HIGHBuilt-inGeographic
68%
Americas
“10-K Item 1: 'The largest portion of our net revenues was derived from the Americas, representing approximately 68% of net revenue in the years ended December 31, 2025, 2024 and 2023.'”
NTGR · Concentration risk · 10-K extracted
NETGEAR (NTGR) concentration risks
Updated
The most significant concentration NETGEAR discloses is Americas at 68%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: NETGEAR’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
sole source semiconductor suppliers
“10-K Item 1A: 'Many of the semiconductors used in our products are obtained from sole source suppliers on a purchase order basis.'”
MEDIUMOutside partyCustomer
limited number of retailers, distributors and service providers
“10-K Item 1A: 'We rely on a limited number of traditional and online retailers, wholesale distributors and service provider customers for a substantial portion of our sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06NETGEAR's concentration exposures touch geography, supply, and distribution, and they reinforce rather than diversify each other. The Americas region represented approximately 68% of net revenue across 2025, 2024 and 2023 — a high, structural concentration reflecting where the company's end-market demand is centered. On the supply side, many of the semiconductors used in its products are obtained from sole source suppliers on a purchase-order basis, a high dependency exposure that leaves the company vulnerable to component shortages or price shifts with limited ability to switch quickly. Distribution adds a third layer: the company relies on a limited number of traditional and online retailers, wholesale distributors, and service provider customers for a substantial portion of sales, a moderate dependency. None of these three exposures offsets another — a sole-source semiconductor disruption would hit product availability across the same concentrated Americas customer base sold through the same limited retail and distribution channels. The semiconductor sourcing risk is the one most capable of moving the verdict, since a disruption at a sole-source supplier would flow straight through to a geographically and channel-concentrated revenue base with little room to reroute around it.
For the engine’s reasoning on NTGR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Communication Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| NTGR● | NETGEAR, Inc. | 2 | 1 | 0 | 3 |
| ADTN | ADTRAN Holdings, Inc. | 1 | 0 | 2 | 3 |
| CIEN | Ciena Corporation | 0 | 2 | 2 | 4 |
| BDC | Belden Inc | 0 | 2 | 1 | 3 |
| ASTS | AST SpaceMobile, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.