NETGEAR Non-GAAP EPS of -$0.03 beats by $0.05, revenue of $249.1M beats by $5.58M
Feb. 01, 2023 4:16 PM ETNETGEAR, Inc. (NTGR)By: Pranav Ghumatkar, SA News Editor
- NETGEAR press release (NASDAQ:NTGR): Q4 Non-GAAP EPS of -$0.03 beats by $0.05.
- Revenue of $249.1M (-0.8% Y/Y) beats by $5.58M.
- SMB business delivers record quarterly and annual revenue; Q4 surpasses $100 million for 29.9% year over year growth contributing to 18.8% growth for the full year
- 747,000 paid subscribers for 27.9% growth year over year.
- Outlook: Accordingly, our GAAP operating margin for the first quarter is expected to be in the range of (4.7)% to (3.7)%, and non-GAAP operating margin is expected to be in the range of (2.0)% to (1.0)%. Our GAAP tax rate is expected to be approximately 30.0%, and our non-GAAP tax rate is expected to be 5.0% for the first quarter of 2023.