NASDAQ$ADTN

ADTRAN Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

ADTRAN Holdings, Inc. reported strong Q2 results driven by growing demand for fiber broadband platforms and integration of ADVA.

ADTRAN Holdings, Inc. announced financial results for the second quarter of 2022, with revenue reaching $172.0 million. The company reported a net income of $2.1 million, with earnings per share at $0.04. Non-GAAP net income was $9.7 million, and non-GAAP earnings per share was $0.19.

  • Revenue for the quarter was $172.0 million.
  • Net income for the second quarter of 2022 was $2.1 million and earnings per share was $0.04.
  • Non-GAAP net income was $9.7 million and non-GAAP earnings per share was $0.19.
  • Company declared a quarterly cash dividend of $0.09 per common share.

Headline financials

Total Revenue

$172M

Previous: $143M+20.1%
EPS (adj)

$0.19

Previous: $0.16+18.8%
Capital Expenditures

-$3.29M

Previous: -$2.21M-48.6%
Free Cash Flow

-$1.14M

Previous: $2.88M-139.7%
Net Income

$2.14M

Previous: $5.09M-57.9%
Operating Income

$8.13M

Previous: $3.93M+106.9%
Gross Profit

$62.5M

Previous: $62.7M-0.3%
Cash & Equivalents

$43.4M

Previous: $69.9M-38.0%
Total Assets

$600M

Previous: $551M+8.8%
Stock-Based Comp

$1.89M

Previous: $1.81M+4.4%

Revenue & EPS history

ADTRAN · Revenue · Quarterly

$172M

Q2 2022+20.1%vs Q2 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

ADTRAN · $172M total across 2 segments · Q2 2022

  • Network Solutions
    $156M+24.3%
  • Services & Support
    $16M-9.8%

Forward guidance

Company is moving forward with the integration of ADVA, which will strengthen the overall solution portfolio and provide the resources necessary to maximize success in the investment cycle in fiber networks.

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 2022

Historical avgQ2 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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