Ribbon Communications Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $219M, up 14% sequentially and 2% year over year
- ➤Q3 GAAP net loss $9M; non-GAAP net income $12M
- ➤Q4 revenue guided to $233M-$247M, with Adjusted EBITDA of $40M-$47M
- ➤IP Optical Networks revenue increased 17% QoQ, driven by new North American wins
- ➤Cloud and Edge revenue increased 11% QoQ on U.S. Tier 1 modernization
Expert Statements
Bruce McClelland, President and Chief Executive Officer of Ribbon Communications
“We had meaningful sequential increases in revenue and profitability in both of our operating segments again in the third quarter, consistent with our second quarter results commentary.”
Bruce McClelland, President and Chief Executive Officer of Ribbon Communications
“The strong IP Optical Networks bookings trend in the first half of the year translated into a record third quarter sales for the business, growing 5% year over year and included two new U.S. Tier 2 Internet Service Provider customers,”
Bruce McClelland, President and Chief Executive Officer of Ribbon Communications
“We are also encouraged by increased activity in the Cloud and Edge segment with Service Provider revenue growing 15% sequentially supported by a 50% increase in sales to our largest customer, along with further growth in the Enterprise and Government market segments.”
Bruce McClelland, President and Chief Executive Officer of Ribbon Communications
“This progress clearly supports the second-half improvement we expected, with positive trends in both operating segments and stronger results projected for the fourth quarter.”
Bruce McClelland, President and Chief Executive Officer of Ribbon Communications
“Looking ahead to 2027, we see further growth drivers with the adoption of voice-enabled Enterprise AI applications, new solutions to mitigate AI-generated voice-phishing cyber-attacks, and broader demand for data center fiber infrastructure.”
Rick Marmurek, Chief Financial Officer of Ribbon Communications
“Our performance improved significantly in the third quarter, with revenue increasing 14% and Adjusted EBITDA more than doubling to $27 million from $12 million in the second quarter.”
Rick Marmurek, Chief Financial Officer of Ribbon Communications
“At the same time, Non-GAAP operating expenses remained at $88 million.”
Rick Marmurek, Chief Financial Officer of Ribbon Communications
“We continue to focus on expanding margins, maintaining strong cost discipline, and further strengthening our balance sheet.”
Ribbon Communications Inc. Reports Third Quarter 2026 Financial Results PR Newswire
Revenue increased 14% sequentially and Net Income improved by $18M;
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