NETGEAR Posts Q4 Revenue of $164 Million, up 8% Sequentially

NETGEAR reported Q4 2006 revenue of $164.0 million, a 35% increase as compared to $121.8 million for the fourth quarter ended December 31, 2005, and an increase of 8% as compared to $151.6 million in the third quarter of 2006. Net income (GAAP) was $13.4 million or $0.38 per diluted share, an increase of 51% compared to the same period a year earlier.



The U.S. retail channel inventory ended the fourth quarter of 2006 at 8.4 weeks compared to 6.0 weeks in the fourth quarter of 2005 and 10.6 weeks in the third quarter of 2006. U.S. distribution channel inventory ended the fourth quarter of 2006 at 3.5 weeks, as compared to 4.4 weeks in the fourth quarter of 2005, and 6.3 weeks in the third quarter of 2006. European distribution channel inventory ended the fourth quarter of 2006 at approximately 5.1 weeks, as compared to approximately 5.2 weeks in the fourth quarter of 2005 and 3.8 weeks in the third quarter of 2006. Asia Pacific distribution channel inventory ended the fourth quarter of 2006 at approximately 4.2 weeks, as compared to approximately 4.6 weeks in the fourth quarter of 2005, and 4.3 weeks in the third quarter of 2006.
http://www.netgear.com