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Jun 30, 2023
ADTRAN Q2 2023 Earnings Report
Reported financial results for the second quarter of 2023.
Key Takeaways
ADTRAN Holdings reported revenue of $327.4 million, a net loss of $33.3 million, and a non-GAAP net income of $0.1 million for Q2 2023.
Revenue was $327.4 million, up 90% year-over-year and 1% quarter-over-quarter.
Net loss attributable to the Company was $33.3 million, down 1,655% year-over-year and up 3% quarter-over-quarter.
Diluted loss per share attributable to the Company was $0.43, down by 1,175% year-over-year and up 2% quarter-over-quarter.
Non-GAAP diluted earnings per share attributable to the Company was $0.00, down 99% year-over-year and up 102% quarter-over-quarter.
Revenue by Segment
Forward Guidance
The company anticipates the second half of 2023 will continue to present challenges due to customers optimizing inventory and the macroeconomic environment. Nevertheless, they continue to believe that they are in the early stage of an unprecedented investment cycle and Adtran Holdings is well positioned to be one of the largest beneficiaries.
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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