What is Netgear's operating margin?

Netgear (NTGR) reported operating margin of -5% in Q1 2026.

What is the long-term trend for Netgear's operating margin?

Over 4 years (2020 to 2025), Netgear's operating margin has grown at a -5.1% compound annual growth rate (CAGR), from 6% to -4.9%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Netgear NTGR Operating margin

Operating margin at other companies

Cisco Systems, Inc.CSCO

23.4%+3.1pp

AmazonAMZN

11.5%+0.5pp

FortinetFTNT

31.1%-0.4pp

Palo Alto Networks, Inc.PANW

9.6%-1.5pp

Ubiquiti Inc.UI

35.8%+5.0pp

Arista NetworksANET

42.8%+0.5pp

Other financials

Income statement

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Revenue$158.8M-2.0%

Gross profit$64.3M+14.2%

Operating income-$13.6M-6.2%

Net income-$13.0M-116%

EPS (diluted)-$0.47-124%

Balance sheet

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Cash & equivalents$183.5M-32.0%

Total debt$48.1M+69.8%

Total assets$801.9M-1.5%

Cash flow

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Operating cash flow$1.6M+119%

CapEx$3.8M+174%

Free cash flow-$2.2M+78.5%

Valuation

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Market cap$611.41M-20.0%

Enterprise value$476.03M-9.0%

P/S0.9×-0.3×

Profitability

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Gross margin39.4%+9.0pp

Net margin-3.6%—

FCF margin-1.9%-30.0pp

Returns & leverage

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Return on equity0.9%—

Debt / equity0.1×—

Current ratio2.6×-0.4×

Where this comes from

Calculated from Netgear’s reported figures.

operating income/total revenue=-5%

Based on trailing twelve months.

The official record: Netgear’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netgear's operating margin?: Netgear (NTGR) reported operating margin of -5% in Q1 2026.
What is the long-term trend for Netgear's operating margin?: Over 4 years (2020 to 2025), Netgear's operating margin has grown at a -5.1% compound annual growth rate (CAGR), from 6% to -4.9%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.