Investor Overview Ju ly 2020 1 Safe Harbor Disclosure This - PowerPoint PPT Presentation

Investor Overview Ju ly 2020 1

Safe Harbor Disclosure This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward -looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward- looking statements represent NETGEAR, Inc.’s expectations or beliefs concerning future events b ased on information available at the time such statements were made and include statements regarding: NETGEAR’s ability to pursue its long - term strategies; NETGEAR’s future operating performance and financial condition, including expectations regarding continued profitability and cash generation; expectations regarding the timing, distribution, sales momentum and market acceptance of recent and anticipated new product introductions that position the Company for growth and market share gain; expectations regarding NETGEAR’s paid subscriber base growth, registered users and registered app users and their ef fect on NETGEAR’s paid subscriber base; and expectations regarding future market size for certain areas of potential growth. These statements are based on management’s current expectations and are subje ct to certain risks and uncertainties, including the following: uncertainty surrounding the duration and impact of the global COVID- 19 pandemic; future demand for the Company’s products and services may be lower than anticipated; consumers may choose not to adopt the Company’s new product or service offerings or adopt competing products or services; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choo se to slow their deployment of the Company’s products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its existing offerings; the Company may fail to successfully continue to effect operating expense savings; changes in the level of N ETGEAR’s cash resources and the Company’s planned usage of such resources, including potential repurchases of the Company’s common stock; changes in the Company’s stock price and developments in the busi ness that could increase the Company’s cash needs; fluctuations in foreign exchange rates; and the actions and financial health of the Company’s customers. Further, certain forward -looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limi ted to, those risks and uncertainties listed in the section entitled “Part II: Other Information – Item 1A. Risk Factors,” in the Company’s quarterly report on Form 10 -Q for the period ended March 29, 2020, filed with the Securities and Exchange Commission on May 1, 2020. Given these circumstances, you should not place undue reliance on these forward-looking statements. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. All product and company names herein are or may be trademarks of their respective owners. 2

O U R M I S S I O N Be the innovative leader in connecting the world to the internet.

2Q20 HIGHLIGHTS Quarterly Revenue of $280.1 million 49% Share in U.S. Retail WiFi Market 1 49% Share in U.S. Retail Switch Market 2 14.9 million Registered Users Worldwide 6.4 million Registered App Users Worldwide 293,000 Service Subscribers 1 Based on the NPD Group, Inc., U.S. Retail Tracking Service, Networking Devices: Gateways, Range Extenders, and Routers; Cellular ready technology: exclude 3G, 4G, 5G, Dual Band 3G/4G, LTE; Network Connectivity: exclude powerline; Wireless; based on dollar sales, April – June 2020. 2 The NPD Group, Inc., U.S. Retail Tracking Service, Networking Devices, Switches, based on dollar sales, April – June 2020.

STRATEGY FOR GROWTH Technology Inflections Create New Categories Recurring Service Revenue 5

Key Technology Orbi Mesh Inflections PoE+ Content Streaming Pro AV 5G New Categories WiFi 6 Gaming 10 Gig Mesh 6

The NETGEAR Evolution F R O M A L A R G E I N S TA L L E D B A S E W I T H L I M I T E D E N G A G E M E N T … …TO A L ARGE AND ENGAGED CUSTOMER COMMUNI T Y PAT H T O 15 % O P M A R G I N S * Registration + Recurring Ongoing Engagement Revenue *Non-GAAP

NETGEAR VALUE ADDED SERVICES

Connected Home PRODUCT S AND T ECHNOL OGY

BIGGEST REVOLUTION IN WIFI, EVER 4X Better Performance than WiFi 5 Capacity: More WiFi for more devices Speed: Fastest WiFi for the gigabit home Efficiency: Longer battery life for mobile Backward compatible with 11AC

WIFI 6 LEADERSHIP RANGE MESH ROUTER CABLE EXTENDER

ORBI MESH WIFI NETGEAR Orbi WiFi 6 AX6000 Review: The Best Mesh Router Performance - You Get What You Pay For “Quite simply, the Orbi 6 was streets ahead and it’s the fastest mesh system I’ve ever used. It also has the widest and highest quality coverage I’ve seen” Unparalleled performance & enhanced security with NETGEAR Armor

