Netgear sees Q1 revenue $145M-$160M, consensus $169.38M

The company said: “Accordingly, we expect first quarter net revenue to be in the range of $145 million to $160 million. In the first quarter we expect to maintain the gross margin performance experienced in the recent fourth quarter, however with our seasonally lower topline we expect our first quarter GAAP operating margin to be in the range of (16.4)% to (13.4)%, and non-GAAP operating margin to be in the range of (10.0)% to (7.0)%. Our GAAP tax expense is expected to be in the range of $1.0 million to $2.0 million, and our non-GAAP tax benefit is expected to be in the range of $0.5 million to $1.5 million for the first quarter of 2025.”