NETGEAR Statistics and Facts

You might know the name NETGEAR from the time you were looking for a Wi-Fi router. But if you have been into the world of computing and networking, you know Wi-Fi routers are just the tip of the iceberg NETGEAR. As a company, NETGEAR has been an industry leader, playing an essential role in residential and business markets. In this article, we have covered some NETGEAR statistics and facts. Shall we begin?

NETGEAR Facts and Corporate Overview

This section shall provide you with an overview of NETGEAR as a company and its corporate activities. We’ll start with some basic history.

A Brief History of NETGEAR

• Before NETGEAR became an independent entity, it was a subsidiary of Bay Networks. The subsidiary started in 1996, and Bay Networks envisaged NETGEAR as a way to provide networking infrastructure for homes and commercial spaces.
• The first product line from NETGEAR included Ethernet hubs, Ethernet switches, and an ISDN router with a terminal adaptor.
• However, in 1998, Bay Networks became a part of Nortel Networks. As a result, NETGEAR became a subsidiary of Nortel, which spun off NETGEAR in 2000, making it an independent corporate entity.

• Following its successful years, the company went public in 2003 through an IPO. It has been listed on the NASDAQ stock exchange. Its ticker sign is NTGR.
• NETGEAR has since acquired multiple companies, including Infrant Technologies and Meural, in 2007 and 2018, respectively. Infrant Technologies gave NETGEAR the push to enter the NAS (network-attached storage) market, whereas Meural was into the digital canvas market.

Global Presence and Operational Footprint

• Even though NETGEAR is headquartered in San Jose, California, the company has an impressive global footprint in terms of sales.
• As of today, the company has a presence in around 22 countries spread across all continents. This global presence has helped NETGEAR become a household name when it comes to networking, both residential and enterprise scenarios.

• Most of the sales for NETGEAR are made through over 24,000 retail locations, in addition to 19,000 resellers across the globe.
• As of 2023, NETGEAR employs 635 individuals. These employees are located in different parts of the world, indicating the company’s widespread operational footprint.
• However, the number of employees has dropped significantly since 2020, a year in which NETGEAR had a total of 823.
• While the number of employees in Sales, marketing, and technical support has remained steady, NETGEAR has cut down the number in Research and Development since 2020.
• International sales have been a significant part of NETGEAR’s overall revenue. In particular, sales in the Asia-Pacific region have been prominent, alongside those of Europe, the Middle East, and Africa.

Key Milestones and Achievements of NETGEAR

• As mentioned, NETGEAR has been a critical player in the networking space. In this position, NETGEAR is known for multiple achievements, especially in terms of technology.
• The ReadyNAS product line from NETGEAR was a result of NETGEAR’s acquisition of a company called Infrant Technologies. NETGEAR made the acquisition in 2007 for $60 million.
• The Orbi mesh Wi-Fi system from NETGEAR was another milestone in its history of home networking devices. Launched in 2016, the Orbi mesh uses a tri-band architecture, mainly the 5GHz frequency.
• NETGEAR is also known for launching the first Wi-Fi 6E router during CES 2021. These routers make use of the 6GHz frequency band that reduces congestion and improves performance.
• In 2024, Charles Prober took charge as the CEO of NETGEAR, replacing Patrick Lo, the founder of the company.

NETGEAR Revenue Statistics

• In 2023, Netgear reported a total revenue of $740.84 million.
• However, compared to the number in 2022, which generated a revenue of $932.47 billion, this is a noticeable decline.
• As revenue reports tell us, the overall revenue of Netgear has been falling since 2020, a year in which the company had raised $1,255.2 million.

• Netgear has witnessed a noticeable drop in revenue in the last 10 years. In 2014, the company raised $1,372.39 million in total revenue.
• Over the past five years, NETGEAR’s revenue has witnessed a downfall from $1255 million to an all-time low of $680.01 million.
• The last time NETGEAR saw a year-to-year growth was in the Financial Year 2020, in which there was a 25.68% growth compared to FY 20219.
• In 2023, the total revenue had become almost half of that amount. The loss in revenue has been due to the increasing competition in the networking infrastructure space.
• As a result of these changes, NETGEAR reported a net loss of $104.77 million in 2023. This, however, was a worse performance than 2022, a year in which the net loss was only $68.99 million.
• Over the last ten years, NETGEAR had a net profit in only seven financial years. Even then, the net profit has not been steady by any means.
• Throughout the years, the Americas have been the largest source of revenue for NETGEAR, as the US and other places in North America remain the primary market for the company.
• In 2023, $504.35 million out of the total revenue was from the Americas, whereas EMEA contributed $148.92 million, and APAC $87.57.
• Despite changes in the overall revenue of NETGEAR, the proportionate contributions from the three regions have been similar, with the Americas contributing the most and the EMEA and APAC in the second and third positions, respectively.
• The current market capitalization of NETGEAR stands at $707.74 million. The 52-week range of the company’s stock is $23.90 to $24.66.
• Market analysts agree that NETGEAR is facing a profitability challenge, as made clear from the recent quarterly reports.

NETGEAR Home Solution Statistics

NETGEAR’s product portfolio includes multiple product lines that cater to home users. These devices aim to offer convenience and performance while accommodating various budgetary requirements.

