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ADTN ADTRAN Holdings, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-08-04, not restated
Technology

Scale

Market cap
$629m
Revenue TTM
$1.1bn
Net income TTM
$-26m
Free cash flow
$57m
Composite score
64.8
Sector rank
#2287

Valuation

P / E
EV / EBITDA
5.7
EV / sales
0.5
FCF yield
9.05%
Earnings yield vs 10-yr
-8.88pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-2.3%
EBITDA margin
8.4%
ROE
-20.1%
ROIC
-4.0%
Revenue growth
15.8%

Insider activity, last 90 days

Net open-market
$0.05m
Buyers
1
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

During the second quarter of 2026, we had no customers with revenues greater than 10.0% and our five largest customers comprised 28.8% of our revenue. Our year-over-year U.S. revenue increased by 11.7% due to continued customer spending and broadband expansion. Internationally, our year-over-year revenue increased by 1.4%, primarily due to broad-based strength across Europe, partially offset by a decrease in revenues due to a project delay from a single customer. Our operating results improved due to continuing strong demand, improving margins and disciplined approach to controlling operational expenses. …ADTRAN Holdings, Inc., 10-Q, period ended 2026-06-30, filed 2026-08-04

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