Quarterly ResultMay 5, 2026, 09:12 AM
ADTRAN Q1 Revenue +15.5% to $286.1M; Loss per Share $(0.01)
AI Summary
ADTRAN Holdings, Inc. reported a significant improvement in its first quarter 2026 financial results, with total revenue increasing by 15.5% to $286.1 million and the net loss attributable to the company narrowing to $(1.3) million, or $(0.01) per share, compared to a $(11.3) million loss in the prior year. Operating income also turned positive at $6.4 million. The company continues to manage obligations under the DPLTA and plans to refinance its credit agreement in Q2 2026, while also addressing previously identified material weaknesses in internal controls.
Key Highlights
- Total revenue increased 15.5% to $286.1 million for Q1 2026, up from $247.7 million in Q1 2025.
- Net Loss attributable to ADTRAN Holdings, Inc. was $(1.3) million, or $(0.01) per share, for Q1 2026.
- This compares to a net loss of $(11.3) million, or $(0.14) per share, in Q1 2025.
- Operating income for Q1 2026 was $6.4 million, a significant improvement from an operating loss of $(4.0) million in Q1 2025.
- Network Solutions revenue rose to $237.9 million in Q1 2026 from $202.2 million in Q1 2025.
- Net cash provided by operating activities decreased to $12.7 million in Q1 2026 from $43.2 million in Q1 2025.
- Cash and cash equivalents stood at $88.3 million as of March 31, 2026, down from $95.7 million at December 31, 2025.
- The company intends to refinance its $319.2 million Credit Agreement in Q2 2026.