ADT Inc. reported second-quarter 2026 results with revenue of $1.312B, modestly higher than the year-ago quarter, while net income and diluted EPS retreated slightly with net income of $153.9M and diluted EPS of $0.19. The quarter reflected stronger installation and product sales alongside continued focus on channel shifts and operational efficiencies.
Financial Highlights
- Revenue was $1.312B for Q2 2026, up from $1.287B in the year-ago quarter; YoY change 2.0%.
- Net income was $153.9M for Q2 2026, down from $165.2M in the year-ago quarter; YoY change (6.9%).
- Diluted EPS was $0.19 for Q2 2026, compared with $0.19 in the year-ago quarter; YoY change 0%.
Business Highlights
- Revenue mix shifted as installation and product revenue rose materially, driven by an increase in outright equipment sales.
- Channel strategy accelerated toward ADT+ and outright sales, with outright transactions representing roughly 40% of new adds; go-to-market refinements include expanded DIY and outright options.
- Subscriber base remained about 6.1M and recurring monthly revenue (RMR) was stable at roughly $360M; attrition ticked up to 13.1%, with a 100bp increase in attrition estimated to have an approximately $40M annualized impact.
- Product and technology momentum included the acquisition of Origin AI to enhance alarm verification and smart-home sensing, aimed at improving false-alarm rates.
- Operational efficiency initiatives—higher installation volumes, targeted pricing actions, cost-savings programs and cloud/IT migrations—helped offset some inflationary pressure.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.