NASDAQ$ADTN

ADTRAN Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

ADTRAN reported solid results for the third quarter of 2020, driven by outstanding customer traction and new service provider customers.

ADTRAN announced financial results for the third quarter of 2020, with revenue of $133.1 million. Net income for the quarter was $5.5 million, resulting in earnings per share of $0.11. The company secured 38 new service provider customers and saw strong momentum in new customer acquisition.

  • Revenue for the quarter was $133.1 million.
  • Net income for the third quarter of 2020 was $5.5 million.
  • Earnings per share, assuming dilution, was $0.11 per share.
  • Secured 38 new service provider customers.

Headline financials

Total Revenue

$133M

Previous: $114M+16.7%
EPS (adj)

$0.16

Previous: -$0.06+366.7%
Capital Expenditures

-$5.08M

Previous: -$6.01M+15.4%
Free Cash Flow

$399K

Previous: -$52.1M+100.8%
Net Income

$5.48M

Previous: -$46.1M+111.9%
Operating Income

$4.53M

Previous: -$20.3M+122.3%
Gross Profit

$59M

Previous: $46.3M+27.3%
Cash & Equivalents

$71.1M

Previous: $96.4M-26.3%
Total Assets

$531M

Previous: $580M-8.4%
Stock-Based Comp

$1.61M

Previous: $1.87M-13.9%

Revenue & EPS history

ADTRAN · Revenue · Quarterly

$133M

Q3 2020+16.7%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ADTRAN · $133M total across 2 segments · Q3 2020

  • Network Solutions
    $115M
  • Services & Support
    $17.9M

Forward guidance

ADTRAN will hold a conference call to discuss its third quarter results on Tuesday, November 3, 2020.

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 Q3 2020

Historical avgQ3 2020

-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