Quarterly ResultAug 4, 2026, 06:42 AM
ADTRAN Q2 Revenue $281.1M, Non-GAAP EPS $0.04
AI Summary
ADTRAN Holdings, Inc. reported second quarter 2026 financial results with revenue of $281.1 million, a 6.1% increase year-over-year, and non-GAAP diluted earnings per share of $0.04. The company's non-GAAP gross margin was 40.7% and non-GAAP operating margin was 3.8%. ADTRAN also announced the refinancing of its credit facility, securing $350 million with improved terms and an extended maturity to 2031. The CEO noted strong demand in optical networking and significant growth in cloud providers/hyperscalers, enterprise, and government customers, despite some near-term factors affecting the quarter.
Key Highlights
- Q2 2026 revenue was $281.1 million, up 6.1% year-over-year.
- Non-GAAP diluted earnings per share was $0.04, compared to ($0.00) a year ago.
- Non-GAAP gross margin was 40.7%, while non-GAAP operating margin was 3.8%.
- Net cash provided by operating activities for Q2 2026 was $25.9 million.
- Optical Networking Solutions revenue grew 22% year-over-year to $109.7 million.
- Enterprise/ICP customer revenue increased 47% year-over-year, now 25.4% of total revenue.
- Refinanced credit facility for $350 million, reducing borrowing costs by ~200 bps and extending maturity to 2031.
- Q3 2026 revenue guidance is $275.0 million to $295.0 million, with non-GAAP operating margin of 1.5% to 5.5%.
Price Impact
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