NETGEAR(NTGR) - 2024 Q1 - Quarterly Results

Exhibit 99.1 NEWS RELEASE NETGEAR® REPORTS FIRST QUARTER 2024 RESULTS Page 1 • First quarter 2024 net revenue of $164.6 million, a decrease of 9.0% from the comparable prior-year quarter. • First quarter 2024 GAAP operating loss of$ 21.6 million, or (13.2)% of net revenue, as compared to operating loss of $12.0 million, or (6.6)% of net revenue, in the comparable prior-year quarter. ◦ First quarter 2024 non-GAAP operating loss of$ 16.0 million, or (9.7)% of net revenue, as compared to non- GAAP operating lo ...