October 25, 2017

Corporate Overview

2

Safe Harbor Disclosure This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, forward-looking statements within the meaning of the Safe Harbor include statements concerning: future financial performance; projections on market share and market growth; future market opportunities; NETGEAR's products and technology and their expected performance characteristics, specifications and specific uses; and anticipated new product offerings and features. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: future demand for NETGEAR's products may be lower than anticipated; consumers may choose not to adopt NETGEAR's new product offerings or adopt competing products; the actual price, performance and ease of use of NETGEAR products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; new cyber threats may challenge the effectiveness of features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology, the impact and pricing of competing products, and the introduction of alternative technological solutions; NETGEAR may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to slow their deployment of NETGEAR's products or utilize competing products; NETGEAR may be unable to collect receivables as they become due; and NETGEAR may fail to manage costs. 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 limited to, those risks and uncertainties listed in the section entitled “Part II - Item 1A. Risk Factors,” pages 51 through 72, in the Company's quarterly report on Form 10-Q for the fiscal quarter ended July 2, 2017, filed with the Securities and Exchange Commission on August 4, 2017. 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.

All product and company names herein are or may be trademarks of their respective owners.

Mission

Be the innovative leader in connecting the world to the Internet.

3

Strategy for Growth

Distribution

Innovation

Brand

4

5

Innovation

Leadership in

WiFi, LTE and

Wire-free

Formula for Innovation Unique

products

Mobile

experience

Cloud

connectivity

Intelligent

software

7

cameras shipped

>4 million

streams per day

35 million

registered customers

162 countries

Arlo Continues to Grow

Arlo Pro

+

Mobile Connectivity

2013 2014 2015 2015

The Original Nighthawk

Nighthawk X6 Nighthawk X4S Nighthawk X8

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Nighthawk - Innovation in Premium WiFi

2016

Nighthawk X10

Router/Gateway

Nighthawk X4S

Nighthawk X6S

Taking Nighthawk to the Mesh System World

Nighthawk® X6S Nighthawk

® X4S

Tri-Band WiFi (866+866+400 Mbps)

Patented FastLane3 technology

Quad Core processor

4 high performance internal antennas

MU-MIMO

Smart Connect on 2.4 GHz and 5 GHz

Tri-Band WiFi (1733+866+400 Mbps)

Patented FastLane3 technology

Quad Core processor

6 high performance internal antennas

MU-MIMO

Smart Connect on 2.4 GHz and 5 GHz

Four Gigabit ports - Connect 4K TVs and game consoles

USB for storage and printer

A Nighthawk Mesh WiFi System

DSL & Cable Range Extender Switching AT&T 5G Evolution LTE Mobile Router

13

Nighthawk – Extended Across Product Lines

Orbi WiFi Mesh System Family With TriBand FastLane3 Technology

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RBK50 RBK40 RBK30

All Managed Through the Orbi App!

RBK60

Admin, Employee

and Guest Networks

Captive Guest Portal

Flexible Mounting

Ideal for retail, shops,

and small businesses

N E W

Industry’s First Gigabit Unmanaged

Switches

2000

A History of Innovation in

SMB Switching

World’s First Smart Switch

2003

World’s First Stackable Smart Switch

2005

First Full Featured Smart Switch

2007

Industry’s First Lightly Managed

Plus Switch

2010

First Smart Switch with 10-Gigabit

2011

First All 10-Gigabit Smart Switch

First All 10-Gigabit

Plus Switch

2013

World’s First Click Switch for Flexible Mounting

2014

First 28-Port 10-Gigabit Smart Switch

Captures #1 Position

in Web-Managed Ethernet Switching

2015

Introduces Half Width Top of the Rack Switches

2016

Leadership in 10-Gigabit Switching

Fully Managed

Switches

“Smart” Fully

Web Managed

Switches

“Plus” Lightly

Web Managed

Switches

10GbE for mobility, voice, video and virtualization

PoE – one wire for power and connectivity

Unique “Spine & Leaf” Stacking – increased scalability

Easy mounting – flexible form factors

SDVoE capable – software-defined video over ethernet

Plug-and-play mobile app setup

Introducing the Industry’s First

App-Managed Switches

Unified Wired/Wireless Management

Smart Cloud L2 Switching Features

Easy setup, deployment,

management & monitoring

through the NETGEAR

Insight mobile app!

Multi-site, remote network management via the Insight mobile App

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Brand

19

Consumer WiFi Market Share Wireless Routers, Gateways, Mesh Systems, and Extenders US 3Q17

48%

16%

9%

7%

5%

5%

4%

3% 5% NETGEAR

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

Competitor 7

All Others

20

IP Camera Market Share US 3Q17

41%

13%

9%

8%

6%

5%

4%

2%

2%

10% NETGEAR

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

Competitor 7

Competitor 8

All Others

21

Core Switches Market Share Retail, US 3Q17

52%

18%

14%

4%

3%

3% 3%

3% NETGEAR

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

All Others

22

Distribution

Global Brand and Distribution Biggest Competitive Advantage

69% 17% 14%

WORLDWIDE: 30,000 retail outlets 25,000 VARs

Geographic net revenue breakdown for 3Q17

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Financials

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Quarterly Net Revenue (Net Revenue, $ Millions)

$342 $361

$310 $312

$339

$368

$324 $331

$355

$0

$50

$100

$150

$200

$250

$300

$350

$400

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

26

Segment Performance (Net Revenue, $ Millions)

0

50

100

150

200

250

300

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

Connected Home

Retail Service Provider

0

20

40

60

80

100

120

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

Arlo

0

10

20

30

40

50

60

70

80

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

SMB

27

Regional Performance (Net Revenue, $ Millions)

0

50

100

150

200

250

300

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

Americas

0

20

40

60

80

100

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

EMEA

0

10

20

30

40

50

60

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

APAC

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Operating Margin (Non-GAAP, % of Revenue)

10.3% 10.8%

11.9% 11.6% 11.5% 11.4%

10.0%

8.5%

9.5%

0%

2%

4%

6%

8%

10%

12%

14%

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

29

Earnings Per Share (Non-GAAP, $ per Share)

$0.67

$0.83

$0.74 $0.72

$0.76

$0.88

$0.64 $0.60

$0.81

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

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Cash Balance (Cash, Cash Equivalents and Short-Term Investments, $ Millions)

$264 $278

$333 $353

$403

$366 $361

$306

$373

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17

31

Return of Capital

29.0

30.0

31.0

32.0

33.0

34.0

35.0

36.0

37.0

38.0

39.0

$0.00

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

FY'12 FY'13 FY'14 FY'15 FY'16

Sha

res, M

illion

s $

US

D, M

illio

ns

Share repurchase ($) FCF Shares Outstanding