ADTN
ADTRAN Holdings, Inc.8.59
+0.22+2.63%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details BEAD, Huawei drivers
Q&A affirmed steady demand momentum across US fiber and European optical, spotlighting BEAD funds flowing imminently in states like Louisiana and EU legislation accelerating Huawei replacement—a $1B annual EMEA opportunity in their product areas. Enterprise ICPs and MOFN carrier deals fueled optical wins beyond hyperscalers, with Tier 1/2 customers ramping. Wide Q1 margin range drew questions, but management called it normal amid memory tightness, sticking to 42-43% gross. Asset sales updates: East Tower leaseback paused, others progressing. Europe telco orders may even out from last year's 60/40 front-load. BEAD dollars finally flow. Watch Huawei share and BEAD execution.
Key Stats
Market Cap
688.20MP/E (TTM)
-Basic EPS (TTM)
-0.96Dividend Yield
0%Recent Filings
8-K
Q4 revenue beats, margins expand
ADTRAN Holdings reported Q4 2025 revenue of $291.6 million, up 20.1% year-over-year, beating prior outlook amid fiber demand surge. Non-GAAP gross margin hit 42.5%, operating margin 6.4%, with $42.2 million operating cash flow. Q1 2026 guides $275-295 million revenue, 4-8% non-GAAP operating margin. Momentum builds, yet RNCI obligations linger.
8-K
Q4 revenue beats guidance
ADTRAN Holdings beat Q4 revenue guidance with $290M-$293M versus $275M-$285M prior range, fueled by strong demand despite year-end seasonality. GAAP operating margin hit 1.4%-1.7%; non-GAAP 6.0%-6.9% in line. Full-year revenue $1.08B; non-GAAP EPS tops consensus. Figures preliminary, subject to quarter-end tweaks.
8-K
Glingener contract extended
Adtran Networks amended CTO Christoph Glingener's employment agreement on December 9, 2025, extending it through December 31, 2026 while hiking base salary to €400,000 from October 1, 2025. Incentives tie to revenue and Adjusted EBIT (60% target bonus), RSUs, and TSR PSUs (40% each), all capped at €2.8M total pay. Leadership continuity secured. Clawback provisions apply.
10-Q
Q3 FY2025 results
ADTRAN Holdings posted Q3 revenue of $279M, up 22.7% y/y from $228M yet flat q/q as Network Solutions surged 28% on Optical and fiber demand. Gross margin expanded to 38.3% from 36.5%, trimming operating loss to $2.8M from $26.1M while SG&A and R&D held steady. Operating cash flow stayed robust at $88M YTD; cash hit $94M with revolver at $25M and fresh $201M convertible notes due 2030 at 3.75%. Revenue rebounded on customer replenishment. DPLTA drags with $10M annual recurring payouts. Debt covenants bind tightly.
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