Adtran holdings, inc. reports first quarter 2024 financial results

Huntsville, ala.--(business wire)-- #adtran--adtran holdings, inc. (nasdaq: adtn and fse: qh9) (“adtran holdings” or the “company”) today announced its unaudited financial results for the first quarter of 2024. gaap gross margin for the first quarter was 31.9%, compared to 34.8% in q4 2023 and 27.1% in the year-ago quarter, representing an improvement of 484 basis points (“bps”) year-over-year but a decrease of 285 bps quarter-over-quarter. the year-over-year improvement primarily resulted from lower pur.
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