ADTRAN Q3 rev $272.3M misses $275-305M guidance; GAAP op margin -30.2%

ADTRAN Holdings, Inc.

2023-Q3 EPS reported -$1.79 revenue$923,621,000

Preliminary Q3 revenue $272.3M, below guidance range $275-305M, primarily due to stronger USD.
GAAP operating margin -30.2%, impacted by one-time adjustments; non-GAAP op margin -1.9% (within -5% to 0% guidance).
Customer count grew but customers expected to manage inventory conservatively and cut capex in Q4.
Final Q3 results to be released on Nov 6/7, 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 0.92

ADTRAN Holdings, Inc. reported fiscal quarter ended September 30, 2023 results: revenue $272.3 million.

Period: fiscal quarter ended September 30, 2023
Revenue: $272.3 million
Result: preliminary results

Exact text from the filing

quarter ended September 30, 2023. All results in this release are approximate due to the preliminary nature of the announcement. For the third quarter, preliminary revenue was $272.3 million as compared to the Company’s prior guidance range of $275 million to $305 million. The resulting preliminary GAAP operating margin for the third quarter was -30.2%, and it was

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Source: SEC EDGAR

accession 0001193125-23-257289

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