U.S. Stocks Movement: ADI Global Shares Plunge on November 12 as Q3 Swings to Loss, Revenue Guidance Lowered, and Goodwill Impairment Announced

ADI Global November 12 Major Decline Interpretation

Keywords: Q3 profit to loss, revenue guidance lowered, goodwill impairment

1. On November 12, the third quarter results were announced, shifting from profit to loss, with a diluted loss per share of $8.65, compared to earnings per share of $0.34 in the same period last year. Analysts had expected earnings per share of $0.44.

2. On November 12, the company lowered its fiscal 2026 revenue guidance to $4.91 billion to $4.93 billion, down from the previous guidance of $4.95 billion to $5.00 billion. Fourth quarter revenue guidance is $1.11 billion to $1.13 billion, lower than analysts' expectations of $1.21 billion.

3. On November 12, the company disclosed a non-cash goodwill impairment charge of $659 million for the third quarter. Adjusted independent EBITDA fell 13% year-on-year to $66 million, with weak residential business and further deterioration of own-brand products dragging down performance.

(Disclaimer: This content has been compiled and summarized from publicly available information by AI technology and is for reference only. It does not constitute investment advice.)