Buyback Radar
Company reports

Netgear

NTGR

Netgear has retired 29.3% of its shares since 2012, from 38,441,068 to 27,179,021.

29.3%retired since 2012
7.1%last 5 years
4.3%last 12 months
27Mshares today
Shares outstanding, 2003 to todaysplit adjusted, from SEC filings
a quarter gone 202438M shares, 201227M20052010201520202025
2003, 29,654,7772026-07-30, 27,179,021
A share bought in 2003
1.1× more of Netgear today, without buying another share. It was one of 29,654,777 shares then. It is one of 27,179,021 now.
Every filing we read23 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20032004-02-2029,654,77710-Kcover page
20042005-02-2531,681,54110-Kcover page
20052006-02-2833,053,88310-Kcover page
20062007-02-1634,323,92810-Kcover page
20072008-02-1535,327,06610-Kcover page
20082009-02-1734,376,65010-Kcover page
20092010-02-1634,881,82710-Kcover page
20102010-12-3136,173,40610-K/A
20112012-02-2137,803,23610-K/A
20122013-02-1938,441,06810-K
20132014-02-1836,459,94410-K
20142015-02-1334,714,78010-K
20152016-02-1232,418,41410-K
20162017-02-1732,931,70610-K
20172018-02-0931,381,18210-K
20182019-02-1531,505,70210-K
20192020-02-1129,453,99810-K
20202021-02-0930,600,74610-K
20212022-02-1129,360,52010-K
20222023-02-1028,912,19910-K
20232024-02-0929,661,35110-K
20242025-02-0728,868,94010-K
20252026-02-0628,113,15110-K

Source: all 10-K filings of Netgear on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2013 to 2025cash flow statement against share count
$739Mspent on buybacks
10Mfewer shares outstanding
$37average price paid per share bought back
8.5%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $22.05.

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Netgear buybacks, answered

Is Netgear buying back its stock?

Yes. Netgear has 4.3% fewer shares outstanding than twelve months ago, 27,179,021 as of July 30, 2026. Over five years the share count is down 7.1%.

How many shares has Netgear bought back?

Net of every new share it issued, Netgear has 11.3 million fewer shares than at its 2012 peak. That is 29.3% of the company. Since fiscal 2013 alone it bought back about 20.0 million shares, while the count fell by 9.3 million. The difference went to employees and other new shares.

How many shares does Netgear have outstanding?

27,179,021 shares, as of July 30, 2026, from the cover page of its latest 10-Q. At the 2012 peak it had 38,441,068.

What do Netgear's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Netgear stock in 2012 owns 1.4 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Netgear compare with other cannibal stocks?

Netgear ranks No. 276 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Pfizer (29.4%), Academy Sports (29.3%), Timken (29.2%), World Kinect (29.2%).

Every answer is computed from Netgear's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Chuck RoyceRoyce & Associates687,977 shares, $16.1M, Q2 2026
First EagleFirst Eagle Investment Management1,222,490 shares, $28.5M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Netgear in depth on Cannibal Stocks.

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