Corporate Overview

October 22, 2015

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 projections on the total addressable market for growth, future market opportunities for the Internet of Things in homes, projections on LTE product performance and global subscriptions by technology, projections on the market size for IP cameras, service provider growth 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 viruses or Internet threats may develop that challenge the effectiveness of security 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 40 through 60, in the Company's quarterly report on Form 10-Q for the fiscal quarter ended June 28, 2015, filed with the Securities and Exchange Commission on July 31, 2015. 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. This presentation may reference wireless signal rates. Maximum wireless signal rate derived from IEEE Standard 802.11 specifications. Actual data throughput will vary.

Mission:

Be the innovative leader

in connecting the world to the Internet.

Product Range

Data/Voice

Gateways

ADSL, Cable, 4G

Routers

Wireless APs &

Controllers

Security

Firewalls & UTM

Powerline

Storage

Switches

Adapters

Digital Video

OTT & DLNA

Range

Extenders

Home Monitoring

& Automation

Mobile Hotspots

#1 Global Brand and Distribution Biggest Competitive Advantage

5

64% 23%

WORLDWIDE:

38,000 retail outlets

30,000 VARs

13%

Geographic net revenue

breakdown for 3Q15

Growth by Design

RETAIL

SERVICE

PROVIDERS COMMERCIAL

THE INTERNET OF THINGS IN HOMES

NEXT GENERATION SERVICE PROVIDERS

THE 21ST CENTURY SMB

The Internet of Things in Homes

The NETGEAR Nighthawk Family

$199

Nighthawk

3x3 11ac

$249

Nighthawk X4

4x4 11ac

$299

Nighthawk X6

TriBand 11ac

$399

Nighthawk X8

TriBand

Wave 2, MU-MIMO 11ac

Introducing the Nighthawk X8 Powerful enough for increasing 4K video streaming and gaming

9

5.0

GHz

5.0

GHz

2.4

GHz

2.16Gbps

1.0Gbps

2.16Gbps

• AC5300 WiFi - 1000 + 2166 + 2166 Mbps

• Tri-band, Quad-stream

• Wave2 WiFi, MU-MIMO

• 1.4GHz dual core processor

• Industry’s 1st Active Antennas

• 6 Gigabit Ethernet LAN ports

• Dual Port Aggregation

The Arlo Smart Home Security Camera

• 100% Wire-free

• Weatherproof

• Built-in Day and Night Vision

• High Definition

• 100% Mobile

• Advanced Rules Engine

The only 100% wire-free smart home security camera.

IP Camera Market – US Retail (@ cash ring, $ Millions)

Source: NPD and NETGEAR

$0

$100

$200

$300

$400

$500

$600

2014 2015 2016 2017

IP Camera @ cash ring

Our Role in the IoT for Homes So Far

WiFi

Router

WiFi Range

Extender

Powerline

Adapter

NeoTV

ReadyNAS® Storage

Push2TV® ReadyShare®

Cloud

All managed by Genie® software

Arlo

Home

Monitoring

Next Steps For The IoT in Homes

Power & Lighting

Control

Window &

Door Sensors

Powered Cameras with

2-way Audio & 24/7

Recording Capability Motion

Sensors

WiFi

Light Bulbs

Next Generation Service Providers

Networking for Consumer Cloud Services

Media

Locker

Gaming

OTT

TV

Everywhere

Productivity

Publications

Storage /

Sharing

Cloud

Services

IP Home

Cloud

In Home Multimedia Content Storage

Multimedia

Streaming Home Monitoring

Automation

BB

Gateway

IP Set Top Box

Open Standards (DOCSIS, LTE etc.) decouples Operators Head End from Access Network

LTE is the Game-Changer

16

AirCard 810S Mobile Hotspot

LTE Category 11 with 3-band Carrier

Aggregation (up to 60 MHz)

+ World’s first LTE Cat 11 capable mobile hotspot delivering incredible speeds up to 600 Mbps downlink

+ Compatible with the NETGEAR AirCard Smart Cradle (DC112A)

+ Charges smartphones and small portable USB devices using the unique jump boost feature

+ Free NETGEAR AirCard App provides advanced features and remote management capability

THE NETGEAR DIFFERENCE

4G LTE Advanced Category 11

+ 3-Band Carrier Aggregation

LTE Cat 11

LTE

802.11ac�

Wi- Fi

802.11ac

Touchscreen

11 Hours Battery

Connect 15

Wi- Fi devices

802.11ac Wi-Fi

2.4” Capacitive Touchscreen

Up to 11 Hours of Battery Life

Connects Up To 15 Wi-Fi Devices

21st Century SMBs

Traditional SMB Solution for <250 Users

Internet

Wired and WiFi Clients

Servers

(Physical)

Core and Closet

Switching

Email ERP BI Other

Local

Storage

We have

been

leading

WiFi Access Points

& Controllers

Firewalls

& UTMs

Transition to 21st Century SMB Network A Hybrid Cloud & Access Network Architecture

Internet

Virtualization

Cloud Computing

Mobility/Wireless/BYOD

IP Convergence (voice, video and data)

Public Cloud

Big Data Center

Private Cloud

Data Center

Access Networks

Hybrid Cloud

We can scale to larger SMBs with multiple branch access networks

Making Access Networks Simple to Deploy

Smart IT, Not Big IT

ReadyNAS and ReadyDATA® Families Ideal for virtualization, local/remote/cloud backup

10 GbE Switching Future proof with ability to provide

super fast cost effective network access

Wireless Controllers – 2 to 500 Access Points Cost effective for BYOD environment in access networks

Unlimited

snapshots and restore

Inline compression

and de-duplication

Thin

provisioning

PoE Switching Connecting PoE VoIP, Data,

Video Conferencing, Video Surveillance

…..

