secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097240
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312523097240/0001193125-23-097240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312523097240/d499918d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097240

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