Ribbon Reports Q1 Revenue of $163M, Guides Q2 $185–195M and 49–50% Margins
Ribbon Communications reported Q1 revenue of $163 million, down from $181 million, with a GAAP operating loss widening to $32 million and a non-GAAP EBITDA loss of $8 million. The company forecasts Q2 revenue of $185–195 million and non-GAAP gross margins of 49–50%, expecting momentum from AIOps and data center wins.
1. Q1 Financial Results
Ribbon reported Q1 revenue of $163 million, down from $181 million in the prior year, with a GAAP operating loss widening to $32 million and a non-GAAP EBITDA loss of $8 million. GAAP gross margin fell to 42.9%, while non-GAAP gross margin declined to 45.8%.
2. Business Highlights
The company secured multiple Data Center Interconnect contracts and private optical network awards for major energy producers, and is advancing its Ribbon Acumen AIOps platform with new customer engagements. A strategic collaboration agreement with Amazon Web Services aims to strengthen its cloud-native communications and AI voice capabilities.
3. Q2 Outlook
For the second quarter, Ribbon projects revenue of $185–195 million, non-GAAP gross margin of 49–50% and adjusted EBITDA of $9–14 million, reflecting management’s expectation of margin expansion and stronger second-half growth across voice transformation and IP optical deployments.