ADTRAN Holdings, Inc. reported nine-month revenue of $848.4 million, up 7.1%, as Optical Networking Solutions revenue increased $49.8 million. Gross margin was 38.3%, or 37.7% excluding tariff refunds.
Our revenue increased 0.6% from $279.4 million for the three months ended September 30, 2025, to $281.2 million for the three months ended September 30, 2026, and increased 7.1% from $792.2 million for the nine months ended September 30, 2025, to $848.4 million for the nine months ended September 30, 2026.The increase in revenue by category for the nine months ended September 30, 2026, was primarily attributable to a $49.8 million increase in Optical Networking Solutions products, a $5.6 million increase in Subscriber Solutions products and a $0.8 million increase in Access & Aggregation revenue.As a percentage of revenue, gross profit increased from 38.3% for the three months ended September 30, 2025, to 38.5% for the three months ended September 30, 2026, and increased from 38.0% for the nine months ended September 30, 2025, to 38.3% for the nine months ended September 30, 2026.Excluding the effects of the tariff refunds, gross profit would have been 36.5% and 37.7% for the three months ended September 30, 2026 and for the nine months ended September 30, 2026, respectively.Unless the context otherwise indicates or requires, references in this Quarterly Report on Form 10-Q to "Adtran", the "Company," "we", "us" and "our" refer to ADTRAN Holdings, Inc. and its consolidated subsidiaries.Open the document at this passage
ADTRAN Holdings Inc. reported third-quarter revenue of $281.2 million as hyperscaler revenue grew more than 200% year-over-year; supply constraints prevented tens of millions of dollars from shipping. Fourth-quarter revenue is guided to $272 million to $292 million.
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Revenue for the quarter was $281.2 million, up approximately 1% from the prior year and in line with the prior quarter.Revenue from hyperscaler customers grew more than 200% year-over-year.there was tens of millions of dollars we could have shipped if we had more supplywe expect revenue to be between $272 million and $292 millionOpen the document at this passage
ADTRAN Holdings, Inc. reported third-quarter revenue of $281.2 million, up 0.6% year-over-year, while net cash used in operating activities was $24.5 million. Fourth-quarter revenue guidance is $272.0 million to $292.0 million, with non-GAAP operating margin of 1.0% to 5.0%.
Financial results, Regulation FD disclosureRead from the first part of this long document4 source passages
ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” “ADTRAN” or the “Company”) today announced its unaudited financial results for the third quarter ended September 30, 2026.Revenue: $281.2 million, up 0.6% year-over-year.Net cash used in operating activities of $24.5 million.For the fourth quarter of 2026, the Company expects revenue to be within a range of $272.0 million to $292.0 million. Non-GAAP operating margin is expected to be within a range of 1.0% to 5.0% reflecting historical seasonality, availability of supply and timing of large customer projects.Open the document at this passage
ADTRAN Holdings, Inc. increased its Board from seven (7) to eight (8) directors and elected Christian Terlinde as an independent director effective October 27, 2026.
TL;DR.Optical and hyperscaler growth remained strong, non-GAAP gross margin improved sequentially, EPS increased, and management expects better cash conversion. Revenue was slightly below the guidance midpoint, while supply and component-cost pressure, lower operating income, negative free cash flow and fourth-quarter seasonality and project-timing risks remained concerns.
Bullish
+Enterprise, government and cloud revenue grew 44% year over year and increased to 28% of revenue from 19.5% a year ago.new
+Enterprise revenue continued to deliver double-digit year-over-year growth.new
+Non-GAAP diluted earnings per share increased to $0.09 from $0.05 a year earlier and $0.04 in the prior quarter.new
Bearish
−Third-quarter revenue came in slightly below the midpoint of management's guidance range.new
−Supply constraints prevented the shipment of tens of millions of dollars of available product.new
−Access and aggregation revenue fell 10% sequentially, while subscriber solutions revenue declined 13% year over year.new
−Underlying gross margin remained pressured by higher component costs and product and customer mix despite tariff refunds.new
−Fourth-quarter guidance calls for revenue of $272.0 million to $292.0 million and non-GAAP operating margin of 1.0% to 5.0%, reflecting seasonality, supply availability and large-project timing.new
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Sell
SellHoldBuy
TechnicalStrong SellMomentumVery WeakSentimentBullishFundamentalsExcellentQuant / VolVery High
200 of 251 funds reported for Sep 30 · net -2.5M sh shares · +24 new
Insider flowAccumulating
Net +$847.0K over 90 days · 0% sells
Short interestFalling
14.83% of shares out · ▼ -3.7% MoM · 9.1 days cover
Volume signalNormal
Volume near normal
Institution breadthMulti-yr high
251 holders — near 3-yr high, broad support
Squeeze score74
high risk · 0–100
Fundamentals
Excellent
Revenue growth+17%
Y/Y
Gross margin38%
expanding
EPS growth+91%
Y/Y
Free cash flow$98.0M
Quant / Vol
risk profile
Very High
Volatility67%
annualized · 1-yr
Max drawdown−79%
past year
ATR8.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
ADTRAN Holdings, Inc. reported nine-month revenue of $848.4 million, up 7.1%, as Optical Networking Solutions revenue increased $49.8 million. Gross margin was 38.3%, or 37.7% excluding tariff refunds.
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.
