ADTRAN Inc

ADTRAN Holdings Inc. reported second-quarter revenue of $281.1 million, up 6.1% from a year earlier for the period ended June 30, missing the company's own guidance as a project delay at a single large customer and an unfavorable product and customer mix weighed on results. Within that total, Optical Networking Solutions generated $109.7 million in revenue, up 22% year over year and 13% sequentially, with enterprise, government and cloud customers growing 47% year over year and hyperscaler revenue nearly doubling, up 97%. Access and Aggregation Solutions, the segment most exposed to the delayed customer, saw revenue fall 5% year over year and 4% sequentially. Non-GAAP gross margin slipped to 40.7% from 41.4% a year earlier, and on a GAAP basis ADTRAN posted an operating margin of negative 3.6% alongside a diluted loss of $0.13 per share. Management attributed the shortfall to tightened supply of key components including optical amplifiers, certain silicon and printed circuit boards rather than lost demand, and guided third-quarter revenue to between $275 million and $295 million with non-GAAP operating margin of 1.5% to 5.5%.

Bragar Eagel & Squire, P.C. is investigating potential claims against ADTRAN Holdings, Inc. on behalf of ADTRAN stockholders. The investigation concerns whether ADTRAN violated federal securities laws or engaged in other unlawful business practices. On July 22, 2026, ADTRAN announced preliminary second quarter 2026 results with revenue and operating margin expected to come in below the company's previously announced guidance range, citing a project delay from a single customer and elevated component and freight costs. The company's stock price dropped following the news. Investors who purchased or acquired ADTRAN shares and suffered a loss are encouraged to contact the firm.

Kirby McInerney LLP announced an investigation into ADTRAN Holdings, Inc. concerning potential violations of federal securities laws. The investigation follows ADTRAN's July 22, 2026 preliminary second-quarter results, which reported revenue of $280 million to $282 million and a non-GAAP operating margin of about 3.5% to 4.0%, falling below the company's prior guidance of $283 million to $303 million in revenue and a 5% to 9% non-GAAP operating margin. Chairman and CEO Tom Stanton attributed the shortfall to a project delay from a single customer and elevated component and freight costs. On the news, ADTRAN stock declined by $1.69 per share, or approximately 14%, to close at $10.45 per share on July 22, 2026. The law firm stated that no lawsuit has been filed and the investigation is ongoing to determine whether claims may be brought under federal securities laws.

ADTRAN Holdings issued preliminary second-quarter 2026 results that missed its own guidance, sending shares down 12.02% to $10.68 in premarket trading. The company now expects revenue between $280.0 million and $282.0 million, below the prior range of $283.0 million to $303.0 million and the consensus estimate of $293.43 million. Non-GAAP operating margin is projected at 3.5% to 4.0%, short of the 5.0% to 9.0% target, while non-GAAP diluted earnings per share are forecast at $0.03 to $0.05, compared with the consensus of $0.13. For the third quarter, ADTRAN guided revenue of $275.0 million to $295.0 million, also below the $300.34 million consensus, with non-GAAP operating margin of 1.5% to 5.5%. Full second-quarter results will be reported after the market close on August 3, 2026.