NASDAQ$ADTN

ADTRAN Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported earnings for the second quarter of 2021 and declared quarterly cash dividend.

ADTRAN reported revenue of $143.2 million for the second quarter of 2021. Net income was $5.1 million, with earnings per share of $0.10. Non-GAAP net income was $8.1 million, and non-GAAP earnings per share was $0.16.

  • Strong demand for fiber access continued to drive multiple segments of the business.
  • Tier 3 regional operators in the U.S. and Europe showed exceptional strength with growth over 50% year-over-year.
  • Demand continues to be strong, indicating the early phases of a growth cycle.
  • The Board of Directors declared a cash dividend of $0.09 per common share.

Headline financials

Total Revenue

$143M

Previous: $129M+11.3%
EPS (adj)

$0.16

Previous: $0.04+300.0%
Capital Expenditures

-$2.21M

Previous: -$3.15M+29.8%
Free Cash Flow

$2.88M

Previous: -$2.4M+220.0%
Net Income

$5.09M

Previous: $752K+576.3%
Operating Income

$3.93M

Previous: -$6.04M+165.1%
Gross Profit

$62.7M

Previous: $53.5M+17.2%
Cash & Equivalents

$69.9M

Previous: $69.1M+1.3%
Total Assets

$551M

Previous: $523M+5.5%
Stock-Based Comp

$1.81M

Previous: $1.66M+9.2%

Revenue & EPS history

ADTRAN · Revenue · Quarterly

$143M

Q2 2021+11.3%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ADTRAN · $143M total across 2 segments · Q2 2021

  • Network Solutions
    $125M+12.7%
  • Services & Support
    $17.8M+2.2%

Forward guidance

The company confirmed that it will hold a conference call to discuss its second quarter results on Thursday, August 5, 2021.

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 Q2 2021

Historical avgQ2 2021

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro