Adtran

Q2 FY2026 EarningsQ2 FY26 results were largely in-line with revenue expectations at $281.1M vs. $281.2M consensus. Non-GAAP EPS of $0.04 beat the $0.035 mean estimate despite a slight miss in non-GAAP operating margin (3.8% actual vs. ~3.7% implied from EBIT consensus). Optical Networking growth was a key driver, with non-carrier revenue rising 47% YoY. However, Q3 revenue guidance of $275M-$295M and a softened operating margin outlook of 1.5%-5.5% suggest near-term headwinds.