WiFi Routers

• Essentials is one of the most popular series from Netgear Wi-Fi routers, and it is designed to offer the best performance while adhering to the latest standards.
• In particular, Nighthawk RS200 is a Wi-Fi 7-enabled router that can handle up to 6.5 Gbps speed and coverage for up to 200 sq. ft.
• The Orbi series from Netgear is designed for a whole home mesh Wi-Fi network, and these devices can handle a lot of power and support hundreds of devices connected to them at the same time.
• The Nighthawk series from Netgear consists of multiple devices, some of which are designed for professional usage.
• For instance, the Nighthawk RS500 is designed to handle up to 12 Gbps of speed, offering support for up to 120 devices.
• On the other hand, the Nighthawk RS700S is a flagship model that can handle up to 19 Gbps of speed while offering coverage for areas up to 300 sq. ft.
• These days, NETGEAR Wi-Fi routers are available in tri-band and dual-band configurations.

Gaming Routers

• In addition to standard Wi-Fi routers, gaming routers are also made by Netgear, and they are equipped with features like Wi-Fi 6 and a proprietary OS that is designed to minimize lag and offer the best performance during gaming sessions.
• Nighthawk Pro Gaming XR1000 is one of the most popular models. It offers Wi-Fi 6 speeds and can handle multiple connected devices. It also takes extra measures to avoid interference from other devices.
• Nighthawk Pro Gaming XR500 is also another Wi-Fi dual-band router that is a little more affordable but offers high speeds and quality control options.

Cable Modems

• NETGEAR also manufactures cable modems and modem-router combination devices that can take in coaxial/fiber cables and create a Wi-Fi network.
• Nighthawk CM2000 is one of the most popular options from Netgear, and it can handle up to 2.5 gigabits of internet speed.
• On the other hand, Netgear CM1100 is known for its link aggregation technologies and multi-gig internet speeds.
• When it comes to modem router combination devices, Nighthawk CAX80 is an excellent combination of Wi-Fi 6 technology and the latest modem tech.

• N600 Wi-Fi cable modem router, also known as C3700, is also a 2-in-1 device that can offer dual-band Wi-Fi connectivity with speeds up to 600 Mbps.

WiFi Range Extenders

• Three types of Wi-Fi range extenders are available from NETGEAR: Wi-Fi 6 mesh, Wi-Fi 5, and tri-band Wi-Fi extenders. Users can choose between these options based on their preferences.

• The Nighthawk AX8 Wi-Fi Mesh Extender is one of the top products from Netgear, and it can handle up to 6 Gbps of speed. It is excellent for 4K streaming and multi-device gaming.
• Users also go for AX1600, which is a 4-stream mesh extender that can handle lower speeds but offers better resistance toward network interference.
• When it comes to Wi-Fi 5 Range Extenders, AC1200 from Netgear is a great option and can handle up to 1.2 Gbps of speed.
• People also go for the AC750 Wi-Fi Range Extender, which has a speed that is capped at 750 Mbps.
• Nighthawk X4S Tri-band Wi-Fi Range Extender is also great because it can quickly shift between the 2.4 GHz, 5 GHz, and 6 GHz bands to improve the overall connectivity within the network.

USB WiFi Adapters

• USB Wi-Fi adaptors from NETGEAR are available through the Nighthawk product lineup as well as the standard device lineup.
• The Nighthawk AXC3000 Wi-Fi 6C USB 3.0 adapter is an excellent choice for users who require the 6 GHz band of Wi-Fi. This device supports internet speeds of up to 3 Gbps and features a high-gain antenna for enhanced performance.
• Alternatively, the Nighthawk AC1900 Wi-Fi USB 3.0 adapter is a popular option. While it offers a lower maximum speed of 1.9 Gbps, it is more than adequate for HD streaming and online gaming.
• For those seeking budget-friendly options, the AC1200 Wi-Fi USB 3.0 adapter and the AC600 Wi-Fi USB Mini adapter are viable choices. These devices support speeds of up to 1.2 Gbps and 600 Mbps, respectively, making them suitable for everyday use.

WiFi 7 Mesh System

• As of now, two Wi-Fi 7 mesh systems are available from NETGEAR. However, more of these devices are in the works.
• The Orbi 970 series can handle up to 27Gbps of speed and is equipped with a tri-band device. While expensive, this single router can offer coverage to areas of up to 10,000 sq. ft.
•  The Orbi 770 series is a more affordable option but offers gigantic speeds of up to 11Gbps. It is also equipped with a tri-band setup and covers areas as wide as 8,000 sq. ft.

NETGEAR Business Solution Statistics

Here is an overview of what NETGEAR does in the business networking solutions sector.

Networking Solutions Overview

• The product portfolio of NETGEAR for Business includes Ethernet switches, wireless access points, professional-grade routers, and AV solutions.
• Out of the $740.84 million revenue that NETGEAR had in 2023, $294.97 million was from the Small and Medium Business (SMB) segment.
• Until 2023, the business product lines from NETGEAR were part of the mainstream portfolio. But, in 2024, NETGEAR rebranded them as NETGEAR for Business.
• NETGEAR now provides a variety of product lines for multi-campus businesses.

Wired Networking

• NETGEAR for Business offers an impressive collection of Ethernet switches, network storage, and pro-grade wired routers.
• These devices are designed to offer the best performance and security/privacy to SMEs.

Conclusion

Even though NETGEAR has not had the most profitable years in the 2020s, the company appears to continue its efforts for innovation. In particular, the new leadership changes will also be crucial in that the company will change its strategies and product offerings.