Welcome to SG, and yes, your question makes perfect sense.
ISP residential speeds are shared bandwidth, and rated "up to" that rated speed.. So you may not get it in peak hours and weekends when all your neighbors are streaming video. It also depends where/how you are testing from. That said, I just looked up the specs of the Linksys EA6500 and it should have Gigabit WAN(Internet) port as well..
https://www.speedguide.net/routers/l...r-ac-1750-2594 Yes, it is an older model, but it should be able to handle more than 100 Mbps.
Does your ISP provide their own router/modem that connects to the ONT? I would try to disconnect the EA6500 and connect your own client device via Ethernet to the ISP's router to see if you get any better speed reading. If you're getting similar speeds you could eliminate the Linksys for being the culprit at all.
Here are some more troubleshooting questions that may help:
Is your client connection showing that you're connected with Gigabit speed?
Does it show speed in Megabits/s or Megabytes/s?
If you try a speed test from speedtest.net with two devices at the same time (phone+macbook), does the speed get split in half?
Does WiFi speed differ from the Ethernet one?
If your ISP provides their own speed test, does it show different speeds?
Other than that, most current generation routers made in the past ~5 years should be able to handle over 500 Mbps. I have a 500 Mbps AT&T Fiber that I use with an Asus RT-AC86U, before that RT-AC68U (2013 model), both are able to handle 500 Mbps over Ethernet just fine.
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