ADTRAN Holdings, Inc. (ADTN) Q1 2025 Earnings Call Transcript

ADTRAN Holdings, Inc. (NASDAQ:ADTN) Q1 2025 Earnings Conference Call May 8, 2025 10:30 AM ET

Company Participants

Peter Schuman – VP of IR
Tom Stanton – Chief Executive Officer
Tim Santo – SVP and Chief Financial Officer

Conference Call Participants

Michael Genovese – Rosenblatt Securities
Ryan Koontz – Needham & Company
Christian Schwab – Craig-Hallum Capital Group
Amira Manai – ODDO BHF
Tim Savageaux – Northland Capital Markets

Operator

Good morning. My name is Sarah, and I will be your conference operator. At this time, I would like to welcome everyone to ADTRAN Holdings First Quarter 2025 Financial Results Conference Call. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Mr. Peter Schuman, Vice President, Investor Relations, you may begin your conference.

Peter Schuman

Thank you, Sarah. Welcome and thank you for joining us today for ADTRAN Holdings first quarter 2025 financial results conference call, and welcome to all those joining by webcast.

During the conference call, ADTRAN representatives will make forward-looking statements that reflect management’s best judgment based on factors currently known. However, these statements involve risks and uncertainties, including those detailed in our earnings release, our annual report on Form 10-K and our filings with the SEC. These risks and uncertainties could cause actual results to differ materially from those in our forward-looking statements, which may be made during the conference call. We undertake no obligation to update any statements to reflect events that occur after this call.

During today’s call, we refer to certain non-GAAP financial measures. Reconciliations of non-GAAP to GAAP measures and certain additional information are included in our Investor Presentation and earnings release. We have not provided reconciliations of our second quarter 2025 outlook with regard to non-GAAP operating margin because we cannot predict and quantify without unreasonable effort all of the