This is ADI's first earnings report as a standalone public company, establishing a baseline. Monitor the company's ability to convert its record revenue into improved operating margins and cash flow in the second half of 2026, as guided. The spin-off from Resideo introduces new standalone costs and capital structure dynamics that will be key to valuation.
Price Chart
Executive Summary
ADI Global Distribution Inc. reported its first quarterly results as a standalone public company following its spin-off from Resideo. Q2 2026 net revenue was a record $1.286 billion, up 1% YoY, but income from operations fell 56% to $25 million and Adjusted EBITDA declined 9% to $86 million. The company initiated its full-year 2026 standalone outlook with net revenue guidance of $4.95-$5.00 billion and Adjusted Standalone EBITDA of $275-$295 million, providing a baseline for the newly independent entity.
Key Financial Metrics
Key Facts
- Record quarterly net revenue of $1.286 billion, up 1% YoY
- Income from operations fell 56% to $25 million from $57 million in Q2 2025
- Adjusted EBITDA decreased 9% to $86 million from $95 million in Q2 2025
- Completed spin-off from Resideo on August 3, 2026; commenced trading on NYSE August 4, 2026
- Initiates standalone 2026 outlook: net revenue $4.95-$5.00 billion, Adjusted Standalone EBITDA $275-$295 million
- Liquidity post-spin-off: ~$150 million cash and $500 million undrawn revolver
Financial Impact
Q2 net revenue $1.286B; income from operations $25M; Adjusted EBITDA $86M; FY2026 guidance: revenue $4.95-$5.00B, Adj. Standalone EBITDA $275-$295M
Risk Factors
- Spin-off from Resideo introduces standalone operational costs and potential disruptions
- Soft U.S. residential housing market impacting residential audio-visual category
- Tariff uncertainty and higher fuel costs pressuring margins
- High leverage with $988 million in long-term debt post-spin-off
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-056469 |
| Document: adig-20260813.htm | 0001628280-26-056469 |
| Document: 0001628280-26-056469-index-headers.html | 0001628280-26-056469 |
| Document: 0001628280-26-056469-index.html | 0001628280-26-056469 |
| Document: 0001628280-26-056469.txt | 0001628280-26-056469 |
| 8-K Data (Synthetic) | 0001628280-26-056469 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 144 | $16.51 | awaiting T+20 | — | $16.41 (−0.61%) |
Oct 8, 2026 17d ago | SC 13G | $17.20 | awaiting T+20 | — | $16.41 (−4.59%) |
Sep 11, 2026 6w ago | 144 | $20.35 $16.95 | ▲ +16.71% | ▲ +18.97% | $16.41 (+19.36%) |
Aug 21, 2026 9w ago | 144 | $22.10 $21.02 | ▲ +4.89% | ▲ +6.20% | $16.41 (+25.75%) |
Aug 20, 2026 9w ago | 144 | $21.12 $20.92 | ▲ +0.95% | ▲ +0.42% | $16.41 (+22.30%) |
Aug 13, 2026 10w ago | 8-K | $25.82 $20.53 | ▼ −20.49% | ▼ −18.74% | $16.41 (−36.44%) |
Aug 4, 2026 11w ago | 8-K | $22.00 $20.34 | ▼ −7.55% | ▼ −6.31% | $16.41 (−25.41%) |
Jul 14, 2026 14w ago | 8-K | — | awaiting T+20 | — | — |
Jul 7, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 7, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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