ADI Q2 2026: record revenue $1,286M, net income $6M vs loss, initiates FY26 outlook

ADI GLOBAL DISTRIBUTION INC.

Record Q2 net revenue $1,286M, up 1% YoY; average daily sales +2% YoY.
Gross margin 22.7% (+50bps) helped by ~$20M tariff refunds; net income $6M vs $283M loss.
Adjusted EBITDA $86M (6.7% of revenue), down from $95M (7.4%) YoY.
Completed spin-off from Resideo; NYSE trading began Aug 4, 2026; ~$150M cash, $500M revolver.
Initiates FY26 outlook: net revenue $4,950-5,000M, adjusted EBITDA $275-295M.

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