ADTRAN Holdings, Inc. (NASDAQ:ADTN) Q2 2023 Earnings Conference Call August 8, 2023 10:30 AM ET
Company Participants
Tom Stanton - Chief Executive Officer
Uli Dopfer - Senior Vice President and Chief Financial Officer
Conference Call Participants
Michael Genovese - Rosenblatt Securities
Greg Mesniaeff - WestPark Capital
George Notter - Jefferies
Ryan Koontz - Needham & Company
Bill Dezellem - Tieton Capital Management
Operator
Ladies and gentlemen, thank you for standing by, and welcome to ADTRAN Holdings, Inc. Second Quarter 2023 Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions]
During the course of the conference call ADTRAN representatives expect to make forward-looking statements that reflect management's best judgment based on factors currently known. However, these statements involve risks and uncertainties, including ability of component supplies to align with customer demand, the successful development and market acceptance of our products, competition in the market for such products, the product and channel mix, components cost, freight and logistics costs, manufacturing efficiencies, our ability to efficiently integrate mergers and acquisitions, and other risks detailed in our annual report on Form 10-K for the year ended December 31, 2022 and our quarterly report on Form 10-Q for the quarter ending June 30, 2023.
These risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements, which may be made during the call. The investor presentation found on ADTRAN Investor Relations website has been updated and is available for download.
It is now my pleasure to turn the call over to Tom Stanton, Chief Executive Officer of ADTRAN Holdings. Sir, please go ahead.
Tom Stanton
Thank you, Julian. Good morning, everyone. We appreciate you joining us for our second quarter 2023 earnings conference call. With me today is ADTRAN Holdings' CFO, Uli Dopfer. Following my opening remarks, Uli will review the quarterly financial performance in detail and then we will take any questions that you may have.
I'll start off by looking at the performance this last quarter and then we will discuss our current market positioning, both near and long-term. The results in Q2 were within the guidance range that we said on the last call and closely follow what we expected from both the product mix and regional split.
Like Q1, the revenues in the quarter were led by our Optical Network Solutions and our Access and Aggregation Solutions. From a regional revenue split, the US was 40% and non-US came in at 60%. The split is consistent with the past couple of quarters. Looking across our various market segments, the US regional service provider for one of the strongest customer groups in the quarter particularly with fiber access platforms as these customers continue to build-out fiber footprint in underserved markets.