ADTRAN (NASDAQ:ADTN) Issues Q2 2026 Earnings Guidance

ADTRAN (NASDAQ:ADTN) issued an update on its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.030-0.050 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $280.0 million-$282.0 million, compared to the consensus revenue estimate of $293.4 million. ADTRAN also updated its Q3 2026 guidance to EPS.

ADTRAN Trading Down 13.9%

Shares of NASDAQ ADTN opened at $10.45 on Thursday. ADTRAN has a one year low of $7.11 and a one year high of $19.98. The firm has a market capitalization of $851.15 million, a PE ratio of -26.79 and a beta of 1.44. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average price of $14.50 and a two-hundred day moving average price of $12.75.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $286.09 million for the quarter, compared to the consensus estimate of $285.48 million. ADTRAN had a positive return on equity of 10.94% and a negative net margin of 3.18%.The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, analysts predict that ADTRAN will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of ADTRAN from a “buy” rating to a “strong-buy” rating in a research note on Monday. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of ADTRAN in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of ADTRAN in a report on Tuesday, June 30th. Evercore began coverage on shares of ADTRAN in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Needham & Company LLC cut their price objective on ADTRAN from $18.00 to $14.00 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ADTRAN presently has an average rating of “Moderate Buy” and an average price target of $17.20.

Key Headlines Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: Despite the selloff, one article noted that analysts still have a consensus target price of $18.00 for ADTRAN, which suggests some longer-term upside if execution improves. ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $18.00 Consensus Target Price from Analysts
• Neutral Sentiment: ADTRAN announced preliminary second-quarter 2026 results, including unaudited revenue and earnings figures, which are the basis for the market’s reaction. ADTRAN Holdings, Inc. announces certain preliminary second quarter 2026 results
• Neutral Sentiment: The company also updated its second- and third-quarter guidance, signaling a weaker revenue and EPS outlook than Wall Street expected. Why Adtran Stock Withered on Wednesday
• Negative Sentiment: ADTRAN cut its second-quarter revenue outlook to about $280 million-$282 million and guided EPS to $0.03-$0.05, both well below analyst expectations, raising concerns about demand and profitability. ADTRAN falls in premarket on Q2 preliminary revenue miss, soft Q3 outlook
• Negative Sentiment: Johnson Fistel launched an investigation into possible securities law violations at ADTRAN, adding legal overhang and investor uncertainty. Johnson Fistel Investigates ADTRAN Holdings, Inc. (ADTN) for Potential Securities Law Violations

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in ADTRAN by 253.7% during the 1st quarter. AQR Capital Management LLC now owns 348,478 shares of the communications equipment provider’s stock worth $3,039,000 after acquiring an additional 249,954 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ADTRAN by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 1,946 shares during the last quarter. Legal & General Group Plc increased its stake in shares of ADTRAN by 13.9% in the second quarter. Legal & General Group Plc now owns 113,480 shares of the communications equipment provider’s stock worth $1,018,000 after purchasing an additional 13,821 shares during the period. American Century Companies Inc. lifted its position in shares of ADTRAN by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 224,015 shares of the communications equipment provider’s stock worth $2,009,000 after purchasing an additional 22,524 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of ADTRAN by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 88,384 shares of the communications equipment provider’s stock worth $793,000 after purchasing an additional 13,222 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.