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Revenue (Tables) | 9 Months Ended
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Sep. 29, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Remaining Performance Obligations |
(In thousands) |  | Less than 1 year |  |  | 1 to 2 years |  |  | Beyond 2 years |  |  | Total |
Performance obligations |  | $ | 66,991 |  |  | $ | 3,546 |  |  | $ | 2,209 |  |  | $ | 72,746 |
Schedule of Contract Balances | The following table reflects the contract balances:
(In thousands) |  | Balance Sheet Location |  | September 29, 2024 |  |  | December 31, 2023 |
Accounts receivable, net |  | Accounts receivable, net |  | $ | 177,326 |  |  | $ | 185,059 |
Contract liabilities – current |  | Deferred revenue |  | $ | 29,596 |  |  | $ | 27,091 |
Contract liabilities – non-current |  | Other non-current liabilities |  | $ | 5,472 |  |  | $ | 4,903 |
Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel | In the following tables, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). The tables also include reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: NETGEAR for Business (formerly known as Small and Medium Business, or SMB) and Connected Home. Sales and usage-based taxes are excluded from n et revenue.
|  | Three Months Ended |  |
|  | September 29, 2024 |  |  | October 1, 2023 |  |
(In thousands) |  | NETGEAR for Business |  |  | Connected Home |  |  | Total |  |  | NETGEAR for Business |  |  | Connected Home |  |  | Total |  |
Geographic regions (1) : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 42,035 |  |  | $ | 85,717 |  |  | $ | 127,752 |  |  | $ | 36,323 |  |  | $ | 104,695 |  |  | $ | 141,018 |  |
EMEA |  |  | 22,975 |  |  |  | 9,823 |  |  |  | 32,798 |  |  |  | 24,786 |  |  |  | 10,898 |  |  |  | 35,684 |  |
APAC |  |  | 13,520 |  |  |  | 8,784 |  |  |  | 22,304 |  |  |  | 9,401 |  |  |  | 11,742 |  |  |  | 21,143 |  |
Total |  | $ | 78,530 |  |  | $ | 104,324 |  |  | $ | 182,854 |  |  | $ | 70,510 |  |  | $ | 127,335 |  |  | $ | 197,845 |  |
Sales channels: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service provider |  | $ | 268 |  |  | $ | 22,949 |  |  | $ | 23,217 |  |  | $ | 219 |  |  | $ | 32,403 |  |  | $ | 32,622 |  |
Non-service provider |  |  | 78,262 |  |  |  | 81,375 |  |  |  | 159,637 |  |  |  | 70,291 |  |  |  | 94,932 |  |  |  | 165,223 |  |
Total |  | $ | 78,530 |  |  | $ | 104,324 |  |  | $ | 182,854 |  |  | $ | 70,510 |  |  | $ | 127,335 |  |  | $ | 197,845 |  |
|  | Nine Months Ended |
|  | September 29, 2024 |  |  | October 1, 2023 |
(In thousands) |  | NETGEAR for Business |  |  | Connected Home |  |  | Total |  |  | NETGEAR for Business |  |  | Connected Home |  |  | Total |
Geographic regions (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 103,189 |  |  | $ | 229,994 |  |  | $ | 333,183 |  |  | $ | 113,172 |  |  | $ | 266,379 |  |  | $ | 379,551 |
EMEA |  |  | 64,549 |  |  |  | 26,791 |  |  |  | 91,340 |  |  |  | 76,744 |  |  |  | 34,279 |  |  |  | 111,023 |
APAC |  |  | 39,282 |  |  |  | 27,535 |  |  |  | 66,817 |  |  |  | 33,763 |  |  |  | 27,829 |  |  |  | 61,592 |
Total |  | $ | 207,020 |  |  | $ | 284,320 |  |  | $ | 491,340 |  |  | $ | 223,679 |  |  | $ | 328,487 |  |  | $ | 552,166 |
Sales channels: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service provider |  | $ | 713 |  |  | $ | 70,234 |  |  | $ | 70,947 |  |  | $ | 427 |  |  | $ | 71,346 |  |  | $ | 71,773 |
Non-service provider |  |  | 206,307 |  |  |  | 214,086 |  |  |  | 420,393 |  |  |  | 223,252 |  |  |  | 257,141 |  |  |  | 480,393 |
Total |  | $ | 207,020 |  |  | $ | 284,320 |  |  | $ | 491,340 |  |  | $ | 223,679 |  |  | $ | 328,487 |  |  | $ | 552,166 |
(1) No i ndividual foreign country represented more than 10% of the Company’s total net revenue in the periods presented.

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