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Adtran ( (ADTN) ) has issued an announcement.
Adtran reported unaudited fourth-quarter 2025 results on Feb. 25, 2026, with revenue rising 20.1% year-on-year to $291.6 million, GAAP gross margin improving to 39.0% and non-GAAP gross margin to 42.5%, and GAAP operating margin turning positive at 1.5% alongside non-GAAP operating margin of 6.4%. The company generated $42.2 million in operating cash flow, ended the quarter with $95.7 million in cash and cash equivalents, and posted a small GAAP diluted loss per share of $0.02 versus non-GAAP diluted earnings of $0.16, signalling improved profitability metrics despite restructuring and other non-GAAP adjustments.
Management said the strong quarter, marked by revenue above its outlook and growth across all three revenue categories, reflected solid execution and continued fiber investment in core markets, while also pointing to momentum with cloud and enterprise customers, strong U.S. broadband activity and rising high-risk vendor replacement projects in Europe. For the first quarter of 2026, Adtran guided revenue to $275 million–$295 million and projected a non-GAAP operating margin of 4.0%–8.0%, indicating expectations of sustained, albeit moderating, top-line performance and continued focus on expanding operating margin and cash generation.
The most recent analyst rating on (ADTN) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Adtran stock, see the ADTN Stock Forecast page.
Spark’s Take on ADTN Stock
According to Spark, TipRanks’ AI Analyst, ADTN is a Neutral.
Overall score is held back primarily by weak financial performance (ongoing losses, high leverage, and declining free cash flow growth). Offsetting factors include constructive price/momentum signals and a positive earnings-call setup with improving non-GAAP profitability and supportive guidance, while valuation remains challenged due to negative earnings and no dividend support.
To see Spark’s full report on ADTN stock, click here.
More about Adtran
Adtran Holdings, Inc., parent of Adtran, Inc., is a global provider of open, disaggregated networking and communications solutions that support voice, data, video and internet services across diverse network infrastructures. Its products serve communications service providers, private enterprises, government organizations and individual users worldwide, with a strong focus on cloud-edge to subscriber-edge connectivity and fiber-based broadband networks.
The company is also the majority shareholder of Adtran Networks SE, formerly ADVA Optical Networking SE, extending its reach in optical networking markets and reinforcing its role in enabling scalable services that connect people, places and things across global communications infrastructures.
Average Trading Volume: 1,217,033
Technical Sentiment Signal: Buy
Current Market Cap: $847.6M
See more data about ADTN stock on TipRanks’ Stock Analysis page.