ADTRAN Holdings Reports Preliminary 2024 Financial Results

ADTRAN Holdings, Inc. has released its unaudited financial results for the fourth quarter and the year ending December 31, 2024. The company reported a revenue of $242.9 million, showing a 7% sequential increase, surpassing its outlook's midpoint. The GAAP gross margin stood at 37.6%, with a non-GAAP margin of 42.0%. Operating margin improved on both GAAP and non-GAAP bases, exceeding expectations.

Despite a GAAP loss per share of $0.58, the non-GAAP earnings per share were neutral at $0.00. CEO Tom Stanton attributed the revenue growth to increased service provider spending and a focus away from high-risk vendors, alongside a rise in fiber access and optical transport sales.

Looking forward to the first quarter of 2025, ADTRAN forecasts its revenue between $237.5 million to $252.5 million, with a non-GAAP operating margin of 0% to 4%. The company remains optimistic about exceeding normal seasonal trends.