Netgear's new Wi-Fi 7 mesh system is its most affordable yet
A two-pack containing a router and a single satellite is available for $249.99 for those in smaller households, and additional Orbi 370 satellites can be purchased for $149.99 to expand mesh network coverage. Netgear says the Orbi 370 is compatible with any service provider and supports Wi-Fi speeds of up to 5Gbps.
Both the router and satellites include integrated 2.5Gbps Ethernet ports, allowing wired connections to be used with more demanding devices like gaming systems and smart TVs. The Orbi 370 supports 2.4GHz and 5GHz bands, which can be combined using Multi-Link Operation (MLO) to potentially provide faster downloads, less latency, and a more stable connection to Wi-Fi 7 devices.
The more affordable entry point is targeting growing households, or those with 'moderately demanding Wi-Fi needs,' according to Netgear, but will also likely appeal to anyone who was looking for an excuse to upgrade from older wireless network standards.
You still need Wi-Fi 7-compatible devices — which are fairly uncommon — to actually use Wi-Fi 7 features, but the Orbi 370 is backwards compatible with Wi-Fi 4/5/6/6E. The added stability that the MLO feature can provide to wireless connections may carry over to devices that use older Wi-Fi standards too, providing something that users can benefit from immediately if they're futureproofing with the mesh router system.
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DISCUSSION REGARDING THE USE OF NON-GAAP FINANCIAL MEASURES Our earnings release contains some or all of the following financial measures that have not been calculated in accordance with United States Generally Accepted Accounting Principles ('GAAP'): (i) non-GAAP gross profit and gross margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP net income, (iv) non-GAAP diluted earnings per share, and (v) non-GAAP free cash flow and free cash flow margin. As set forth in the 'Unaudited Reconciliations of Non-GAAP Financial Measures' table found above, we derive such non-GAAP financial measures by excluding certain expenses and other items from the respective GAAP financial measure that is most directly comparable to each non-GAAP financial measure. Management uses these non-GAAP financial measures to evaluate our operating performance and compare it against past periods, make operating decisions, forecast for future periods, compare our operating performance against peer companies, and determine payments under certain compensation programs. These non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by eliminating certain non-recurring expenses and other items that management believes might otherwise make comparisons of our ongoing business with prior periods and competitors more difficult, obscure trends in ongoing operations, or reduce management's ability to make forecasts. We provide investors with non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and non-GAAP free cash flow and free cash flow margin because we believe it is important for investors to be able to closely monitor and understand changes in our ability to generate income from ongoing business operations. We believe these non-GAAP financial measures give investors an additional method to evaluate historical operating performance and identify trends, an additional means of evaluating period-over-period operating performance and a method to facilitate certain comparisons of our operating results to those of our peer companies. We believe that providing non-GAAP operating income and operating margin allows investors to assess the extent to which our ongoing operations impact our overall financial performance. We also believe that providing non-GAAP net income and non-GAAP diluted earnings per share allows investors to assess the overall financial performance of our ongoing operations by eliminating the impact of share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items which may not occur in each period presented and which may represent non-cash items unrelated to our ongoing operations. We further believe that providing non-GAAP free cash flow and free cash flow margin provide insight into our liquidity, our cash-generating capability, and the amount of cash potentially available to return to shareholders. We believe that disclosing these non-GAAP financial measures contributes to enhanced financial reporting transparency and provides investors with added clarity about complex financial performance measures. We calculate non-GAAP gross profit by excluding from GAAP gross profit, share-based compensation expense, amortization of acquisition-related intangibles, and restructuring and other charges. We calculate non-GAAP operating income by excluding from GAAP operating income, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring-related charges. We calculate non-GAAP net income and diluted earnings per share by excluding from GAAP net income and diluted earnings per share, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items. We calculate non-GAAP free cash flow by deducting capital expenditures from GAAP net cash provided by operating activities. We exclude certain items identified above from the respective non-GAAP financial measure referenced above for the reasons set forth with respect to each such excluded item below: Share-Based Compensation Expense - because (1) the total amount of expense is partially outside of our control because it is based on factors such as stock price volatility and interest rates, which may be unrelated to our performance during the period in which the expense is incurred, (2) it is an expense based upon a valuation methodology premised on assumptions that vary over time, and (3) the amount of the expense can vary significantly between companies due to factors that can be outside of the control of such companies. Acquisition-Related Expenses and Amortization of Acquisition-Related Intangibles - including such items as, when applicable, fair value adjustments to contingent consideration, fair value charges incurred upon the sale of acquired inventory, acquisition-related expenses, and amortization of acquired intangible assets because they are not considered by management in making operating decisions and we believe that such expenses do not have a direct correlation to our future business operations and thereby including such charges does not necessarily reflect the performance of our ongoing operations for the period in which such charges or reversals are incurred. Settlements, Gains, Losses, and Impairments - because such settlements, gains, losses, and impairments (1) are not considered by management in making operating decisions, (2) are infrequent in nature, (3) are generally not directly controlled by management, (4) do not necessarily reflect the performance of our ongoing operations for the period in which such charges are recognized, and/or (5) can vary significantly in amount between companies and make comparisons less reliable. Restructuring and Other Charges - because these charges have no direct correlation to our future business operations and including such charges or reversals does not necessarily reflect the performance of our ongoing operations for the period in which such charges or reversals are incurred. Certain Income Tax Items - including certain deferred tax charges and benefits that do not result in a current tax payment or tax refund and other adjustments, including but not limited to, items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. The non-GAAP financial measures presented in the table above should not be considered in isolation and are not an alternative for the respective GAAP financial measure that is most directly comparable to each such non-GAAP financial measure. Investors are cautioned against placing undue reliance on these non-GAAP financial measures and are urged to review and consider carefully the adjustments made by management to the most directly comparable GAAP financial measures to arrive at these non-GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating our operating performance or ongoing business performance. Further, non-GAAP financial measures may have limited value for purposes of drawing comparisons between companies as a result of different companies potentially calculating similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Our earnings release contains forward-looking estimates of non-GAAP diluted earnings per share for the fourth quarter of our 2025 fiscal year ('Q4 2025'). We provide this non-GAAP measure to investors on a prospective basis for the same reasons (set forth above) that we provide it to investors on a historical basis. We are unable to provide a reconciliation of our forward-looking estimate of Q4 2025 GAAP diluted earnings per share to a forward-looking estimate of Q4 2025 non-GAAP diluted earnings per share because certain information needed to make a reasonable forward-looking estimate of GAAP diluted earnings per share for Q4 2025 (other than estimated share-based compensation expense of $0.20 to $0.40 per diluted share, estimated amortization of intangibles of $0.20 to $0.30 per diluted share and certain tax items of -$0.15 to $0.20 per diluted share) is difficult to predict and estimate and is often dependent on future events that may be uncertain or outside of our control. Such events may include unanticipated changes in our GAAP effective tax rate, unanticipated one-time charges related to asset impairments (fixed