ADT Raises Full-Year Outlook After Q2 Beat; Aggressive Buybacks Continue
ADT sits 20% above its 52-week low of $6.24.
Summary
ADT beat Q2 revenue estimates, raised full-year guidance, and repurchased $478 million in stock during the quarter — an aggressive capital return that stands out as Apollo and State Farm exit their stakes.
Key Events · Earnings and Guidance · ADT
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Q2 Revenue Beat & Raised Guidance
Revenue of $1.31B exceeded the $1.29B consensus. Full-year 2026 guidance was raised, indicating stronger-than-expected business momentum.
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Aggressive Share Repurchases
ADT repurchased 68.1 million shares for $478 million in Q2 2026, including 29 million shares bought directly from Apollo at $7.25 per share. $906 million remains under the $1.5 billion authorization.
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Apollo Exit Completed
Apollo sold its remaining 102 million shares in May 2026, ending its ownership. ADT concurrently repurchased 29 million shares from Apollo, accelerating the buyback.
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State Farm Registers 133M Shares for Sale
On July 2, 2026, State Farm registered its entire 133 million share stake for potential sale, adding to the overhang from large holders exiting.
Analysis · ADT · Trade & Services
ADT delivered Q2 revenue of $1.31 billion, beating the $1.29 billion consensus, and raised its full-year 2026 guidance — a signal that business trends are running ahead of expectations. The company also repurchased $478 million of stock in the quarter, aggressively shrinking the share count. Against a backdrop of major shareholder exits (Apollo and State Farm), ADT is using its strong free cash flow to buy back stock at a rapid clip, which is accretive to remaining shareholders. The raised guidance and buyback pace are the key takeaways — the business is performing better than expected, and management is putting cash to work directly for shareholders.
At the time of this filing, ADT was trading at $7.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $6.24 to $8.94. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.