ADTRAN (ADTN) warns for Q3

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Go back to ADTRAN (ADTN) warns for Q3

ADTRAN Holdings announces preliminary results for the third quarter of 2023

October 16, 2023 8:45 PM EDT

HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (ADTRAN Holdings or the Company) today announced certain preliminary unaudited financial results for the quarter ended September 30, 2023. All results in this release are approximate due to the preliminary nature of the announcement. For the third quarter, preliminary revenue was $272.3 million as compared to the Companys prior guidance range of $275 million to $305 million. The resulting preliminary GAAP operating margin for the third quarter was -30.2%, and it was impacted by certain one-time adjustments that are outlined below. Preliminary non-GAAP operating margin... More