ADTRAN (ADTN) - 2024 Q3 - Quarterly Results

EXHIBIT 99.1 ADTRAN Holdings, Inc. reports preliminary third quarter 2024 financial results Huntsville, Alabama, USA. — November 06, 2024 — ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) ("ADTRAN Holdings" or the "Company") today announced its preliminary unaudited financial results for the third quarter of 2024. • Revenue: $227.7 million, up sequentially and above the mid-point of guidance. • Gross margin: GAAP gross margin: 37.4%; Non-GAAP gross margin: 42.1%, a sequential increase of 134 and 17 basis ...