November 15, 2016

Analyst Day 2016

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.

2

Safe Harbor Disclosure

Introduction by Patrick

Marketing Update

Arlo Smart Products

Whole Home WiFi

SMB Networking

Financial Update

Agenda

Patrick Lo

Introduction

Mission

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

Strategy for Growth

Distribution

Innovation

Brand

7

Strategy for Growth

Innovation

8

The New Arlo Category

Arlo Pro

+

Mobile

Introducing Arlo Go

WiFi Coverage Mobile Coverage

Two Arlo Categories

12

Innovative Technologies in New Categories

Arlo IoT Whole Home WiFi 10Gig Switching

Strategy for Growth

Distribution

13

Biggest Competitive Advantage

66% 18% 16%

WORLDWIDE: 28,000 retail outlets 27,000 VARs

Geographic net revenue breakdown for 3Q16

14

Global Brand and Distribution

Strategy for Growth

Brand

15

Heidi Cormack

Marketing Update

Targeting

Online

Engaging Content

17

Today’s Marketing

Global Online Tools Big Data Metrics

18

Marketing Innovation

Personalization

Expand reach

Build Communities

Encourage Brand Ambassadors

19

Building Brands Globally

Social Followers +210%

Page Total Reach +1192%

Engaged Users +765%

20

Social October 2016 YoY%

21

Community

23

New Arlo Pro

24

Intelligent Detection of People, Animals, Vehicles

Automatically eliminates noise (e.g. swaying trees)

Machine Learning Algorithms in the Arlo cloud

Receive Rich Notifications to your phone

Multiple Service Plan Options

Arlo Connects

26

$78 $83

$94

$111

$93

$103

$119

$152

$122

$139

$152

32% CAGR

Less than 10% of US Homes have a security camera

27 Source: NPD US Monthly Data, @ cash register

28 Source: The NPD Group / U.S. Weekly Retail Tracking Service, July 3, 2016- Oct. 1, 2016, based on dollar share

27%

13%

10% 9%

41%

All others with <6% share

Arlo Pro

+

Mobile Connectivity

David Henry

Whole Home WiFi

Orbi Original Nighthawk

Nighthawk and Orbi From 2013

Q3 2016 Q4 2013

Premium WiFi Routers Growing in the Market

33

2014 2015 2016 E

+24.4%

2016 YTD

Source: NPD US Monthly Data, September 2016, @ cash ring

Note: Does not include Wifi Systems or Gateways

Premium Routers: ASP >$201

$62M

$120M

$150M

Growing WiFi Router ASPs

34

$92

$103 $111

$91

$110

$120

2014 2015 2016 YTD

Total Mkt AVG Price NETGEAR AVG Price

Source: NPD US Monthly Data, September 2016, @ cash ring

Note: Does not include Wifi Systems or Gateways

NETGEAR ASP Grew 23% From Sept ‘14 to Sept ‘16

35

26%

50% 56%

2014 2015 2016

Source: NPD US Monthly Data, September 2016

Premium Routers: ASP >$200

NETGEAR Gaining Router Share

2013 2014 2015 2015

The Original Nighthawk Nighthawk X6 Nighthawk X4S Nighthawk X8

36

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

37

38

*OECD 2013

Drivers for Premium WiFi

# of IOT Devices Faster Broadband New Applications

by 2022

~50 1Gigabit

by 2022 VR Gaming

4K Streaming

Best User Experience

Carrier Aggregation 4x4 MIMO Antennas 256 QAM

Immersive VR Intense Gaming Media Streaming Video Broadcast

LTE CAT 16

Introducing Nighthawk Mobile Router

1 Gbps

WiFi Router DSL & Cable Range Extender

40

Extend Nighthawk Across Product Lines

Meet

42

Internet Box From ISP

Orbi Satellite

Orbi Router

Orbi Delivers High Performance WiFi Everywhere in Your Home

43

Orbi is the Winner in Mesh

“…Netgear Orbi delivers in spades,

quite literally solves the problem of

dead spots and it does so with

uncompromising performance.”

“Orbi simply blows away

its ‘mesh’ competition…”

“…the Orbi is the best Wi-Fi

system on the market.”

“…We were thoroughly impressed

with Netgear’s Orbi….”

“…Netgear Orbi is our top pick for

home Wi-Fi systems….”

Customer Reviews

44

A Voice From the Orbi Community

“I really wanted Eero to work and I had sunk a fair amount of money into

it with 6 eeros spread across my house but it just didn't fully satisfy me.”

“My house is roughly 4,500 square feet and I have Time Warner 300/20

service.”

“Orbi has blown me away. I'm now literally getting 250+ in every corner

of the house and in the main areas I'm easily getting ~300Mbps. Setup

was easy.”

“In my opinion – Orbi is a “fire and forget” system. Plug it in, set it up,

problem solved. Permanently.”

Post from user turnerm05 on 11/12/16

45

Easy Installation Apps

SMB Networking

John McHugh

47

48

Big Online Presence 1G, 10G; PoE; Form Factor User Experience

A Leader in SMB Networking

49

$1831M

$490M $470M

2016 SMB Networking • Web-managed Growing Fastest

• NETGEAR Leads With 31% Share WW (Infonetics 2015 full year web-managed share)

$ CAGR

‘12-’15

Port

CAGR

‘12-’15

Per port ASP

and price

erosion

$

CAGR

‘16-’19

Port

CAGR

‘16-’19

Managed* 4.5% 6.4% $57

(-1.8% pa) 1.1% 4.1%

Web

Managed 13.7% 14.5%

$7.7

(-0.8% pa) 7.1% 10.5%

Unmanaged 0% 5.7% $2.8

(-5.5% pa) 2.2% 5.2%

Overall 4.5% 6.9% $31

(-2.3% pa) 1.3% 5.3%

Infonetics July 2016

* Managed switching market is adjusted to represent only the SMB portion of the

market. Eliminating 25, 40 and 100Gbps, and eliminating Enterprise revenue.

