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ADTNADTRAN Holdings Inc.
$7.21$590M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ADTN logo

ADTRAN Holdings Inc.

ADTN
NASDAQ · Communication Equipment
$7.21
At close - Sep 21, 4:00 PM EDT - USD
Market Cap$584M
P/E-12.6x
52W High$19.98
Volume1.32M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Recovery Masks Persistent Operating Losses

ADTRAN is emerging from a severe carrier destocking cycle, with revenue accelerating to $281.1M in 2026Q2 (up 17.5% YoY) and gross margins stabilizing near 37-39%. However, the company remains unprofitable at the operating level (-3.6% operating margin in 2026...

GrowthAccelerating
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

ADTN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-112% Peers

P/E is 112% below peer median

03

Market leadership

RS 10 · Lag

Laggard (Underperforming 90% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 3

Market performance

Price History →

Trailing total returns as of 9/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ADTN-16.94%
S&P 500 (^GSPC)+13.22%
1-Year Return
ADTN-25.29%
S&P 500 (^GSPC)+15.99%
3-Year Return
ADTN-11.10%
S&P 500 (^GSPC)+81.24%
5-Year Return
ADTN-57.53%
S&P 500 (^GSPC)+80.48%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-12.8x
Forward P/E
25.2x
EV/EBITDA0th %ile
9.6x
FCF YieldCash Flow
16.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-12.8x
N/A
N/A
EV/EBITDA
9.6x
10.9x
0th· Low
Price/FCF
6.0x
17.1x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$8.29+15.0%
Base (Fair)$13.11-2.5%
Bull$15.87+120.1%
$8.29 Bear$13.11 Base$15.87 Bull
Current Market Price: $7.21
Trades at a 45.0% discount to Base DCF ($13.11)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.08B+17.5% YoY
Net income
-$46M+90.1% YoY
Free cash flow
$98M+155.3% YoY
Operating margin
-1.4%+44.9 pts YoY
ROIC (TTM)-1.7%
Avg ROIC 5Y-
ROE (TTM)-8.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$0.04-58.6%
vs $0.10
$281M-3.1%
vs $290M
Q2 2026
May 5, 2026
$0.14+55.6%
vs $0.09
$286M+0.2%
vs $285M
Q1 2026
Feb 25, 2026
$0.16+100.0%
vs $0.08
$292M+3.6%
vs $281M
Q4 2025
Nov 3, 2025
$0.05-16.7%
vs $0.06
$279M-0.5%
vs $281M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·5d ago
Adtran showcases open optical networking for AI infrastructure at OIF's ECOC 2026 interop demo

MÁLAGA, Spain--(BUSINESS WIRE)-- #5G--Adtran today announced its participation in OIF's live multi-vendor interoperability demo at ECOC 2026, taking place September 21 to 23 in Málaga, Spain. Bringing together 39 member companies, the showcase highlights interoperable optical transport, pluggable coherent transceivers and network control technologies in a multi-vendor environment. Adtran is contributing 100Gbit/s, 400Gbit/s and 800Gbit/s ZR+ pluggables, its FSP 3000 open line system (OLS) operating a.

Business Wire·Sep 15, 2026
BMC TV expands UK network for major sports broadcasts with Adtran and Fibre Technologies Ltd

LONDON--(BUSINESS WIRE)-- #5G--Adtran today announced that BMC TV has expanded its UK core network, harnessing Adtran technology to support coverage of major events, including the FIFA World Cup and extensive racecourse broadcasting across the UK. The new infrastructure strengthens BMC TV's packet edge, access and aggregation layers, enabling reliable distribution of live feeds across multiple locations with deterministic, low-latency performance. Designed to scale with growing broadcast demands, the.

Zacks Investment Research·Sep 2, 2026
Why Is ADTRAN Holdings (ADTN) Down 14.7% Since Last Earnings Report?

ADTRAN Holdings (ADTN) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research·Aug 25, 2026
Implied Volatility Surging for ADTRAN Stock Options

Investors need to pay close attention to ADTN stock based on the movements in the options market lately.

Filtered for ADTRAN Holdings Inc.More Headlines
04

Compare before deciding

Benchmark ADTN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for ADTRAN Holdings Inc. (ADTN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ADTN logoADTNADTRAN Holdings Inc.Current
$7.21$584M-12.6517.46%-4.21%-8.54%—
CIEN logoCIENCiena Corporation
$365.96$51.8B430.5418.79%10.87%22.82%—
CALX logoCALXCalix, Inc.
$35.42$2.23B136.2320.26%4.61%6.54%—
VIAV logoVIAVViavi Solutions Inc.
$36.20$8.93B241.338.39%-2%-3.16%—
CSCO logoCSCOCisco Systems, Inc.
$111.46$439.31B33.4711.77%20.95%27.39%—
NTGR logoNTGRNETGEAR, Inc.
$22.22$596.38M-19.492.91%-5.91%-8.42%—

Compare ADTN vs Peers

ADTRAN Holdings Inc. (ADTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIEN

Most directly comparable listed peer for ADTN.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare ADTN against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIEN, CALX, VIAV, CSCO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ADTN SEC Filings & Documents

ADTRAN Holdings Inc. (ADTN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jul 23, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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ADTN Frequently Asked Questions

ADTRAN Holdings Inc. (ADTN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ADTRAN Holdings Inc.'s revenue?

ADTRAN Holdings Inc. (ADTN) reported $1.14B in revenue for fiscal year 2025. This represents a 355% increase from $250.1M in 1996.

How fast is ADTRAN Holdings Inc. growing?

ADTRAN Holdings Inc. (ADTN) grew revenue by 17.5% over the past year. This is strong growth.

Is ADTN profitable?

ADTRAN Holdings Inc. (ADTN) reported a net loss of $26.1M for fiscal year 2025.

Dividend & Returns
What is ADTN's return on equity?

ADTRAN Holdings Inc. (ADTN) has a return on equity (ROE) of -8.5%. Negative ROE indicates the company is unprofitable.

What is ADTRAN Holdings Inc.'s free cash flow?

ADTRAN Holdings Inc. (ADTN) generated $56.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ADTN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →