ADTRAN Holdings Inc (ADTN) News & EventsADTNNews & EventsADTRAN Holdings Inc

Q2 Revenue Reaches $281.15M, In Line with Expectations

Reports Q2 revenue $281.15M, consensus $281.15M. Stanton added, "Our strategic priorities remain on track. We continue to gain momentum in optical networking while increasing diversity across cloud providers/hyperscalers, enterprise, and government customers, with revenue from these customers growing 47% year-over-year. We remain committed to our long-term operating model and remain confident that our strategy will deliver long-term shareholder value."

Major Averages Close Fractionally Lower as Traders Remain Cautious

The major averages closed fractionally lower as traders take a cautious approach ahead of key earnings reports due from Alphabet, Tesla and IBM after the closing bell. Alphabet's report in particular will provide another major test of whether companies' heavy investments in artificial intelligence continue to generate meaningful returns and investors will closely scrutinize Alphabet's AI monetization strategy and cloud growth.Meanwhile, oil prices jumped once again as escalating tensions in the Middle East raise concerns over potential supply disruptions.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:AT&Treportedand reiterated its FY26 outlookGE Vernovareportedand raised its FY26 revenue guidanceAMDannounced aas part of a partnership to deploy up to 2 GW of AMD Instinct GPUsRepligenBioLife Solutionsfor $31 per share, or $1.5BThe European CommissionParamount Skydance'sproposed takeover of Warner Bros. Discovery2. WALL STREET CALLS:CoreWeaveto Buy at Truist after 42% pullbackPegasystemsto Market Perform at CitizensCircle Internetwith a Market Perform at Raymond JamesStifelDigitalOceanon selloff, positive data pointsTrimbleto Market Perform at Raymond James3. AROUND THE WEB:Amazonhas cut jobs in parts of its artificial general intelligence organization as it continues investing heavily in AI, WSJ reportsMeta'sinternal AI incubator is developing an AI model router, similar to OpenRouter's, to cut costs by sending some AI tasks to lower-cost models, The Information saysThe University of Tennessee Research Foundation sued Anthropic in Delaware federal court, arguing the company infringed its patents related to neural networks, Reuters saysPlatinum Equity is close to acquiring a 50% stake in Nestle'sEuropean water business through a joint venture that would value the San Pellegrino and Perrier owner at nearly EUR 5B, FT reportsAmgenhas reached a $74M settlement of a lawsuit accusing the company of waiting too long to disclose that it might owe the U.S. Internal Revenue Service $10.7B for underreporting six years of taxes, Reuters says4. MOVERS:Super Microgained afterArrowheadincreased after announcing its Phase 3 SHASTA-3 and SHASTA-4 studiesAirJoulewas higher after announcing with Kubota Corporationanin Texas and Californi aAdtranwas lower after providingDyne Therapeuticsfell after announcing a5. EARNINGS/GUIDANCE:Rogers Communications, with CEO Tony Staffieri saying the results "reflect strong execution"Moody'sand narrowed its guidance for FY26Teledyneand provided guidance for Q3 and FY26RPM, with EPS and revenue beating consensusTravel + Leisure, with CEO Michael Brown calling it "another strong quarter"INDEXES:The Dow fell 6.06, or 0.012%, to 52,218.58, the Nasdaq lost 146.31, or 0.57%, to 25,690.90, and the S&P 500 declined 10.24, or 0.14%, to 7,498.96.