ADTRAN pre-announces Q1 revenue of $322-326M, below guidance of $355-375M

ADTRAN Holdings, Inc.

2023-Q1 EPS reported -$0.44 revenue$323,912,000

Preliminary Q1 revenue $322M-$326M, missing guidance of $355M-$375M due to customer inventory corrections.
GAAP operating margin expected -14% to -17%; non-GAAP operating margin -1% to -2.5%.
Subscriber Solutions impacted by customer inventory corrections; Access & Optical Networking grew sequentially.
CEO expects inventory issues transitory with improvement in Q2; company adjusting expenses near term.
Final Q1 results scheduled for release on May 8/9, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADTRAN Holdings, Inc. reported fiscal quarter ended March 31, 2023 results: revenue expected to be between $322 million and $326 million.

Period: fiscal quarter ended March 31, 2023
Revenue: expected to be between $322 million and $326 million
Result: preliminary results

Exact text from the filing

31, 2023. All figures in this release are approximate due to the preliminary nature of the announcement. For the first quarter, preliminary revenue is expected to be between $322 million and $326 million as compared to our guidance of $355 million to $375 million. This was primarily due to customer inventory corrections which impacted our Subscriber Solutions

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-097240

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.