ARLO
Arlo Technologies, Inc.
ARLO's fundamentals are strong: revenue grew 17% and its operating margin went from −0.9% to 2.6%. At 51x earnings, it's trading in line with its usual 54x. Analysts expect that strong growth to continue.
ARLO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
ARLO's revenue, profitability, cash flow and balance sheet are all currently healthy.
ARLO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $11.83 | — |
| Cheap | 46x | $10.61 | -10% |
| Current | 51x | $11.83 | — |
| Fair | 54x | $12.51 | +5.8% |
| Expensive | 444x | $102 | +763% |
Historical ranges are pointers, not guarantees.
ARLO's PE is in its fair range at 51x. If earnings grow as analysts expect, today's price would be 12x next year's earnings, in its cheap range.
ARLO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ARLO, with profitability improving.
ARLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.99 | +329% |
| Q3 2026 | $0.23 | +667% |
| Q2 2026 | $0.28 | +$0.35 |
| Q1 2026 | $0.28 | +$0.50 |
| Q4 2025 | $0.14 | +$0.45 |
| Q3 2025 | $0.03 | +$0.28 |
| Q2 2025 | -$0.07 | +$0.15 |
| Q1 2025 | -$0.22 | -$0.04 |
| Q4 2024 | -$0.31 | -$0.07 |
ARLO earned $0.23 per share over the past year, about eight times what it earned the year before.
ARLO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $149.2M | +6.9% |
| Q2 2026 | $155.9M | +21% |
| Q1 2026 | $150.4M | +26% |
| Q4 2025 | $141.3M | +16% |
| Q3 2025 | $139.5M | +1.4% |
| Q2 2025 | $129.4M | +1.5% |
| Q1 2025 | $119.1M | -4.1% |
| Q4 2024 | $121.6M | -10% |
ARLO's revenue has grown year over year for six quarters in a row: $149M last quarter, up 6.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.7% | +0.1 points |
| Q2 2026 | 1.6% | +0.1 points |
| Q1 2026 | 5% | +6.3 points |
| Q4 2025 | 3.3% | +8.3 points |
| Q3 2025 | 0.6% | +4.6 points |
| Q2 2025 | 1.5% | +12 points |
| Q1 2025 | -1.2% | +7.3 points |
| Q4 2024 | -5% | -4.6 points |
ARLO's operating margin was 0.7% last quarter, about level with the same quarter a year ago.
ARLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.2M | +5.4% |
| Q2 2026 | $11.4M | +29% |
| Q1 2026 | $27.9M | -0.9% |
| Q4 2025 | $19.8M | +253% |
| Q3 2025 | $19.2M | +10% |
| Q2 2025 | $8.8M | +43% |
| Q1 2025 | $28.1M | +45% |
| Q4 2024 | $5.6M | -26% |
ARLO generated $79M in free cash flow over the past year, up 28% from the year before.
ARLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -215K shares |
| 1 year | +0.9% | +966K shares |
| 3 years | +17% | +16.4M shares |
| 5 years | +32% | +26.8M shares |
| Available history | +47% | +35.5M shares |
ARLO has 111M diluted shares, up 0.9% from a year ago, despite $63M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $14.1M |
| Q2 2026 | $22.9M |
| Q1 2026 | $7.3M |
| Q4 2025 | $18.8M |
| Q3 2025 | $10.7M |
| Q2 2025 | $910,000 |
| Q1 2025 | $15.2M |
ARLO spent $63M buying back its own shares over the past year.
ARLO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.2x | Net Cash |
| Q2 2026 | -4.5x | Net Cash |
| Q1 2026 | -7.7x | Net Cash |
| Q4 2025 | -14.6x | Net Cash |
ARLO has more cash than debt.
ARLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 25.6 | Neutral |
ARLO's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
ARLO PE vs Industrials Sector
| Metric | ARLO | Sector median | Relative |
|---|---|---|---|
| PE | 51x | 24x | 114% above |
| PE % | 42 | 58 | 16 pts below |
ARLO is trading at 51x earnings, a 114% premium to the Industrials sector's median of 24x.
ARLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.7 | 7.1% below |
| 20 week MA | $13.2 | 11% below |
| 50 week MA | $13.4 | 12% below |
| 100 week MA | $13.8 | 14% below |
| 200 week MA | $11.9 | 0.8% below |
ARLO is in a downtrend: it's below all five of its weekly moving averages, and 0.8% below its 200-week average.
ARLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.25 | $8.03 | +89% |
| 2021 | $8.03 | $10.2 | +27% |
| 2022 | $10.2 | $3.45 | -66% |
| 2023 | $3.45 | $9.52 | +176% |
| 2024 | $9.52 | $11.5 | +20% |
| 2025 | $11.5 | $14.2 | +23% |
| 2026 YTD | $14.2 | $11.8 | -16% |
ARLO's yearly returns have swung widely, from +176% in 2023 to −66% in 2022. It's down 16% so far in 2026.