ADTN · ADTRAN Holdings, Inc.
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. ADTRAN reported Q2 revenue of $281.1M (up 6.1% YoY) that missed its prior guidance due to a single-customer project timing shift combined with supply-constrained, unfavorable product/customer mix that pressured non-GAAP gross margin to 40.7% and non-GAAP operating margin to 3.8%; management issued Q3 guidance of $275–295M revenue and 1.5%–5.5% non-GAAP operating margin.
- + Optical networking revenue grew 22% YoY and 13% sequentially to $109.7M on broad-based AI/cloud demand.
- + Enterprise/government/cloud revenue grew 47% YoY and hyperscaler revenue grew 97% YoY, diversifying the customer base.
- + Non-GAAP operating income rose to $10.6M (3.8% margin) from $8.0M (3.0%) a year ago on higher revenue.
- + Refinanced credit facility reduces borrowing costs by ~200 bps, preserves $350M capacity, and extends maturity to 2031.
- + Q2 generated $25.9M operating cash flow and $8.7M free cash flow, a $12M sequential FCF improvement.
- − Q2 revenue and margins fell short of prior guidance due to a single-customer project timing shift.
- − Tight component supply constrained shipments of higher-margin products, and management does not expect near-term relief.
- − Q3 outlook of $275–295M revenue and 1.5%–5.5% non-GAAP operating margin implies continued margin pressure and a midpoint operating margin below Q2.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ADTN
this stock
ADTRAN Holdings, Inc.
|
$554.48M | -21.3% | +17.5% | — | 15.4% |
|
CSCO
Cisco Systems, Inc.
|
$427.06B | +39.7% | +2.8% | 32.5 | 1.5% |
|
LITE
Lumentum Holdings Inc.
|
$84.47B | +163.5% | +24.6% | — | 7.3% |
|
HPE
Hewlett Packard Enterprise Co
|
$83.55B | +166.0% | +13.8% | 32.4 | 4.2% |
|
MSI
Motorola Solutions, Inc.
|
$75.61B | +16.3% | +5.7% | 36.0 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ADTN | -3.9% | -8.5% | -53.9% | -11.8% | -21.4% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -3.2% | -8.6% | -66.1% | -11.2% | -33.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.