Business

ADTRAN Holdings, Inc. reports second quarter 2024 financial results

  • 2024/8/8 10:08:50

　　ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its unaudited financial results for the second quarter of 2024.

　　Revenue: $226.0 million

　　Gross margin:

　　GAAP gross margin: 36.1%; Non-GAAP gross margin: 41.9%

　　Operating margin:

　　GAAP operating margin negative 17.0%; Non-GAAP operating margin positive 0.7%

　　Net Income (Loss):

　　GAAP net loss attributable to the Company: $49.9 million; Non-GAAP net loss attributable to the Company: $18.8 million

　　Earnings (Loss) per share:

　　GAAP diluted loss per share attributable to the Company: $0.63; Non-GAAP diluted loss per share attributable to the Company: $0.24.

　　ADTRAN Holdings’ Chairman and Chief executive Officer Tom Stanton stated, "We had a solid second quarter, during which we saw improvements across all our major operating metrics, including profitability and working capital. During the quarter, we saw growth in our customer base across the U.S. and Europe as customers continue to adopt our latest fiber networking solutions”.

　　For the third quarter of 2024, the Company expects revenue in a range of $215million to $235million. Non-GAAP operating margin is expected in a range of -1% to +3%.

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