ADTRAN Holdings (ADTN) has issued preliminary unaudited results for the second quarter of 2026, lowering its revenue and operating margin expectations below previously issued guidance.
Following the disclosure, ADTRAN Holdings stock faced selling pressure in premarket trading down 12.02% to $10.68 on Wednesday.
For the second quarter of 2026, ADTRAN expects preliminary revenue to land between $280.0 million and $282.0 million (vs. consensus of $293.43M), missing its previously issued guidance range of $283.0 million to $303.0 million.
GAAP operating margin is projected between -3.2% and -4.0%, while non-GAAP operating margin is expected at 3.5% to 4.0%, underperforming the company's prior target of 5.0% to 9.0%.
On the bottom line, GAAP diluted loss per share is anticipated to be $(0.12) to $(0.14), with non-GAAP diluted earnings per share forecasted between $0.03 and $0.05 (vs. consensus of $0.13).
For the third quarter of 2026, ADTRAN projects revenue between $275.0 million and $295.0 million (vs. consensus of $300.34M), with a non-GAAP operating margin of 1.5% to 5.5%.
ADTRAN will report its full Q2 2026 financial results after market close on August 3, 2026, followed by a conference call on August 4, 2026.
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