Adtran Holdings (NASDAQ:ADTN) shares dropped 14% on Wednesday after the networking equipment provider lowered its preliminary second-quarter 2026 revenue outlook, citing a delay to a major customer project.
The company now expects second-quarter revenue to be between $280.0 million and $282.0 million, below its previous guidance of $283.0 million to $303.0 million and short of the ******* yst consensus estimate of $293.4 million.
Management said the revised outlook reflects the impact of the delayed customer project, along with continued pressure from elevated component and freight costs.
Adtran also reduced its profitability outlook for the quarter.
Preliminary non-GAAP operating margin is now expected to range from 3.5% to 4.0%, down from the company's previous forecast of 5.0% to 9.0%.
#quarter #outlook #preliminary #customer
The company now expects second-quarter revenue to be between $280.0 million and $282.0 million, below its previous guidance of $283.0 million to $303.0 million and short of the ******* yst consensus estimate of $293.4 million.
Management said the revised outlook reflects the impact of the delayed customer project, along with continued pressure from elevated component and freight costs.
Adtran also reduced its profitability outlook for the quarter.
Preliminary non-GAAP operating margin is now expected to range from 3.5% to 4.0%, down from the company's previous forecast of 5.0% to 9.0%.
#quarter #outlook #preliminary #customer
6 days ago
