ADTRAN Q2 revenue $327.4M (+90% YoY), net loss $33.3M; Q3 guidance well below consensus

ADTRAN Holdings, Inc.

2023-Q2 EPS reported -$0.87 revenue$651,290,000

Q2 GAAP revenue $327.4M, up 90% YoY; net loss $33.3M, diluted EPS -$0.43.
Non-GAAP net income $0.1M, EPS $0.00, down 99% YoY.
Q3 GAAP revenue guidance $275-305M, 11-20% below analyst consensus of $342M.
Q3 non-GAAP op margin guidance -5% to 0%, versus consensus 3.7%.
Board declared $0.09 quarterly dividend, payable Sept 5, 2023.

item 2.02 item 7.01 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 third quarter 2023 results: revenue $275 million to $305 million. Guidance lowered.

Period: third quarter 2023
Revenue: $275 million to $305 million
Guidance: lowered
Result: guidance update

Exact text from the filing

ADTRAN Holdings, Inc. (“ADTRAN Holdings” or the “Company”) (NASDAQ: ADTN; FSE: QH9), expects the Company’s guidance range for the third quarter 2023 to deviate from analyst consensus as follows: • The guidance range for GAAP revenue is expected to be between $275 million to $305 million and between 20% and 11% below analyst consensus ($342 million).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADTRAN Holdings, Inc. reported second quarter of 2023 results: revenue $327.4 million, net income -$33.3 million, EPS -$0.43.

Period: second quarter of 2023
Revenue: $327.4 million
Net income: -$33.3 million
EPS: -$0.43
Result: reported results

Exact text from the filing

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its financial results for the second quarter of 2023. For the quarter, revenue was $327.4 million, up 90% year-over-year and 1% quarter-over-quarter. Net loss attributable to the Company for the second quarter of 2023 was $33.3 million, down 1,655% year-over-year and up 3% quarter-over-quarter. Consequently, diluted loss per share attributable to the Company for the quarter was $0.43, down by 1,175% year-over-year and up 2% quarter-over-quarter.

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ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-204377

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