ADTRAN Holdings (ADTN) Company Report

ADTRAN Holdings reported Q3 2025 revenue of $279.4 million, an increase of 23% year-over-year and 5% sequentially, reaching the high end of its guidance.
The company's non-GAAP gross margin improved to 42.1%, contributing to a non-GAAP operating profit of $15.1 million (5.4% of revenue), which exceeded the midpoint of its outlook.
Non-GAAP EPS for Q3 2025 was $0.05, a significant improvement from break-even in Q2 2025 and a loss of $0.07 in Q3 2024.
For Q4 2025, ADTRAN anticipates revenue between $275 million and $285 million and a non-GAAP operating margin of 3.5% to 7.5%.
All three business categories, including optical networking, access and aggregation, and subscriber solutions, achieved double-digit year-over-year growth, with optical networking leading at 47%.

Nov 4, 2025, 3:30 PM

Transcript

ADTRAN Holdings, Inc. Announces Q3 2025 Financial Results and Q4 2025 Outlook

ADTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

ADTRAN Holdings, Inc. reported Q3 2025 revenue of $279.4 million, marking a 23% year-over-year increase, and achieved a non-GAAP diluted earnings per share of $0.05.
The company's non-GAAP gross margin was 42.1% and non-GAAP operating margin was 5.4% for the third quarter ended September 30, 2025.
For the fourth quarter of 2025, ADTRAN Holdings, Inc. anticipates revenue to be in the range of $275.0 million to $285.0 million, with a non-GAAP operating margin between 3.5% and 7.5%.
The company concluded Q3 2025 with $101.2 million in cash, cash equivalents, and restricted cash, and generated $12.2 million in net cash from operating activities.

Nov 4, 2025, 12:00 PM

8-K

ADTRAN Holdings Reports Q3 2025 Financial Results and Provides Q4 2025 Outlook

ADTN

Earnings

Guidance Update

ADTRAN Holdings reported Q3 2025 revenue of $279.4 million, a non-GAAP gross margin of 42.1%, and non-GAAP diluted EPS of $0.05.
For Q4 2025, the company anticipates revenue between $275.0 million and $285.0 million and a non-GAAP operating margin between +3.5% and +7.5%.
The company's Q3 2025 revenue breakdown by category was 37% from Optical Networking Solutions, 36% from Subscriber Solutions, and 27% from Access & Aggregation.
ADTRAN Holdings concluded Q3 2025 with $101 million in cash and reported a non-GAAP free cash outflow of $5 million.
Key growth drivers include strong public and private funding for fiber infrastructure, the displacement of high-risk vendors, and increasing demand from AI applications.

Nov 4, 2025, 12:00 PM

Presentation

Adtran Holdings Reports Q3 Results and Q4 Guidance

ADTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

Adtran Holdings reported Q3 revenue of $279.4 million, representing a 23% year-over-year increase.
The company narrowed its GAAP net loss and improved its operating loss to $(2.8) million, achieving a non-GAAP operating margin of 5.4%.
Management provided a Q4 revenue range of $275–$285 million and signaled expectations for margin expansion into 2026.

Nov 4, 2025, 8:09 AM

Morningstar

ADTRAN Holdings Announces Q3 2025 Financial Results

ADTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

ADTRAN Holdings, Inc. reported revenue of $279.4 million for the third quarter ended September 30, 2025, marking a 23% year-over-year increase.
The company recorded a GAAP diluted loss per share of $0.12 and non-GAAP diluted earnings per share of $0.05 for Q3 2025.
Net cash provided by operating activities was $12.2 million, and cash, cash equivalents and restricted cash stood at $101.2 million as of September 30, 2025.
For the fourth quarter of 2025, ADTRAN Holdings anticipates revenue to be between $275.0 million and $285.0 million, with a non-GAAP operating margin projected to be in the range of 3.5% to 7.5%.
CEO Tom Stanton highlighted that Q3 revenue and operating margin exceeded expectations, driven by disciplined execution, broad-based growth, and continued industry momentum.

Nov 4, 2025, 4:00 AM

Press Release

Adtran Launches AI-Based Network Operations Solution

ADTN

Product Launch

New Projects/Investments

Adtran launched Mosaic One Clarity, a new artificial intelligence solution built on its REAL AI platform, designed to help service providers simplify network operations and improve efficiency.
This module delivers predictive maintenance, actionable insights, and guided steps to resolve issues across multi-vendor network environments, aiming to reduce site visits and shorten repair times.
Early customer trials, such as with ACE Fiber, project significant operational gains, including up to 75% fewer trouble tickets every month.

Oct 14, 2025, 12:00 PM

Press Release

ADTRAN Holdings, Inc. Issues Convertible Senior Notes

ADTN

Debt Issuance

ADTRAN Holdings, Inc. issued $201,250,000 aggregate principal amount of its 3.75% convertible senior notes due 2030 on September 19, 2025. This amount includes the full exercise of an option granted to initial purchasers for an additional $26,250,000 aggregate principal amount of notes.
The notes are senior, unsecured obligations, accruing interest at a rate of 3.75% per annum, payable semi-annually in arrears, and will mature on September 15, 2030.
The initial conversion rate for the notes is 86.8206 shares of common stock per $1,000 principal amount of Notes, which corresponds to an initial conversion price of approximately $11.52 per share of common stock.
Noteholders have the right to convert their notes only upon the occurrence of certain events before June 15, 2030, but may convert them at any time from and after June 15, 2030, until two trading days before the maturity date.

Sep 22, 2025, 8:05 PM

8-K

ADTRAN Holdings Announces Proposed Convertible Senior Notes Offering

ADTN

Debt Issuance

ADTRAN Holdings, Inc. announced a proposed private offering of $150,000,000 aggregate principal amount of convertible senior notes due 2030, with an option for the initial purchaser to buy an additional $22,500,000 principal amount of notes.
These notes will be senior, unsecured obligations and will mature on September 15, 2030, accruing interest payable semi-annually.
The company intends to use the net proceeds to fund capped call transactions and to repay a portion of outstanding borrowings under its credit agreement.
The capped call transactions are expected to reduce potential dilution to the company's common stock upon conversion of the notes and/or offset potential cash payments.

Sep 15, 2025, 9:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for ADTRAN Holdings.

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