NETGEAR, INC.(NTGR)Stock Analysis
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Rank #2,220 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NTGR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NETGEAR, INC. (NTGR), a Technology sector company. 13F Pro's AI-powered ranking engine scores NTGR at 33.8/100 on a 32-signal composite quality model, placing it at rank #2,220 of 2,879 stocks — the bottom half of the AI-ranked universe. NTGR scores in the top quartile across institutional flow (92.5). Areas of concern include free cash flow (23.5) and revenue growth (23.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 28.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NETGEAR, INC. reports quarterly revenue of $158.8M, net income of $-13.0M, an operating margin of -8.6%. Top institutional holders of NTGR by reported 13-F value include BlackRock,, BRANDES INVESTMENT PARTNERS,, Windward Management, based on the most recent SEC filings. NTGR trades on the Nasdaq exchange and files with the SEC under CIK 1122904. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NTGR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NETGEAR, INC. directly from SEC EDGAR. NETGEAR, INC.'s 13F Pro composite quality score has ranged between 8 and 61 since 2021, currently 33.8 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$158.8M
Net Income
Q1 2026
$-13.0M
Free Cash Flow
Q1 2026
$-2.2M
Operating Margin
Q1 2026
-8.6%
ROIC
Q1 2026
-2.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+3.8% YoYNet Income
-250.0% YoYOperating Income
-379.6% YoYEPS (Diluted)
-250.0% YoYTotal Assets
-1.6% YoYOp. Cash Flow
-99.0% YoY| Metric | FY 2025 | FY 2024 | FY 2019 | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|
| Revenue | $699.6M +3.8% | $673.8M -32.5% | $998.8M -5.7% | $1.06B -24.7% | $1.41B +8.2% | $1.30B |
| Net Income | $-18.0M -250.0% | $12.0M -53.5% | $25.8M +381.5% | $-9.2M -147.1% | $19.4M -60.0% | $48.6M |
| Operating Income | $-34.2M -379.6% | $12.2M -53.4% | $26.2M -32.4% | $38.7M -9.0% | $42.6M -50.1% | $85.4M |
| EPS (Diluted) | $-0.63 -250.0% | $0.42 -48.1% | $0.81 +389.3% | $-0.28 -145.9% | $0.61 -57.6% | $1.44 |
| Total Assets | $836.3M -1.6% | $850.2M -11.0% | $955.8M -11.7% | $1.08B -11.1% | $1.22B +15.8% | $1.05B |
| Operating Cash Flow | $1.6M -99.0% | $164.8M +1118.5% | $13.5M +113.1% | $-103.2M -217.9% | $87.5M -21.3% | $111.2M |
AI Insight: NTGR Financial Trends
NETGEAR posts eight consecutive quarters of operating losses ex-Q3 2024 anomaly, with equity eroding $88M over the past year.
• Operating losses narrowed from -$47M in Q2 2024 to -$5M in Q4 2025, suggesting gradual cost improvement.
• Equity has declined steadily from $550M in Q3 2024 to $471M in Q1 2026, a $79M erosion in five quarters.
• Operating cash flow turned deeply negative in Q1–Q3 2025 (-$9M, -$2M, -$7M) after strong $108M in Q3 2024.
• Revenue has been range-bound between $159M–$185M across all eight quarters, showing no meaningful growth trajectory.
⚠ Q1 2026 net loss widened to -$13M and op loss to -$14M, reversing the Q4 2025 improvement trend — a concerning reversal.
⚠ Operating cash flow recovered to $20M in Q4 2025 but collapsed to $2M in Q1 2026 — sustainability is unproven.
⚠ Total debt data is absent across all periods; visibility into leverage and liquidity cushion remains unclear.
AI Insight: NTGR Ratio Trends
NETGEAR's margin recovery stalled sharply in Q1 2026, reversing four consecutive quarters of improvement from a deeply negative base.
• Operating margin improved steadily from -8.3% in Q4 2024 to -2.6% in Q4 2025, marking four straight quarters of sequential improvement.
• Q1 2026 operating margin deteriorated to -8.6%, the worst reading since Q4 2024, erasing the prior trend entirely.
• ROIC followed the same arc: improving from -40.8% in Q2 2024 to -3.8% in Q4 2025, then collapsing to -11.5% in Q1 2026.
• Q3 2024 shows an extreme outlier — 52.4% operating margin and 69.6% ROIC — likely reflecting a large one-time gain distorting the series.
⚠ Q1 2026 NPM of -8.2% is the sharpest net loss rate since Q4 2024; confirms the Q4 2025 sequential improvement was not sustained.
⚠ D/E data is absent across all periods, limiting leverage and balance-sheet risk assessment for investors.
⚠ Whether Q1 2026 weakness is seasonal or structural is the key near-term question; Q2 2025 vs. Q2 2026 comparison will be pivotal.
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Available Research
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Top Institutional Holders of NTGR
BlackRock, Inc.
$75.1M3,436,742 shBRANDES INVESTMENT PARTNERS, LP
$65.6M3,001,669 shWindward Management LP
$31.8M1,455,914 shVANGUARD PORTFOLIO MANAGEMENT LLC
$28.1M1,286,704 shVANGUARD CAPITAL MANAGEMENT LLC
$26.5M1,212,843 shDIMENSIONAL FUND ADVISORS LP
$24.3M1,112,860 shSTATE STREET CORP
$20.5M936,634 shGOLDMAN SACHS GROUP INC
$15.7M718,951 shGEODE CAPITAL MANAGEMENT, LLC
$15.3M699,488 shJACOBS LEVY EQUITY MANAGEMENT, INC
$15.0M684,684 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $75.1M | 3,436,742 |
| BRANDES INVESTMENT PARTNERS, LP | $65.6M | 3,001,669 |
| Windward Management LP | $31.8M | 1,455,914 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $28.1M | 1,286,704 |
| VANGUARD CAPITAL MANAGEMENT LLC | $26.5M | 1,212,843 |
| DIMENSIONAL FUND ADVISORS LP | $24.3M | 1,112,860 |
| STATE STREET CORP | $20.5M | 936,634 |
| GOLDMAN SACHS GROUP INC | $15.7M | 718,951 |
| GEODE CAPITAL MANAGEMENT, LLC | $15.3M | 699,488 |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $15.0M | 684,684 |
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Popular Research
Is NTGR a good stock to buy?
13F Pro's AI-powered analysis of NETGEAR, INC. (NTGR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NTGR are available on the NTGR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NTGR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NTGR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NETGEAR, INC.'s investment landscape.