The consumer segment ended the quarter with gross margin of 29.4% for a year-over-year improvement of 520 basis points. The profitability was once again aided by an improved mix of Wi-Fi 7 products, along with a lower service provider mix and improved returns experience with some offset from increased memory costs. We were able to improve contribution margin within the consumer business by 160 basis points year-over-year due to the improved gross margin coupled with thoughtful expense management, which enabled us to maintain our margin expansion trajectory year-over-year despite mounting impact from rising memory costs.

Apr 29, 2026 / CEO / receipt, needs a key / CJ Bryan, CEO | earnings call 2026-04-29 | transcript 1ae4d766-2818-4f8b-a102-d76fbc877fc7 | chars 23106-23733 | segment 23