ADTRAN Holdings, Inc.
10.15-0.14 (-1.36%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ADTN · USD
Key Stats
Market Cap
812.53MP/E (TTM)
-Basic EPS (TTM)
-1.22Dividend Yield
0%Recent Filings
8-K
ADTRAN prices $175M convertible notes
ADTRAN Holdings priced an upsized $175 million offering of 3.75% convertible senior notes due 2030 on September 17, 2025, with closing expected September 19; initial purchasers hold an option for $26.25 million more. The deal amends the Wells Fargo credit agreement to allow the issuance despite limits on convertible debt, directing net proceeds—estimated at $168.1 million—to fund capped call hedges, repay $152.8 million in borrowings, and cover fees. Capped calls cap dilution at $15.51 per share, 75% above the $8.86 closing price, yet hedging by counterparties could sway stock volatility. Notes rank senior unsecured but subordinate to secured credit obligations.
8-K
ADTRAN Q2 revenue surges 17%
ADTRAN Holdings reported Q2 2025 revenue of $265.1 million, up 17% year-over-year, beating expectations amid rising demand for fiber networks driven by AI and cloud needs. Non-GAAP gross margin held at 41.4%, while operating margin improved to 3.0%, supported by $32.2 million in operating cash flow that bolstered the balance sheet. Bookings signal momentum. Yet risks linger from economic shifts and high-risk vendor dynamics.
10-Q
Q2 FY2025 results
ADTRAN Holdings posted solid Q2 gains, with revenue jumping 17.3% year-over-year to $265.1M, fueled by normalized customer spending and fiber expansions across segments—Network Solutions up 22.5% to $219.5M, while Services & Support dipped 2.6% to $45.6M. Gross margins expanded to 37.3% from 36.0%, thanks to cost efficiencies from the completed Business Efficiency Program, though operating loss narrowed to $13.3M from $38.5M amid lower R&D spend. Cash climbed to $106.3M, with operating cash flow at $75.3M for the half-year, supporting $190.2M in revolving debt at 8.55% average rate; revolver availability stands at $66.8M under covenants. Yet, DPLTA obligations loom, with potential $385.2M exit payouts tied to ongoing German appraisal proceedings.
8-K
Annual meeting results and 2026 date set
ADTRAN Holdings' stockholders at the July 24, 2025 annual meeting elected seven directors, including Kathryn A. Walker with 54.2 million for votes, while Balan Nair faced notable opposition at 13.4 million against. They advisory-approved executive compensation and ratified PwC as auditors for 2025. The board set the 2026 meeting for May 13, shifting over 30 days early; proposals due by December 1, 2025. This advances governance continuity amid adjusted timelines.
8-K
Q2 revenue tops guidance
ADTRAN Holdings announced preliminary Q2 2025 revenue of $262.5 million to $267.5 million on July 16, beating its prior guidance range of $247.5 million to $262.5 million. Strengthened business conditions and rising customer demand drove the upside, signaling improved market dynamics for its networking solutions. Full results follow August 4. Revenue beats guidance.
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