Filing Flows › Adtran Holdings (ADTN) › Q1 2026
Adtran Holdings (ADTN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Adtran Holdings (ADTN) reported revenue of $286M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -2% from the quarter before. Operating margin was 2.2%, net earnings $930K (0.3% of revenue).
Adtran Holdings, Q1 2026: revenue $286M (+16% year over year), operating margin 2.2%, net earnings $930K, operating cash flow $12.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | -2% | +15% |
| Gross profit | $113M | -0.7% | +19% |
| Operating profit | $6.4M | +42% | — |
| Net earnings | $930K | — | — |
| Operating cash flow | $12.7M | -70% | -71% |
| Free cash flow | $5.2M | -83% | -86% |
What changed
Revenue was $286.1M in Q1 2026, up 15% year over year and down 2% from the previous quarter.
Gross margin was 39.5%, up 1.1 points from Q1 2025. Operating profit was $6.4M, a 2.2% margin (up 3.8 points year over year). Operating expenses grew 8% against revenue growth of 15%. The fastest-growing cost line was SG&A (+11%). Net earnings were −$1.3M. The effective tax rate was 67.3%.
Operating cash flow was $12.7M (down 71% year over year), 1362% of net income including minority interests. Non-cash charges added back $24.9M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $15.0M. Capital expenditures of $7.5M left free cash flow of $5.2M.
Questions
What was Adtran Holdings' revenue in the first quarter 2026?
Adtran Holdings (ADTN) reported revenue of $286M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -2% from the quarter before.
Was Adtran Holdings profitable in the first quarter 2026?
Operating profit was $6.4M (2.2% of revenue) and net earnings $930K.
Source: Adtran Holdings 10-Q on SEC EDGAR.