Up to 240TB

Wi-Fi in K-12

Wi-Fi in Assisted Living

Wi-Fi in Hospitality

Cloud Management

NETGEAR’s WLAN Solutions

1 “Winning Customers’ Hearts Starts With a Great Guest WiFi Service”, Forrester, June 2013, Hotels.com 2014

1

Introducing Business Central Management Simplified

23

AAA

Configuration

Monitoring Inventory

Dynamic RF

Guest Access

Business Central: A Secure, cloud based IT software-as-a-Service platform

designed to provide SMBs with an easy to use and affordable way to establish,

provision and managed key IT networking services. Effortlessly.

Controller and Cloud

24

ProSAFE Wireless Controller Business Central Wireless Manager

• On site, centralized management

• On premise Controller

• Single site location

• N+1 redundancy

• 200 AP per controller (model dependent)

• Data & management stay within network

• Anywhere, cloud management

• No hardware controller

• Distributed site locations

• In-built redundancy

• 4,000 AP capacity

• Management data in the cloud

Introducing the ProSAFE® XS728T 28-Port 10-Gigabit Smart Managed Switch

Launched September 2015, the XS728T delivers reliable, affordable and easy to use

10GBase-T connectivity for small to mid-sized organizations in a Smart

Managed footprint.

25

+ Industry’s first Smart Managed switch with 24 10GBase-T ports and 4 dedicated SFP+ ports

+ Cost effective 10G connectivity at lower price points than Fiber

+ Feature rich capabilities: • L2+/Layer 3 Lite

• Advanced VLAN features such as Protocol-based VLAN, MAC-based (Media Access Control) VLAN and 802.1x Guest VLAN

• Advanced QoS (Quality of Service) with L2/L3/L4 awareness and 8 priority queues including Q-in-Q

• IPv4 & IPv6 Static Routing

+ Ideal for • Aggregation deployments / center of a small to

mid-sized organization network

• Virtualised environments

• High bandwidth requirements

Financial Update

Quarterly Net Revenue Trend (Net Revenue, $ Millions)

$362 $357 $349 $338

$353 $353

$309 $289

$342

$0

$50

$100

$150

$200

$250

$300

$350

$400

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Quarterly Revenue

2015 2013 2014

Service Provider

$130 $136

$118 $111

$131

$148

$121 $132

$164

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Segment Performance (Net Revenue, $ Millions)

$77 $75 $79

$75 $72

$79 $73

$63 $65

$0

$20

$40

$60

$80

$100

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

$155 $146

$152 $151 $150

$126

$115

$94

$113

$0

$20

$40

$60

$80

$100

$120

$140

$160

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Retail

Commercial

2015 2013 2014 2015 2013 2014

2015 2013 2014

Regional Net Revenue Performance (Net revenue, $ Millions)

$44 $45 $48

$50 $51 $52

$46 $48

$44

$0

$10

$20

$30

$40

$50

$60

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

$220 $211

$195 $188 $194 $195

$174 $172

$220

$0

$40

$80

$120

$160

$200

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Americas

$97 $100

$107 $100 $108 $106

$89

$68

$78

$0

$20

$40

$60

$80

$100

$120

$140

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

EMEA

APAC

2015 2013 2014 2015 2013 2014

2015 2013 2014

Operating Margin (Non-GAAP, % of Revenue)

9.9%

10.6%

9.7% 10.1%

10.6% 10.1%

9.2%

7.1%

10.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Operating Margin

2015 2013 2014

$0.58 $0.59 $0.59 $0.58

$0.72

$0.65

$0.46

$0.29

$0.67

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

$ per Share

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

2015 2013 2014

Cash Balance (Cash, Cash Equivalents and ST Investments, $ Millions)

$301

$248 $240 $243 $243

$257 $247

$213

$264

$0

$50

$100

$150

$200

$250

$300

$350

3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15

Cash Balance

Cash balance affected

by share repurchase

program

Investment Highlights

Exciting New Market Opportunities •The Internet of Things in Homes – Nighthawk and Arlo

• 21st Century SMBs – 10G/PoE Switches, WLAN and Storage

• Next Generation Service Providers – LTE, DOCSIS 3.1, vDSL, Fiber

Global Brand & Distribution Network Second To None •With 38,000 Retail Outlets and 30,000 Value Added Resellers Worldwide

Industry Leading Wireless Expertise •For both WiFi and LTE

Strong Balance Sheet •Debt free, strong cash flow