equipment, net, and operating lease right-of-use assets:

(In thousands)	June 29, 2025		December 31, 2024
United States (U.S.)	$	18,605	$	19,057
Canada		4,980		5,573
Americas (excluding U.S. and Canada)		19		39
EMEA		2,883		3,127
Singapore		3,974		4,841
APAC (excluding Singapore) (1)		6,380		6,698
Total	$	36,841	$	39,335

(1)No individual country represented more than 10% of the Company’s total long-lived assets in the periods presented.