M E U R A L “Netgear’s Meural Canvas II is a 27-inch screen to turn your home into a gallery” 75M “Meural’s revamped Canvas II wireless photo frame lets you decorate your wall with priceless works of art” Impressions Launched Meural Canvas II (21.5” and 27”) at IFA Awarded “Best of IFA” Expanding Retail Placements

NIGHTHAWK PRO GAMING Cloud gaming needs low latency WiFi Greenfield opportunity to create a category NETGEAR Differentiation DumaOS gaming software Best in class WiFi, transition to WiFi 6 $4.5B Cloud Gaming Spending by 2024* *“5G and New Services Will Push Cloud Gaming Market to US$4.5 Billion and 42 Million Active Cloud Gaming Users By 2024,” ABI Research, 11/13/2019

A R M O R O N O R B I P L A T F O R M 15

• Subscription $69.95/year • Advanced Security on your NETGEAR Router • Detect and block cyber threats such as phishing, malicious URLs and privacy attacks • Unlimited device protection • Notifications to Orbi or Nighthawk App

CHP Strategy Sell Services Drive New Lifestyle Categories Up ASP with New Technology

SMB Segment PRODUCT S AND T ECHNOL OGY

H I S T O R Y O F I N N O V A T I O N I N S M B Half Width 16-port PoE+ ProAV Switch First DIY WiFi Mesh Solution for Business First App Managed Access Point First 10G Smart 2019 Switch 2019 First Smart 2018 Switch 2017 2017 2017 2014 100G Core Switch 2011 2010 ProAV 48/96 2003 First Fully Autonomous 10G Switch Cloud Management Flexible Mounting Click Switch Switch First Lightly Managed Plus Switch

Upgraded Technology > 2x ASP… Smart Switch Port Speed ASPs Smart Switch PoE ASPs NETGEAR SMB Access Point ASPs $400 $420 $1,220 $236 $151 $203 $67 Q4'18 Q4'18 Q4'18 11n 11ac WiFi 6 PoE PoE+ 1G 10G PoE PoE+ 11ac WiFi 6 1Gbps 10Gbps

PRO AV APPLICATIONS SPORTS LARGE EVENT VENUES EDUCATION MEDICAL SURGERIES HIGH -END HOMES RETAIL SIGNAGE SMALL & MOBILE EVENT VENUES CORPORATE OFFICES COMMAND & CONTROL CENTERS

VAST MARKET OPPORTUNITY Interconnect Market Size Ports $ Millions 1,000,000 $180 900,000 $160 800,000 $140 700,000 $120 600,000 $100 500,000 $80 400,000 $60 300,000 $40 200,000 $20 100,000 0 $0 2018 2019 2020 2021 2022 2023 HDBASE-T switched ports 1G AVoIP switched ports 10G SDVoE switched ports 1G Switch Market 10G Switch Market Source: SDVoE Alliance market sizing based on FutureSource Consulting’s “ HDBase- T in AV signal distribution” and AVIXA’s IOTA reports.

Do-It-Yourself SMB Networks Instant Captive Portal Instant WiFi Instant Mesh

DIY Managed Service Providers $5 per year per device $15 per year per device SCREENSHOT

SMB Summary SCREENSHOT Insight Services ProAV, Insight Mesh Up ASP with New Technology

Financials 26

Quarterly Net Revenue (Net Revenue, $ Millions) $300 $289 $280 $269 $266 $250 $255 $253 $249 $231 $230 $200 $150 $100 $50 $0 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 27

Segment Performance (Net Revenue, $ Millions) S M B C O N N E C T E D H O M E 100 250 90 80 200 70 150 60 50 100 40 30 50 20 10 0 0 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 Retail Service Provider 28

Regional Performance (Net Revenue, $ Millions) A M E R I C A S E M E A A PA C 250 70 70 60 60 200 50 50 150 40 40 30 30 100 20 20 50 10 10 0 0 0 29