ADTRAN Prelim Q2 Revenue Misses Guidance, Margins Squeezed; Q3 Outlook Weak
ADTN sits 72% above its 52-week low of $7.11.
Summary
ADTRAN's preliminary Q2 2026 revenue of $280M-$282M fell short of its $283M-$303M guidance, with non-GAAP operating margin of 3.5%-4.0% also below the 5%-9% target. GAAP loss per share is expected at $(0.12)-$(0.14), while non-GAAP EPS is just $0.03-$0.05, below analyst consensus. CEO Tom Stanton blamed a single-customer project delay and elevated component/freight costs. Q3 guidance points to further pressure: revenue of $275M-$295M and non-GAAP operating margin of only 1.5%-5.5%. The company noted that factors affecting near-term results don't change the underlying business and expressed encouragement by continued strength in its optical networking business. Full Q2 results are due August 3, with a call on August 4.
At the time of this announcement, ADTN was trading at $12.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $983.3M. The 52-week trading range was $7.11 to $19.98. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.