ADI posts record Q2 revenue of $1,286 million; operating income down 56%
ADI Global Distribution reported results for the quarter ended July 4, 2026, following its spin-off from Resideo on August 3, 2026. Net revenue rose 1% to a record $1,286 million and net income was $6 million, compared with a net loss of $283 million a year earlier, but income from operations fell 56% to $25 million and adjusted EBITDA fell 9% to $86 million. The company also issued its first standalone 2026 outlook, calling for full-year net revenue of $4,950 million to $5,000 million and adjusted standalone EBITDA (estimate) of $275 million to $295 million.
Key points
- Net revenue of $1,286 million, up 1% year-over-year, with average daily sales growth of 2%
- Net income of $6 million versus a net loss of $283 million in the prior-year quarter, which included a $331 million Indemnification Agreement expense
- Income from operations of $25 million, down 56% from $57 million; adjusted EBITDA of $86 million, down 9% from $95 million
- Full-year 2026 outlook: net revenue of $4,950 million to $5,000 million; adjusted standalone EBITDA (estimate) of $275 million to $295 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.