NASDAQ$NTGR
NETGEAR Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported record quarterly earnings per share and a revenue increase of 42% year over year.
NETGEAR reported strong Q3 2020 results, with revenue of $378.1 million, a 42.2% increase year-over-year, and record earnings per share. The company's performance was driven by robust demand for WiFi and effective supply chain management.
- Third quarter net revenue increased by 42.2% year-over-year to $378.1 million.
- GAAP operating income was $32.2 million, representing 8.5% of net revenue.
- GAAP net income per diluted share reached $0.83, compared to $0.39 in the prior year quarter.
- Non-GAAP net income per diluted share was $1.13, up from $0.65 in the same quarter last year.
Headline financials
Revenue & EPS history
NETGEAR · Revenue · Quarterly
$378M
Forward guidance
NETGEAR expects continued strength in end market demand for home networks, but has suspended giving guidance for Q4 2020 due to uncertainty around the effects of COVID-19 and the risk of supply chain disruption.
Tailwinds
- Continued strength in end market demand for home networks.
- Strong liquidity.
- Ability to generate cash.
- Well positioned to serve the demand trends.
- Adapting SMB offerings to drive more sophisticated home office setups.
Headwinds
- New cases of COVID-19 have reaccelerated across many countries.
- Considerable uncertainty around the effects on major markets.
- Difficult to forecast business.
- Heightens the risk of supply chain disruption.
- Full economic impact and duration of the current pandemic remain unclear.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.9%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-3.7%
Avg return
30 days after
38%
25 / 65 earnings
Positive
+30.6%
Q3 2015
Best reaction
-20.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | -1.0% | +0.3% | |
| Q4 2025 | -1.5% | +2.2% | +0.5% | |
| Q3 2025 | +1.1% | -11.4% | -21.3% | |
| Q1 2025 | +16.1% | +13.9% | +21.6% | |
| Q4 2024 | +1.3% | +9.8% | -17.2% | |
| Q3 2024 | +7.2% | +13.4% | +20.4% | |
| Q2 2024 | +2.5% | -9.0% | +1.2% | |
| Q1 2024 | -20.3% | -18.4% | -6.6% | |
| Q4 2023 | -7.8% | -2.7% | +3.3% | |
| Q3 2023 | +14.1% | +14.6% | +18.9% | |
| Q2 2023 | -2.1% | -4.2% | -10.5% | |
| Q1 2023 | -13.1% | -13.9% | -16.4% | |
| Q4 2022 | -3.3% | -2.3% | -8.8% | |
| Q3 2022 | -10.0% | -9.7% | -11.3% | |
| Q2 2022 | +26.0% | +31.0% | +21.0% | |
| Q1 2022 | -0.0% | -1.1% | -12.4% | |
| Q4 2021 | +1.4% | -5.1% | -5.2% | |
| Q3 2021 | -4.0% | -5.7% | -15.7% | |
| Q2 2021 | -9.0% | -6.2% | -4.5% | |
| Q1 2021 | -2.5% | +3.2% | +1.9% | |
| Q4 2020 | -7.9% | -3.5% | -11.3% | |
| Q3 2020 | -1.8% | -5.6% | -13.4% | |
| Q2 2020 | +5.4% | +0.1% | +11.2% | |
| Q1 2020 | -7.9% | -3.2% | +7.6% | |
| Q4 2019 | -4.1% | -10.5% | -27.7% | |
| Q3 2019 | -18.5% | -14.5% | -21.9% | |
| Q2 2019 | +23.4% | +24.3% | +21.2% | |
| Q1 2019 | -15.6% | -11.3% | -26.1% | |
| Q4 2018 | -3.8% | -0.5% | -10.9% | |
| Q3 2018 | -1.6% | -2.2% | -4.0% | |
| Q2 2018 | -13.3% | -8.6% | -7.2% | |
| Q1 2018 | -14.1% | -11.2% | -3.1% | |
| Q4 2017 | -13.7% | -11.0% | -11.5% | |
| Q3 2017 | -4.5% | -5.4% | +0.0% | |
| Q2 2017 | +10.9% | +7.8% | +6.9% | |
| Q1 2017 | -12.3% | -10.8% | -19.7% | |
| Q4 2016 | -6.6% | -5.1% | -7.3% | |
| Q3 2016 | -5.8% | -5.5% | -1.9% | |
| Q2 2016 | +6.0% | +6.9% | +15.5% | |
| Q1 2016 | +11.6% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | +30.6% | — | — | |
| Q2 2015 | +17.1% | — | — | |
| Q1 2015 | -9.5% | — | — | |
| Q4 2014 | -9.6% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | -7.6% | — | — | |
| Q1 2014 | -5.8% | — | — | |
| Q4 2013 | +4.9% | — | — | |
| Q3 2013 | -8.9% | — | — | |
| Q2 2013 | -9.0% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | -9.9% | — | — | |
| Q3 2012 | -4.4% | — | — | |
| Q2 2012 | +2.8% | — | — | |
| Q1 2011 | -0.8% | — | — | |
| Q1 2012 | +16.0% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q4 2009 | -1.2% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q3 2011 | +1.8% | — | — | |
| Q4 2010 | +3.3% | — | — | |
| Q2 2011 | +3.3% | — | — | |
| Q2 2010 | +3.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro