Adtran Shares Tumble as Project Delays Hit Quarterly Forecasts

Chief Executive Tom Stanton pointed to the customer-specific setback as the primary driver behind the company’s underwhelming preliminary second-quarter results. Revenue is now projected to land between $280 million and $282 million, missing the $293.4 million consensus estimate tracked by FactSet. The profit outlook appears similarly strained, with adjusted earnings per share expected at 3 to 5 cents—a significant drop from the 13 cents anticipated by Wall Street.

Beyond the specific project delay, Stanton cited rising freight and component costs as persistent pressures on margins. Looking ahead, the company’s third-quarter guidance remains conservative, with projected sales of $275 million to $295 million falling short of analyst forecasts for $300.3 million. Despite the immediate financial friction, Stanton maintained that the fundamental operations of the business remain intact.