ADTRAN Holdings reported third-quarter 2026 revenue of $281.2 million, a 0.6% increase year-over-year. The company posted a GAAP diluted loss per share of $0.10 and non-GAAP diluted earnings per share of $0.09. Gross margin was 38.5% on a GAAP basis and 42.1% on a non-GAAP basis, which included a benefit of approximately 200 basis points from International Emergency Economic Powers Act refunds. Net cash used in operating activities was $24.5 million. For the fourth quarter, management expects revenue between $272.0 million and $292.0 million with a non-GAAP operating margin of 1.0% to 5.0%. ADTRAN Holdings is a global provider of open networking and communications solutions for service providers and enterprises.
