NASDAQ$ADTN

ADTRAN Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

ADTRAN reported a net loss for Q1 2022, but experienced revenue growth and strong demand for its solutions.

ADTRAN announced its financial results for the first quarter of 2022, reporting a revenue of $154.5 million. The company experienced a net loss of $1.1 million, with a loss per share of $0.02. However, non-GAAP net income was $9.9 million, with non-GAAP earnings per share of $0.20. The company saw significant year-over-year revenue growth, driven by strong demand for its fiber access, connected home, and cloud software solutions.

  • Revenue increased by 21% year-over-year.
  • Fiber access platforms grew by 61% year-over-year.
  • The company experienced strong order bookings.
  • A quarterly cash dividend of $0.09 per common share was declared.

Headline financials

Total Revenue

$155M

Previous: $128M+21.2%
EPS (adj)

$0.20

Previous: $0.13+53.8%
Capital Expenditures

-$1.46M

Previous: -$741K-97.2%
Free Cash Flow

-$2.59M

Previous: $155K-1769.7%
Net Income

-$1.13M

Previous: $896K-225.8%
Operating Income

-$68K

Previous: -$1.34M+94.9%
Gross Profit

$54.3M

Previous: $53.6M+1.3%
Cash & Equivalents

$54M

Previous: $63.8M-15.4%
Total Assets

$589M

Previous: $531M+11.0%
Stock-Based Comp

$1.89M

Previous: $1.81M+4.8%

Revenue & EPS history

ADTRAN · Revenue · Quarterly

$155M

Q1 2022+21.2%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ADTRAN · $155M total across 2 segments · Q1 2022

  • Network Solutions
    $138M+21.6%
  • Services & Support
    $16.1M+17.6%

Forward guidance

ADTRAN's outlook is optimistic due to continued success with fiber footprint capture, customer diversification, and the portfolio synergies offered by the announced ADVA combination.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.9%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-1.4%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+22.0%

Q3 2024

Best reaction

-26.1%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-16.4%-18.4%-5.7%
Q4 2025-6.3%-7.6%+21.0%
Q3 2025-24.1%-23.6%-18.1%
Q1 2025-3.4%+7.7%+1.0%
Q4 2024-0.4%+0.2%-16.1%
Q3 2024+22.0%+32.0%+36.2%
Q2 2024-23.0%-21.4%-14.3%
Q1 2024+13.7%+15.2%+12.9%
Q4 2023+2.1%+0.2%-13.2%
Q3 2023-26.1%-25.5%-16.6%
Q2 2023-19.2%-11.2%-7.5%
Q1 2023+0.6%-4.1%+7.2%
Q4 2022-2.7%+1.9%-12.8%
Q3 2022-1.4%-4.2%-7.1%
Q2 2022-5.3%-2.2%-7.0%
Q1 2022-5.2%-1.6%+8.8%
Q4 2021+4.7%+8.3%+2.8%
Q3 2021+4.2%+12.0%+7.3%
Q2 2021-1.9%+6.7%-7.1%
Q1 2021+3.8%+15.6%+21.1%
Q4 2020-5.4%-1.8%+1.5%
Q3 2020+4.5%+14.0%+19.4%
Q2 2020-5.7%-5.8%-18.7%
Q1 2020+15.7%+6.0%+14.3%
Q4 2019+0.3%-11.4%-14.4%
Q3 2019-8.1%-0.5%-4.2%
Q2 2019-23.0%-27.4%-31.7%
Q1 2019+12.9%+18.7%+10.2%
Q4 2018+15.1%+24.7%+23.9%
Q3 2018-12.0%-19.2%-19.2%
Q2 2018+0.3%+3.1%+2.8%
Q1 2018-3.9%-5.5%-5.1%
Q4 2017-4.3%-13.8%-16.7%
Q3 2017-6.9%-8.5%-12.3%
Q2 2017+7.3%+13.7%+4.9%
Q1 2017+2.9%+2.1%+0.5%
Q4 2016+2.0%-0.4%-2.5%
Q3 2016+10.2%+5.5%+10.2%
Q2 2016-2.9%-8.5%-8.4%
Q1 2016+1.1%
Q4 2015+2.9%
Q3 2015-8.0%
Q2 2015-4.8%
Q1 2015-13.6%
Q4 2014+2.2%
Q3 2014+2.5%
Q2 2014+0.4%
Q1 2014-4.7%
Q4 2013+9.7%
Q3 2013-6.8%
Q2 2013-6.2%
Q1 2013+17.1%
Q4 2012+1.2%
Q3 2012-1.6%
Q2 2012-17.1%
Q1 2012-0.8%
Q4 2008-10.8%
Q4 2011-10.8%
Q3 2011+1.3%
Q2 2011-1.1%
Q1 2010+1.9%
Q1 2011-2.8%
Q4 2010+1.8%
Q3 2009+0.9%
Q3 2010+0.9%
Q2 2009-0.6%
Q2 2010-0.6%
Q4 2009-0.6%

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