The chart below shows how ADTN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ADTN sees a +2.33% change in stock price 10 days leading up to the earnings, and a -2.69% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q3 Revenue Increase: Revenue in the third quarter was $227.7 million, a sequential increase above the midpoint of our guidance.
Net Work Solutions Revenue: Our net work solutions segment delivered $181.5 million, accounting for approximately 80% of total revenues in Q3, compared to 79% in the prior quarter.
Services Revenue Contribution: Our services and support segment delivered $46.2 million, or 20% of total revenues in the quarter, compared to 21% in the prior quarter.
Access and Aggregation Revenue: From a product category perspective, access and aggregation delivered $67.1 million, or approximately 29% of total revenue, which was down 4% sequentially.
Optical Networking Revenue Decline: Our optical networking solutions were $70.5 million, or 31% of total revenues. This was also down 4% sequentially.
Negative
Q3 Revenue Performance: Revenue in the third quarter was $227.7 million, which was below the midpoint of our guidance.
Net Working Solutions Revenue: Our net working solutions segment delivered $181.5 million, accounting for approximately 80% of total revenues in Q3, compared to 79% in the prior quarter.
Services Revenue Contribution: Our services and support segment delivered $46.2 million, or 20% of total revenues in the quarter, compared to 21% in the prior quarter.
Optical Networking Revenue Decline: Our optical networking solutions were $70.5 million, or 31% of total revenues, which was also down 4% sequentially.
Cash Decrease Analysis: At the end of the quarter, cash and cash equivalents were $88.5 million, a quarter-over-quarter decrease of $22.7 million.
ADTRAN Holdings, Inc. (ADTN) Q3 2024 Earnings Call Transcript
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