earnings
confidence high
sentiment negative
materiality 0.85
ADTRAN pre-announces Q2 revenue, margin, EPS below guidance; Q3 outlook weak
ADTRAN Holdings, Inc.
- Preliminary Q2 revenue $280-282M vs guidance $283-303M; non-GAAP op margin 3.5-4.0% vs 5.0-9.0%.
- Preliminary non-GAAP EPS $0.03-0.05 vs analyst consensus of $0.13; GAAP loss per share $(0.12)-(0.14).
- Q3 guidance: revenue $275-295M, non-GAAP op margin 1.5-5.5% — below prior expectations.
- Miss driven by a single customer project delay and elevated component/freight costs.
- Full Q2 results due Aug 3; conference call Aug 4.