Netgear Q4 rev. flat YoY, GAAP gross margin up 780 bps YoY to 40.4%.

• NETGEAR reports Q4 revenue of $182.5mln, flat YoY • Q4 GAAP gross margin at 40.4%, up 780 bps YoY • Q4 non-GAAP gross margin at 41.2%, up 840 bps YoY • Enterprise segment delivers double-digit revenue growth YoY • Q4 operating margin above guidance • Record high Q4 GAAP gross margin • Q4 non-GAAP gross margin also a record high • Company repurchased $50mln of shares in 2025