ADI announces third-quarter 2026 results and lowers full-year outlook
ADIG•ADI Global Distribution reported third-quarter revenue of $1.31 billion, up 9% year over year, and an $8.65-per-share loss that included a $659 million goodwill impairment. It lowered its 2026 outlook to revenue of $4.91 billion-$4.93 billion and adjusted standalone EBITDA of $230 million-$240 million.
1. Results and outlook
ADI Global Distribution lowered its full-year 2026 outlook, citing third-quarter performance and weakness in exclusive brands. It estimates full-year net revenue of $4.91 billion-$4.93 billion and non-GAAP adjusted standalone EBITDA of $230 million-$240 million. For the fourth quarter, it expects revenue of $1.112 billion-$1.132 billion and adjusted standalone EBITDA of $28 million-$38 million.
2. Impairment and cost savings
The third-quarter net loss included a $659 million goodwill impairment charge due to continued weakness in the residential market. ADI expects annualized gross cost savings of $60 million by the end of 2026 and $80 million by 2027, and is developing additional cost reductions to align its cost structure with current demand trends.
