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Sep 30, 2024
ADTRAN Q3 2024 Earnings Report
ADTRAN Holdings reported preliminary financial results, showing increased sequential revenue and expanded gross and operating margins.
Key Takeaways
ADTRAN Holdings, Inc. announced its preliminary unaudited financial results for the third quarter of 2024, featuring sequential revenue growth and margin expansion. The company's revenue reached $227.7 million, surpassing the midpoint of its guidance. Gross and operating margins also improved, with non-GAAP operating margin turning positive. The company anticipates continued revenue growth in Q4 2024.
Revenue reached $227.7 million, exceeding the midpoint of guidance.
GAAP gross margin was 37.4%, while non-GAAP gross margin was 42.1%, reflecting sequential increases.
GAAP operating margin was negative 10.5%, but non-GAAP operating margin was positive 1.1%, both showing sequential improvements.
GAAP diluted loss per share was $0.36, and non-GAAP diluted loss per share was $0.05.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, the Company expects revenue to be within a range of $230 million to $245 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.
Positive Outlook
- Revenue expected to be between $230 million and $245 million.
- Non-GAAP operating margin expected to be between 0% and 4%.
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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