---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-271842"
form_type: "8-K"
ticker: "ADTN"
cik: "0000926282"
company_name: "ADTRAN Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:40:56.564199+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ADTRAN Q3 revenue $272.3M, net loss $0.93; suspends dividend, Q4 guidance well below consensus

## Summary
- GAAP revenue $272.3M, below guidance; GAAP net loss $72.7M ($0.93 diluted loss per share).
- Non-GAAP net loss $10.8M ($0.14 diluted loss); non-GAAP gross margin 40.3%.
- Goodwill impairment $37.9M and inventory write-off $21.0M hit GAAP results.
- Business efficiency program targets $90M non-GAAP opex reduction in 2024 vs 2023; quarterly dividend suspended.
- Q4 2023 revenue guidance $210-240M (consensus $287.8M); non-GAAP op margin -7% to 0%.

## SEC filing metadata
- accession: 0001193125-23-271842
- form_type: 8-K
- ticker: ADTN
- cik: 0000926282
- company_name: ADTRAN Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926282/000119312523271842/0001193125-23-271842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926282/000119312523271842/d578796d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-271842
- JSON: https://secwatch.observer/filing/0001193125-23-271842.json
- Plain text: https://secwatch.observer/filing/0001193125-23-271842.txt

## Key facts
- Earnings Releases
  ADTRAN Holdings, Inc. reported the fiscal quarter ended September 30, 2023 results: revenue $272.3 million, net income $72.7 million, EPS $0.93. Guidance lowered.
  - Period: the fiscal quarter ended September 30, 2023
  - Revenue: $272.3 million
  - Net income: $72.7 million
  - EPS: $0.93
  - Guidance: lowered
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 ADTRAN Holdings, Inc. reports third quarter 2023 financial results and announces business efficiency program • Q3 revenue at $272.3 million with sequential improvement in GAAP and non-GAAP operating expenses • 15% projected reduction in non-GAAP operating expenses in Q4 2023 as compared to Q3 2023 • Targeting
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000119312523271842/0001193125-23-271842-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.