NETGEAR Raises Q3 Net Revenue Guidance From $160M - $175M To $170M - $180M (Est $167.226M), Driven By Earlier Than Anticipated Launch Of Its Latest 5G Mobile Hotspot
Portfolio Pulse from Benzinga Newsdesk
NETGEAR has raised its Q3 net revenue guidance to $170M - $180M, driven by an earlier than expected launch of its 5G mobile hotspot. The company also updated its GAAP and Non-GAAP operating margin expectations due to a litigation settlement and increased revenue.
September 11, 2024 | 8:47 pm
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NETGEAR has increased its Q3 revenue guidance to $170M-$180M, surpassing estimates, due to an early launch of its 5G mobile hotspot and a litigation settlement. This has also improved their operating margin outlook.
The increase in revenue guidance and improved operating margins are positive indicators for NETGEAR's financial performance. The early launch of the 5G hotspot suggests strong product demand, and the litigation settlement reduces financial uncertainty.
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