ADI Global Distribution posts Q3 loss, cuts FY and Q4 outlook
ADI Global Distribution reported third‑quarter 2026 revenue of $1.306 billion, up 8.6% year over year, but posted a net loss of $655 million that included a $659 million goodwill impairment. Adjusted standalone EBITDA fell 13% to $66 million. The company lowered its full‑year revenue guidance to $4.91‑$4.93 billion and issued fourth‑quarter revenue guidance of $1.11‑$1.13 billion, both below analyst expectations.
Why it matters
The reduced revenue guidance signals weaker demand and may pressure the stock, while the goodwill impairment highlights valuation concerns for recent acquisitions. The company’s cash balance of about $208 million and an undrawn $500 million revolving credit facility provide limited liquidity to support operations through the remainder of the year.
Key facts
- 1Q3 2026 net revenue was $1.306 billion, an 8.6% increase from the prior-year quarter. tradingview.com
- 2The quarter’s net loss totaled $655 million, which included a $659 million non‑cash goodwill impairment charge. tradingview.com
- 3Adjusted standalone EBITDA was $66 million, down 13% from $76 million a year earlier. investing.com
- 4Full‑year 2026 revenue guidance was revised to $4.91 billion‑$4.93 billion. tradingview.com
- 5Adjusted standalone EBITDA guidance for the full year was set at $230 million‑$240 million. tradingview.com
- 6Fourth‑quarter revenue guidance was $1.11 billion‑$1.13 billion, with a midpoint of $1.12 billion. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.