ADTRAN, Inc. (ADTN) recently announced that the U.K.-based telecommunication company Quickline has selected ADTN’s advanced fiber access technology to expand network connectivity across rural and underserved regions in Yorkshire and Lincolnshire.Installing fiber broadband infrastructure in rural areas is challenging and infeasible owing to a scattered population, high investment requirements, small market size and limited resources. However, ADTN’s SDX 6320 and 6330 Series of software-defined optical line t ...

ADTRAN Holdings, Inc. (ADTN) has announced new commitments under the Science Based Targets initiative (SBTi), aiming for net-zero emissions across its value chain by 2048. As an early supporter of SBTi, the company follows the global objective of limiting warming to 1.5°C in line with the 2015 Paris Agreement.ADTRAN’s near-term science-based targets, based on 2016 levels, include reducing scope 1 and 2 greenhouse gas emissions by 74.5% by 2032. These emissions include those directly generated by the company ...

ADTRAN, Inc. (ADTN) recently announced that Tishomingo Connect has opted to deploy ADTRAN’s Mosaic One SaaS platform and 10G fiber access to expand broadband connectivity across rural Mississippi regions. With this collaboration, Tishomingo Connect, a subsidiary of Tishomingo County Electric Power Association, is aiming to deploy the high-capacity rural networks in the most cost-efficient way possible.ADTN’s offering includes XGS-PON Optical Line Terminals (OLTs) and SDX Series Optical Network Terminals. Th ...

A month has gone by since the last earnings report for ADTRAN Holdings (ADTN) . Shares have added about 15.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is ADTRAN Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ADTRAN Reports Wider Q2 Loss on Lower Revenu ...

ADTRAN, Inc. (ADTN) has partnered with PhireLink to deploy its cutting-edge fiber access technology, aiming to bring high-quality broadband services to underserved rural communities in Louisiana. The collaboration with this rural broadband Internet service provider marks a significant step toward bridging the digital divide in the region, ensuring that residents in even the most remote areas have access to reliable, high-speed Internet.PhireLink has leveraged ADTRAN's Mosaic One software-as-a-service (SaaS) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 001-41446 ADTRAN Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) 1 Delaware 87-2164282 incorpora ...

ADTRAN Holdings Inc. (ADTN) reported lackluster results for the second quarter of 2024. The company’s bottom line was wider than the Zacks Consensus Estimate due to a tough macroeconomic environment. However, the top line matched estimates, supported by increased customer growth in the United States and Europe due to their latest fiber networking solutions.Net IncomeOn a GAAP basis, net loss in the second quarter was $49.9 million or a loss of 63 cents per share compared with a loss of $39.1 million or a lo ...

Financial Data and Key Metrics Changes - Q2 2024 revenues were $226 million, down 31% year-over-year but similar to Q1 2024 revenues [16] - Non-GAAP gross margin improved to 41.9%, up 334 basis points year-over-year and 37 basis points sequentially [17] - Non-GAAP operating profit was $1.5 million, or 0.7% of revenues, compared to a loss of $8.8 million in the prior quarter [18] - Non-GAAP net loss was $18.8 million, resulting in a diluted loss per share of $0.24 [19] Business Line Data and Key Metrics Changes - Subscriber Solutions contributed 36.5% of revenues, up 0.9% year-over-year and 18.1% quarter-over-quarter [16] - Access & Aggregation contributed 30.9% of revenues, down 31.9% year-over-year and 14% sequentially [16] - Optical networking solutions contributed 32.6% of revenues, down 48.5% year-over-year and slightly down 1.9% quarter-over-quarter [16] Market Data and Key Metrics Changes - International revenues accounted for 52.4% of total revenues, while domestic revenues contributed 47.6% [17] - The U.S. market showed sequential growth across all major customer segments, particularly in Subscriber Solutions [6][8] - In Europe, the company is well-positioned to benefit from the ongoing build-out of fiber networks and the shift away from high-risk vendors [11][12] Company Strategy and Development Direction - The company focuses on maximizing opportunities in the U.S. broadband investment cycle and capitalizing on the shift away from high-risk vendors in Europe [7] - Continued investment in strategic platforms, including the Mosaic One software platform, which has over 400 customers [10][11] - The company aims to become a top two supplier in Optical transport equipment in Europe [12] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about future growth, citing cautious spending from service provider customers [14] - The company expects revenues for Q3 2024 to range between $215 million and $235 million, with an improved non-GAAP operating margin [20] - Management noted that while there are near-term market challenges, the competitive portfolio and growing customer base position the company well for future success [20] Other Important Information - The company reduced non-GAAP operating expenses by 24% year-over-year, reflecting the impact of a business efficiency program [18] - Cash and cash equivalents increased to $111.2 million, a 4% quarter-over-quarter increase [20] Q&A Session Summary Question: Access weakness and European market dynamics - Management indicated that access growth in the U.S. was strong, while European access was affected by two large customers' purchasing patterns [22][23] Question: Inventory levels and adjustments - Management stated that Subscriber Solutions inventory is low, while Optical inventory remains in both the U.S. and Europe, expected to be depleted by year-end [31][32] Question: SaaS business opportunities in Europe - The company is currently focused on the U.S. for its SaaS business, with some interest in Europe but prioritizing U.S. customer needs [46][47] Question: Expectations for Q3 and European customer behavior - Management does not expect a significant uptick in European sales in Q3 but remains hopeful for better performance in Q4 [52][54]

ADTRAN Holdings, Inc. reports second quarter 2024 financial results Huntsville, Alabama, USA. — August 05, 2024 — ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) ("ADTRAN Holdings" or the "Company") today announced its unaudited financial results for the second quarter of 2024. • Revenue: $226.0 million • Gross margin: o GAAP gross margin: 36.1%; Non-GAAP gross margin: 41.9% • Operating margin: o GAAP operating margin negative 17.0%; Non-GAAP operating margin positive 0.7% • Net Income (Loss): o GAAP net ...

ADTRAN, Inc. (ADTN) recently announced that telMAX has decided to deploy ADTRAN’s cutting-edge fiber access technology, Mosaic Cloud Platform (CP), to provide high-speed broadband to a multitude of new communities. This marks a significant stride in telMAX’s mission to dominate the telecommunications landscape in Canada.The Mosaic CP platform seamlessly integrates with the GLDS BroadHub subscriber management platform and operates on an open microservices architecture. This powerful combination will likely f ...