NASDAQ$ADTN
ADTRAN Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported earnings impacted by slowing sales in Subscriber Solutions category, but positioned to capitalize on fiber network upgrades.
ADTRAN Holdings reported a revenue of $323.9 million for Q1 2023. The company experienced a net loss of $40.5 million, or $0.44 loss per share. Non-GAAP net loss was $9.5 million, or $0.06 loss per share.
- Revenue for the quarter was $323.9 million.
- Net loss inclusive of the non-controlling interest for the first quarter of 2023 was $40.5 million.
- Net loss attributable to the Company for the first quarter of 2023 was $34.5 million and diluted loss per share attributable to the Company was $0.44.
- Non-GAAP diluted loss per share attributable to the Company was $0.06.
Headline financials
Revenue & EPS history
ADTRAN · Revenue · Quarterly
$324M
Revenue by segment
ADTRAN · $324M total across 2 segments · Q1 2023
- Network Solutions$282M+104.1%87.2%
- Services & Support$41.5M+157.0%12.8%
Forward guidance
The company expects customer inventory management efforts to continue to affect near-term results, but the underlying demand to upgrade and deploy fiber networks is at an unprecedented high.
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 2023
-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
| Quarter | Report date | Reaction (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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