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ADTRAN
ADTRAN (ADTN) investor relations material
ADTRAN Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Q4 2025 revenue reached $291.6M, up 20.1% year-over-year and 4% sequentially, exceeding guidance and marking the sixth consecutive quarter of sequential growth.
All business categories—optical networking, access and aggregation, and subscriber solutions—achieved sequential and year-over-year growth, supported by strong demand for fiber networking and cloud/enterprise customers.
Non-GAAP gross margin improved to 42.5%, up 122 bps year-over-year, with non-GAAP operating margin at 6.4% and non-GAAP EPS at $0.16, a turnaround from a loss a year ago.
U.S. revenue grew 31% year-over-year and 14% sequentially; non-U.S. revenue grew 12% year-over-year but declined 3% sequentially.
Management highlighted strong execution, sustained fiber investment, and momentum with cloud and enterprise customers.
Financial highlights
Q4 2025 revenue: $291.6M, up 20.1% year-over-year and 4% sequentially.
Non-GAAP gross margin: 42.5% in Q4, up 44 bps sequentially and 122 bps year-over-year.
Non-GAAP operating profit: $18.8M (6.4% margin), up 103 bps sequentially and 406 bps year-over-year.
Non-GAAP EPS: $0.16 in Q4, up from $0.05 in Q3 and a loss of $0.02 a year ago.
Full-year 2025 revenue reached $1.084B, up 17.5% year-over-year, with free cash flow of $60.5M, up 58% from 2024.
Outlook and guidance
Q1 2026 revenue expected between $275M and $295M; non-GAAP operating margin guidance of 4%-8%.
Management remains focused on margin expansion, cash generation, and leveraging customer momentum.
What caused the FY25 goodwill impairment?
Explain inventory reduction's cash impact
Elaborate on 2026 strategic growth areas
What is the annual Huawei replacement TAM in EU?
Optical growth from AI/hyperscale vs traditional?
Status of non-core asset monetization plans
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Next ADTRAN earnings date
Q1 20265 May, 2026
ADTRAN
Next ADTRAN earnings date
Q1 20265 May, 2026
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Frequently asked questions
ADTRAN Holdings Inc. provides networking and communications equipment for service providers, cable operators, and enterprises. Its product portfolio includes fiber access platforms, Wi-Fi solutions, and network management software used to enable broadband connectivity and infrastructure modernization. The company is headquartered in Huntsville, Alabama, and its shares are listed on the NASDAQ.
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