ADTRAN Holdings, Inc. reports preliminary first quarter 2025 financial results

　　ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its preliminary unaudited financial results for the first quarter ended March 31, 2025.

　　Revenue: $247.7 million, higher by 10% year-over-year, and above the mid-point of outlook.

　　Gross margin: GAAP gross margin: 38.5%; non-GAAP gross margin: 42.6%.

　　Operating margin: at the high end of outlook.

　　GAAP diluted loss per share of $0.13; non-GAAP diluted earnings per share $0.03.

　　Net cash provided by operating activities of $41.6 million.

　　Cash and cash equivalents of $101.3 million, an increase of $23.8 million sequentially.

　　Adtran Holdings’ Chairman and Chief executive Officer Tom Stanton stated, “We executed on all fronts during the first quarter. Our strong performance reinforces Adtran’s improved operating efficiency and the strength of our business model. We delivered solid results, improving several key operating metrics, including higher revenue, strong gross and operating margins, and robust cash from operations.

　　Mr. Stanton added, “We are well-positioned to navigate and capitalize on shifts in trade policy due to our globally diverse supply chain, operational flexibility, and strong customer relationships. Based on the current visibility and booking trends, we expect this positive momentum to continue into the second quarter.”

　　The information contained in this press release is preliminary. Investors should refer to our Quarterly Report on Form 10-Q for the period ended March 31, 2025 once it is filed with the Securities and Exchange Commission (“SEC”).

　　Business outlook

　　For the second quarter of 2025, the Company expects revenue to be within a range of $247.5 million to $262.5 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.