Web-managed Unmanaged

Managed

Infonetics July 2016

Switching Market Opportunity

50

User Community

Community

Feedback

Loyalty

Awareness

Consideration

Preference

Purchase

22% 25%

50%

56%

Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16

NPD & Context Sept’16 10G switching < $10K

Overall Market

NETGEAR

Leading the Move to Transactional Channels

% of Online/Store Sales Switches

Sales of New Products by Year Introduced

$2.1M 2015

$1.0M 2014

$7.0M 2016

51

New Switches Introduced in 2014 3 in 2015 5 in 2016 14 More in 2017

Impactful Product Launches

52

$580 $643 $757 $574 $376

$1,677 $2,050

$2,230 $2,240

$2,324

$1,617

$1,481 $942

$1,941 $2,108

Q3'15 Q4'15 Q1'16 Q2'16 Q3'16

NPD & Context Sept’16 10G switching < $10K

Managed

Plus

Smart

NETGEAR 10GbE Growing 24% T

ho

usand

s

53

Cisco

NPD & Context Sept’16 10G switching < $10K

Dlink Dell

Others

NETGEAR

NETGEAR Continues to Lead 10GbE

54

Non-stop Switching,

Non-stop Routing Half Width, 100% Uptime

ProSAFE® M4300 Intelligent Edge Series

55

XS716E - 10-Gigabit Web Managed

Most Cost-effective 10-Gigabit Switch

Dell’Oro Jan’15

Multi-Gig is the Next Generation

56

Wave 1 Wave 2

Gigs Simultaneous Users

4

1

1 Gig

2.5 Gig

2010 2015

1 User

4 Users

57

WAC740

4x4 dual band Wave 2

Native 2.5Gbps

M4200

Up to 8 Wave 2 APs

PoE+, non-blocking

ProSAFE® Multi-Gig Offerings

58

LED In The RJ45 Jack Web Management Lightweight Web Cloud User Experience

1996 2003 2010 2017

Creating a New User Experience

59

Best User Experience Leadership in Technology Versatile Form Factor

SMB Critical Success Factors

100Mbps, 1Gbps,

2.5Gbps, 5Gbps,

10Gbps

Multi-speed

Christine Gorjanc

Financial Update

61

10% CAGR for Combined RBU & CBU Revenue

Manage SPBU Revenue, Focus on Profitability

Gross Margin Expansion

Double Digit Operating Margin

Meaningful YoY EPS Growth

2016 Financial Targets - Achieved As Presented at Last Year’s Analyst Day

62

$821M $814M $879M

$1,031M

FY'13 FY'14 FY'15 FY'16E*

17% YoY Growth

Non-Carrier Net Revenue On Track to Beat FY16 Target

*FY’16 Non-Carrier net revenue estimate calculated using mid-point of implied 4Q16 Non-Carrier revenue guidance, which is arrived at by excluding $55 million of Carrier net revenue as guided on NETGEAR’s 3Q16 earnings

call.

Q3 YTD Actual

Mid point Q4 Guidance

63

$548M $580M

$421M

$277M $52M

$48M

$39M $44M

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

$0

$100

$200

$300

$400

$500

$600

FY'13 FY'14 FY'15 FY'16E*

Service Provider Net Revenue Service Provider Contribution Profit $'s

Transformation of Service Provider Business Profitability

*FY’16 Carrier net revenue estimate calculated using YTD actuals and $55 million for 4Q16 as guided on NETGEAR’s 3Q16 earnings call. Contribution margin calculated using actual experience through 9 months ended 3Q16.

10.2% 10.1% 9.5%

11.6%

FY'13 FY'14 FY'15 FY'16YTD

2.29 2.54

2.23

3.00

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

64

Non-GAAP Margin Expansion and EPS Growth

Gross Margin % Expansion

Double Digit Operating Margin

Meaningful YoY EPS Growth

29.5% 29.5% 29.2%

32.3%

FY'13 FY'14 FY'15 FY'16YTD

Co

nsen

su

s

65

Strategic Capital Allocation

R&D Investment M&A Share Buyback

$

Opportunistic Return of Capital

$63M

$91M

$118M

$23M

$40M

$69M

$90M $96M

$124M

FY'12 FY'13 FY'14 FY'15 YTD Q3'16

Share Repurchases Free Cashflow

66

Used >90% FCF for buyback over last three years

67

Invest in R&D for Growth Categories

Continue to Enter New Product Categories

Marketing Investment in Brands

Premium Customer Experience

Driving the Business in 2017

68

$821M $814M $879M $1,031M

$548M $580M $421M $277M

10.2% 10.1%

9.5%

11.5%

8.0%

9.0%

10.0%

11.0%

12.0%

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

FY'13 FY'14 FY'15 FY'16E*

Non-Carrier Net Revenue Service Provider Net Revenue Non-GAAP Operating Margin

Increasingly Stable, Profitable Business Mix

*FY’16 net revenue estimate calculated using mid-point of 4Q16 revenue guidance as provided on NETGEAR’s 3Q16 earnings call.

69

Drive Overall NETGEAR Topline Growth

10% CAGR for Combined RBU & CBU Revenue

SPBU Revenue $55 Million Per Quarter

Full Year 2017 11%-12% Non-GAAP OM%

Deliver YoY EPS Growth

2017 Financial Targets