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Jun 30, 2020
ADTRAN Q2 2020 Earnings Report
Announced earnings for the second quarter of 2020 and declared quarterly cash dividend.
Key Takeaways
ADTRAN reported revenue of $128.7 million for the quarter. Net income was $0.8 million, resulting in earnings per share of $0.02. Non-GAAP net income was $1.6 million, with non-GAAP earnings per share at $0.04.
Revenue growth was driven by Tier 2 and Tier 3 service providers in the US.
The company saw strength internationally from the Asia-Pacific region.
ADTRAN added 33 new customers.
Major awards were announced with multiple Tier 1 operators for next-generation fiber access solutions and Mosaic Cloud Platform.
Revenue by Segment
Forward Guidance
The company is well-positioned to lead the paradigm shift to the software-defined next generation fiber access platform of the future.
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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