ADTRAN Q3 revenue misses on supply constraints
ADTN•ADTRAN Q3 revenue rose 0.6% year over year to $281.17 million, below the $285.72 million analyst consensus, while adjusted EPS of $0.09 beat the $0.03 consensus. The company expects Q4 2026 revenue of $272 million to $292 million and a non-GAAP operating margin of 1.0% to 5.0%.
1. Quarterly results
ADTRAN said ongoing supply constraints weighed on Q3 revenue, which increased 0.6% year over year to $281.17 million, missing analyst expectations of $285.72 million. Adjusted EPS was $0.09, above the $0.03 consensus; the company reported a net loss of $7.14 million, or $0.10 per share.
2. Outlook and drivers
ADTRAN expects Q4 2026 revenue between $272 million and $292 million and a non-GAAP operating margin between 1.0% and 5.0%. It cited growth in optical networking and with hyperscale customers, said AI infrastructure expansion is driving opportunities in cloud and service provider markets, and noted that supply and cost pressures remain a focus for future quarters.
