ADTRAN Holdings, Inc. (ADTN) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:05.280 Mr. Peter Schulman, Vice President, Investor Relations, you may begin your 00:00:05.280 -- 00:00:07.160 conference call. 00:00:07.160 -- 00:00:11.080 Thank you, Kate. Welcome, and thank you for joining us today for ADTRAN holding second 00:00:11.080 -- 00:00:16.720 quarter 2025 financial results conference call, and welcome to all those joining by webcast. 00:00:16.720 -- 00:00:20.400 During the conference call, ADTRAN representatives will make forward-looking statements 00:00:20.400 -- 00:00:24.860 that reflect management's best judgment based on factors currently known. 00:00:24.860 -- 00:00:29.120 However, these statements involve risks and uncertainties, including those detailed in 00:00:29.120 -- 00:00:34.200 our earnings release, our annual report on Form 10-K as amended, and other 00:00:34.200 -- 00:00:38.940 filings with the SEC. These risks and uncertainties could cause actual results to differ 00:00:38.940 -- 00:00:43.300 materially from those in our forward-looking statements, which may be made during the 00:00:43.300 -- 00:00:48.040 call. We undertake no obligation to update any statements to reflect events that occur 00:00:48.040 -- 00:00:53.280 after this call. During today's call, we will refer to certain non-GAAP financial 00:00:53.280 -- 00:00:58.660 measures. Reconciliation of GAAP to non-GAAP measures and certain additional information 00:00:58.660 -- 00:01:03.580 are also included in our investor presentation and our earnings release. 00:01:03.580 -- 00:01:08.560 We have not provided reconciliations of our third quarter 2025 outlook with regard to 00:01:08.560 -- 00:01:13.120 non-GAAP operating margin because we cannot predict and quantify without unreasonable 00:01:13.120 -- 00:01:17.080 effort all the adjustme...