assets, inventory, intangibles, or goodwill), unanticipated acquisition-related expenses, unanticipated settlements, gains, losses, and impairments, and other unanticipated non-recurring items not reflective of ongoing operations. The probable significance of these unknown items, in the aggregate, is estimated to be in the range of $0.00 to $0.15 in quarterly earnings per diluted share on a GAAP basis. Our forward-looking estimates of both GAAP and non-GAAP measures of our financial performance may differ materially from our actual results and should not be relied upon as statements of fact. Nine Months Ended June 28, 2024 June 27, 2025 June 28, 2024 Cost of goods sold $ 8.5 $ 5.7 $ 21.5 $ 26.1 Research and development 32.8 21.8 86.0 67.1 Selling, general, and administrative 13.9 15.2 48.9 48.9 Restructuring, impairment, and other charges — — 12.5 — Total share-based compensation $ 55.2 $ 42.7 $ 168.9 $ 142.1 Expand SKYWORKS SOLUTIONS, INC. As of (in millions) June 27, 2025 September 27, 2024 Assets Cash, cash equivalents, and marketable securities $ 1,336.7 $ 1,574.1 Accounts receivable, net 396.2 508.8 Inventory 706.5 784.8 Property, plant, and equipment, net 1,213.8 1,280.3 Goodwill and intangible assets, net 3,028.9 3,077.2 Other assets 1,032.5 1,058.1 Total assets $ 7,714.6 $ 8,283.3 Liabilities and Equity Accounts payable $ 205.5 $ 171.8 Accrued and other liabilities 861.2 780.5 Debt 995.4 994.3 Stockholders' equity 5,652.5 6,336.7 Total liabilities and equity $ 7,714.6 $ 8,283.3 Expand SKYWORKS SOLUTIONS, INC. UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended Nine Months Ended (in millions) June 27, 2025 June 28, 2024 June 27, 2025 June 28, 2024 Cash flows from operating activities: Net income $ 105.0 $ 120.9 $ 335.7 $ 535.5 Adjustments to reconcile net income to net cash provided by operating activities: Share-based compensation 55.2 42.7 168.9 142.1 Depreciation 70.1 66.2 206.3 196.3 Amortization of intangible assets 45.8 46.0 139.8 139.6 Deferred income taxes 1.4 1.0 21.1 (2.2 ) Asset impairment charges — 0.6 — 16.8 Amortization of debt discount and issuance costs 0.5 0.4 1.5 2.0 Other, net (1.6 ) (4.5 ) (5.2 ) (6.6 ) Changes in assets and liabilities: Receivables, net (24.3 ) 7.9 112.6 256.9 Inventory (26.8 ) 13.8 85.2 291.5 Accounts payable 21.6 3.9 32.6 0.4 Other current and long-term assets and liabilities 67.2 (25.4 ) 2.3 (223.7 ) Net cash provided by operating activities 314.1 273.5 1,100.8 1,348.6 Cash flows from investing activities: Capital expenditures (61.4 ) (24.4 ) (139.0 ) (74.2 ) Purchased intangibles (6.7 ) (5.1 ) (24.1 ) (20.2 ) Purchases of marketable securities (135.9 ) (14.4 ) (415.9 ) (25.7 ) Sales and maturities of marketable securities 126.6 9.9 473.9 25.3 Other — 5.9 2.2 10.3 Net cash used in investing activities (77.4 ) (28.1 ) (102.9 ) (84.5 ) Cash flows from financing activities: Repurchase of common stock - payroll tax withholdings on equity awards (4.5 ) (1.0 ) (43.4 ) (34.4 ) Repurchase of common stock - stock repurchase program (330.2 ) (77.3 ) (830.2 ) (77.3 ) Dividends paid (103.9 ) (109.1 ) (327.0 ) (327.1 ) Net proceeds from exercise of stock options — — — 1.1 Proceeds from employee stock purchase plan — — 20.0 18.2 Payments of debt — — — (300.0 ) Net cash used in financing activities (438.6 ) (187.4 ) (1,180.6 ) (719.5 ) Net increase (decrease) in cash and cash equivalents (201.9 ) 58.0 (182.7 ) 544.6 Cash and cash equivalents at beginning of period 1,387.8 1,205.4 1,368.6 718.8 Cash and cash equivalents at end of period $ 1,185.9 $ 1,263.4 $ 1,185.9 $ 1,263.4 Expand
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Customers are encouraged to upgrade by technological developments like the introduction of Wi-Fi 6 and Wi-Fi 6E, which offer faster speeds and increased network efficiency. Additionally, the industry is expanding because to the increased popularity of mesh Wi-Fi systems, which offer seamless coverage throughout big houses or offices. Growth Drivers for the Australia Wireless Router Market Increased Internet Penetration Due in major part to the country's rising internet penetration, the wireless router industry in Australia is expanding significantly. About 26.1 million Australians, or 97.1% of the population, were internet users as of January 2025. The demand for wireless routers and other home networking solutions is rising as a result of this increased connectedness. Internet access is being further improved by the National Broadband Network's (NBN) growth. By 2030, NBN Co. hopes to offer gigabit-speed services to more than 11 million homes and enterprises. Furthermore, customers are being encouraged to upgrade their networking equipment in order to support faster speeds and more connected devices as a result of the widespread adoption of cutting-edge