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Mar 31, 2023
ADTRAN Q1 2023 Earnings Report
Reported earnings impacted by slowing sales in Subscriber Solutions category, but positioned to capitalize on fiber network upgrades.
Key Takeaways
ADTRAN Holdings reported a revenue of $323.9 million for Q1 2023. The company experienced a net loss of $40.5 million, or $0.44 loss per share. Non-GAAP net loss was $9.5 million, or $0.06 loss per share.
Revenue for the quarter was $323.9 million.
Net loss inclusive of the non-controlling interest for the first quarter of 2023 was $40.5 million.
Net loss attributable to the Company for the first quarter of 2023 was $34.5 million and diluted loss per share attributable to the Company was $0.44.
Non-GAAP diluted loss per share attributable to the Company was $0.06.
Revenue by Segment
Forward Guidance
The company expects customer inventory management efforts to continue to affect near-term results, but the underlying demand to upgrade and deploy fiber networks is at an unprecedented high.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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