ADTN
ADTRAN Holdings, Inc.8.59
+0.22+2.63%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
688.20MP/E (TTM)
-Basic EPS (TTM)
-0.96Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
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.
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