technologies like Wi-Fi 6 and 5G. Together, these advancements support the wireless router market's strong expansion in Australia. Smart Home Device Adoption The swift uptake of smart home appliances is a major factor propelling the expansion of wireless router usage in Australia. There is a growing need for robust, dependable Wi-Fi networks as more homes integrate connected devices like voice assistants, lighting controls, security cameras, and smart thermostats. Older or lower-capacity routers may become overloaded by these devices, which frequently demand continuous internet access. High-performance wireless routers are becoming popular among consumers in order to guarantee seamless and continuous connectivity for numerous smart devices running concurrently. Wi-Fi 6 and other advances enhance network efficiency, speed, and range, making them ideal for smart home settings. This change is leading to nationwide improvements in residential wireless infrastructure. Remote Work and Online Learning The demand for wireless routers has increased dramatically in Australia due to the rise in remote employment and online education. Australians are depending more and more on fast, reliable internet connections for e-learning, collaborative work, and virtual meetings as the epidemic has sped up the adoption of flexible work and education paradigms. The requirement for sophisticated wireless routers that can manage numerous devices and high-bandwidth applications concurrently has increased as a result of this change. The country's wireless router industry is growing as a result of consumers updating their home networks to guarantee uninterrupted connectivity. Challenges in the Australia Wireless Router Market High Competition and Price Sensitivity Due to intense competition and price sensitivity, the wireless router market in Australia confronts many difficulties. Many businesses engage in fierce competition, providing comparable features and technology, which exacerbates price wars and lowers manufacturers' and retailers' profit margins. Cost is frequently given precedence over sophisticated features by consumers, making it challenging for businesses to differentiate their goods only through innovation. Technological advancement is slowed by this price-driven environment, which restricts investment in R&D. Frequent sales and promotions can complicate supply chain and inventory management by causing unpredictable market dynamics. All things considered, the competitive and cost-sensitive environment presents a significant barrier to the wireless router industry's long-term growth in Australia. Security Concerns One major issue facing the wireless router industry in Australia is security. Due to the widespread usage of obsolete firmware on older routers, networks are susceptible to malware infestations, hacking, and data breaches. Weak router security can jeopardize entire home networks, thus these threats are increased as the number of linked smart devices rises. Additionally, people are becoming more wary about device security as they become more aware of privacy issues. Firmware must be updated frequently, and manufacturers must incorporate cutting-edge security features like automatic threat detection and WPA3 encryption. The intricacy of these capabilities, however, may discourage less tech-savvy users from configuring networks correctly, leaving them vulnerable and impeding the broad deployment of secure routers. Key Players Analysis: Company Overview, Key Persons, Recent Development & Strategies, Sales Analysis Cisco AT&T Verizon Comcast Charter Communication Lumen Technology Viasat Netgear Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $267.34 Million Forecasted Market Value (USD) by 2033 $559.4 Million Compound Annual Growth Rate 8.5% Regions Covered Australia Expand Key Topics Covered: 1. Introduction 2. Research & Methodology 2.1 Data Source 2.1.1 Primary Sources 2.1.2 Secondary Sources 2.2 Research Approach 2.2.1 Top-Down Approach 2.2.2 Bottom-Up Approach 2.3 Forecast Projection Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Australia Wireless Router Market 5.1 Historical Market Trends 5.2 Market Forecast 6. Market Share Analysis 6.1 By Component Type 6.2 By End User 7. Component Type 7.1 Single Band Wireless Router 7.2 Dual Band Wireless Router 7.3 Tri Band Wireless Router 8. End User 8.1 Residential 8.2 Commercial 8.2.1 IT and Telecom 8.2.2 Healthcare 8.2.3 BFSI 8.2.4 Education 8.2.5 Others 9. Porter's Five Forces Analysis 9.1 Bargaining Power of Buyers 9.2 Bargaining Power of Suppliers 9.3 Degree of Rivalry 9.4 Threat of New Entrants 9.5 Threat of Substitutes 10. SWOT Analysis 10.1 Strength 10.2 Weakness 10.3 Opportunity 10.4 Threat 11. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
