HUNTSVILLE, Ala.--(BUSINESS WIRE)--Nov 3, 2025--

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” “ADTRAN” or the “Company”) today announced its unaudited financial results for the third quarter ended September 30, 2025.

Revenue: $279.4 million, higher by 23% year-over-year.

Gross margin: GAAP gross margin of 38.3%; non-GAAP gross margin of 42.1%.

Operating margin: GAAP operating margin of (1.0)%; non-GAAP operating margin of 5.4%.

Net cash provided by operating activities of $12.2 million.

GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.05.

Cash, cash equivalents and restricted cash of $101.2 million.

ADTRAN Holdings Chairman and Chief Executive Officer Tom Stanton stated, “Our third quarter revenue and operating margin were abov

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