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Jun 30, 2024
ADTRAN Q2 2024 Earnings Report
ADTRAN Holdings' Q2 2024 financial results were announced, showing improvements across major operating metrics, including profitability and working capital, with growth in the customer base across the U.S. and Europe due to the adoption of fiber networking solutions.
Key Takeaways
ADTRAN Holdings reported a solid second quarter with improvements in profitability and working capital. The company saw growth in its customer base across the U.S. and Europe as customers adopted the latest fiber networking solutions. Revenue was reported at $226.0 million.
Revenue was $226.0 million.
GAAP gross margin was 36.1%, while non-GAAP gross margin was 41.9%.
GAAP operating margin was negative 17.0%, while non-GAAP operating margin was positive 0.7%.
GAAP net loss attributable to the Company was $49.9 million, while non-GAAP net loss attributable to the Company was $18.8 million.
Revenue by Segment
Forward Guidance
For the third quarter of 2024, the Company expects revenue in a range of $215.0 million to $235.0 million. Non-GAAP operating margin is expected in a range of -1.0% to +3.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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