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Dec 31, 2024
ADTRAN Q4 2024 Earnings Report
Estimated Revenue:$242M
+5.7% YoY
Estimated EPS:-$0.0195
+77.8% YoY
Key Takeaways
ADTRAN Holdings, Inc. reported a revenue of $242.9 million for the fourth quarter of 2024, showing a 7% sequential increase and exceeding the mid-point of their outlook. The company achieved a GAAP gross margin of 37.6% and a non-GAAP gross margin of 42.0%. Operating margin improved sequentially on both GAAP and non-GAAP bases, also above the mid-point of outlook. The company reported a GAAP diluted loss per share of $0.58 and non-GAAP diluted earnings per share of $0.00.
Revenue for Q4 2024 was $242.9 million, up 7% sequentially and above the mid-point of outlook.
GAAP gross margin was 37.6%, and non-GAAP gross margin was 42.0%.
Operating margin improved sequentially on both GAAP and non-GAAP bases, exceeding the mid-point of outlook.
GAAP diluted loss per share was $0.58, while non-GAAP diluted earnings per share was $0.00.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, ADTRAN Holdings expects revenue to be within a range of $237.5 million to $252.5 million, and non-GAAP operating margin is expected to be within a range of 0% to 4%.
Positive Outlook
- Expectation of higher revenue in Q1 2025, overcoming typical seasonality.
- Market conditions continued to improve during Q4 2024.
- Higher service provider spending noted.
- Lower customer inventories observed.
- Continuing shift away from high-risk vendors and secular trend of increased fiber access and optical transport.
Challenges Ahead
- Non-GAAP operating margin guidance excludes certain items, including continued restructuring expenses.
- The company is unable to quantitatively predict the impact of certain adjustments on GAAP financial results.
- Difficulty in predicting the timing and amounts of various items within a reasonable range.
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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