February 7, 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 44 through 64, in the Company's quarterly report on Form 10-Q for the fiscal quarter ended October 2, 2016, filed with the Securities and Exchange Commission on November 4, 2016. 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

2013 2014 2015 2015

The Original Nighthawk Nighthawk X6 Nighthawk X4S Nighthawk X8

6

Nighthawk - Innovation in Premium WiFi

AD7200 Smart WiFi Router

®

Introducing the Nighthawk X10

New Ultra High Speed 802.11ad

1.7GHz Quad Core Processor

Plex Media Server Support

Ultimate 4K Streaming & VR Gaming

MSRP $499.99

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DSL & Cable Range Extender Switching LTE Mobile Router

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Nighthawk – Extended Across Product Lines

9

New Arlo Pro…

10

Arlo Pro

+

Mobile Connectivity

Seamless WiFi roaming in

the covered area

1 dedicated 5GHz band for

inter-Orbi stations traffic

Up to 2x Faster Than Any Competing Solutions

The World’s First Tri-Band WiFi Mesh System

Covers homes up to 4,000 sq. ft.

with 2 Orbi stations

Meet Orbi

2 dedicated bands (2.4GHz and

5GHz) for end user WiFi traffic

Add more Orbi stations to cover

bigger homes, front and backyards

Consistent high speed WiFi at

every corner of the house

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!

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Brand

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High End WiFi Router Market Share NPD, AC1800-AC5400, US 4Q16

51%

26%

13%

7% 1%

1% 0% 0% 0% NETGEAR

Linksys Group

ASUS

TP-Link

D-Link

Belkin

Synology Inc

Amped Wireless

All Others

Source: The NPD Group / U.S. Monthly Retail Tracking Service, Routers, Multiband Transmission Speed: 1800 Mbps- 5400

Mbps, Wireless Technology: 802.11ac, 4Q16, based on dollar share

18

IP Camera Market Share NPD, US 4Q16

31%

16%

8%

10%

7%

7%

3%

2%

2%

2%

2%

11%

NETGEAR

Nest / Dropcam

Samsung

Night Owl Security

Lorex

Swann Communications

Canary Communications

D-Link

Dps

Amcrest Technologies

Ring

All Others

Source: The NPD Group / U.S. Monthly Retail Tracking Service, 4Q16, based on dollar

share

19

Core Switches Market Share NPD, Retail, US 4Q16

57%

14%

10%

5%

4%

3% 3%

1% 1% 1%

2%

NETGEAR

TP-Link

Ubiquiti Networks

Cisco Systems

Linksys Group

TRENDnet

D-Link

Luxul Wireless

Zyxel

Hewlett Packard

All Others

Source: The NPD Group / U.S. Monthly Retail Tracking Service, Networking Devices,

Hubs, Switches, 4Q16, based on dollar share

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Distribution

Global Brand and Distribution Biggest Competitive Advantage

69% 19% 12%

WORLDWIDE: 31,000 retail outlets 28,000 VARs

Geographic net revenue breakdown for 4Q16

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22

Financials

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Quarterly Net Revenue (Net Revenue, $ Millions)

$353

$309

$289

$342 $361

$310 $312

$339

$368

$0

$50

$100

$150

$200

$250

$300

$350

$400

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2014 2015 2016

24

Segment Performance (Net Revenue, $ Millions)

$148

$121 $132

$164

$198

$158 $171

$194

$241

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$220

$240

$260

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

$126 $115

$94

$113

$99

$84

$67 $71

$51

$0

$20

$40

$60

$80

$100

$120

$140

$160

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

$79 $73

$63 $65 $64 $68

$74 $73 $75

$0

$20

$40

$60

$80

$100

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Retail

Commercial

Service Provider

2014 2015 2016 2014 2015 2016

2014 2015 2016

25

Regional Performance (Net Revenue, $ Millions)

Americas

APAC

EMEA

$195

$174 $172

$220 $232

$194 $211

$225

$254

$0

$40

$80

$120

$160

$200

$240

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

$106

$89

$68

$78 $87

$65

$52 $60

$69

$0

$20

$40

$60

$80

$100

$120

$140

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

$52

$46 $48

$44 $42

$52 $49

$53

$45

$0

$10

$20

$30

$40

$50

$60

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2014 2015 2016 2014 2015 2016

2014 2015 2016

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Operating Margin (Non-GAAP, % of Revenue)

10.1%

9.2%

7.1%

10.3% 10.8%

11.9% 11.6% 11.5% 11.4%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2014 2015 2016

27

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

$0.65

$0.46

$0.29

$0.67

$0.83

$0.74 $0.72

$0.76

$0.88

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2014 2015 2016

28

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

$257 $247

$213

$264 $278

$333 $353

$403

$366

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16

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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