NASDAQ$ADTN
ADTRAN Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ADTRAN Holdings reported preliminary financial results, showing increased sequential revenue and expanded gross and operating margins.
ADTRAN Holdings, Inc. announced its preliminary unaudited financial results for the third quarter of 2024, featuring sequential revenue growth and margin expansion. The company's revenue reached $227.7 million, surpassing the midpoint of its guidance. Gross and operating margins also improved, with non-GAAP operating margin turning positive. The company anticipates continued revenue growth in Q4 2024.
- Revenue reached $227.7 million, exceeding the midpoint of guidance.
- GAAP gross margin was 37.4%, while non-GAAP gross margin was 42.1%, reflecting sequential increases.
- GAAP operating margin was negative 10.5%, but non-GAAP operating margin was positive 1.1%, both showing sequential improvements.
- GAAP diluted loss per share was $0.36, and non-GAAP diluted loss per share was $0.05.
Headline financials
Revenue & EPS history
ADTRAN · Revenue · Quarterly
$228M
Revenue by segment
ADTRAN · $272M total across 2 segments · Q3 2023
- Network Solutions$229M-25.0%83.9%
- Services & Support$43.8M+22.4%16.1%
Forward guidance
For the fourth quarter of 2024, the Company expects revenue to be within a range of $230 million to $245 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.
Tailwinds
- Revenue expected to be between $230 million and $245 million.
- Non-GAAP operating margin expected to be between 0% and 4%.
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 2024
-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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