ADTRAN (US:ADTN)2025-06-18 09:50Company Overview - Adtran's fiscal year 2024 revenue reached $923 million[6] - The company has over 3,100 employees worldwide and operates in 50 locations[6] - Adtran has over 1,000 global technology patents and over 35 years of experience[6] Market Trends and Outlook - The company anticipates increasing fiber infrastructure growth due to fiber expansion, vendor consolidation, a shift away from high-risk Chinese vendors, and investments focused on AI[5] - The Carrier Ethernet market is projected to reach $5 billion, with a CAGR of 3.6% between 2025 and 2028[21] - The PON OLT+ONT market is projected to reach $5 billion, with a CAGR of 6.8% between 2025 and 2028[21] - The Metro WDM market is projected to reach $600 million between 2025 and 2028[21] Q1 2025 Financial Performance - Q1 2025 revenue was $247.7 million[26, 33] - Non-GAAP gross margin for Q1 2025 was 42.5%[26, 41] - Q1 2025 non-GAAP operating margin was 3.9%[26, 41] - Operating cash flow for Q1 2025 was $43.2 million[26]