NETGEAR reported Q4 EPS of $0.26, comfortably above the consensus estimate of $0.05 and reversing a loss of $0.06 per share in the year-ago quarter. This represents a year-over-year swing of $0.32 per share and underscores robust profitability gains driven by higher enterprise sales and disciplined cost management.

Net revenue for the quarter was $182.5 million, essentially flat compared with Q4 2024. Despite stable top-line trends, GAAP gross margin expanded to 40.4%, up 780 basis points from 32.6% a year earlier. On a non-GAAP basis, gross margin rose to 41.2%, a gain of 840 basis points. Management attributed the margin expansion to stronger mix in higher-margin enterprise networking products and operational efficiencies in its manufacturing footprint.

For the first quarter of fiscal 2026, NETGEAR provided revenue guidance in line with mid-single-digit growth versus the prior year period, while projecting further gross margin improvement. The company highlighted plans to accelerate subscriber additions in its managed services segment and maintain tight control over operating expenses, setting the stage for incremental profitability gains throughout the year.