Adtran holdings, inc. reports third quarter 2023 financial results and announces business efficiency program

Huntsville, ala.--(business wire)-- #adtran--adtran holdings, inc. (nasdaq: adtn and fse: qh9) (“adtran holdings” or the “company”) today announced its financial results for the third quarter of 2023. as reflected in the preliminary release, revenue for the third quarter was $272.3 million, slightly below the lower end of the guidance range. gaap gross margin for the quarter was 27.3%, and it was negatively impacted by an inventory write-off of approximately $21.0 million as a result of the exit from cer.
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