The earnings release is overshadowed by the pending Thrive Holdings acquisition. The stock will trade based on deal completion probability and timeline, not quarterly results. Monitor for stockholder vote dates, regulatory filings (antitrust HSR), and any competing bids or termination events.
Price Chart
Executive Summary
ADT reported Q3 2026 revenue of $1.349B (up 4% YoY), GAAP EPS of $0.20 (up 18% YoY), and Adjusted EPS of $0.24 (up 4% YoY). The release is dominated by the pending all-cash acquisition by Thrive Holdings at $10.00 per share, announced on October 29, 2026, which has withdrawn all prior guidance. The earnings results are secondary to the M&A event.
Key Financial Metrics
Key Facts
- Total revenue increased 4% YoY to $1.349 billion in Q3 2026.
- GAAP diluted EPS from continuing operations was $0.20, up 18% from $0.17 a year ago.
- Adjusted EPS was $0.24, up 4% from $0.23 a year ago.
- On October 29, 2026, ADT entered a definitive agreement to be acquired by Thrive Holdings for $10.00 per share in cash.
- The transaction is expected to close in Q1 2027, subject to stockholder and antitrust approvals.
- ADT has withdrawn its previously issued financial guidance due to the pending acquisition.
- Year-to-date, ADT returned $748 million to shareholders via share repurchases and dividends.
- Adjusted Free Cash Flow (including swaps) was $217 million in Q3, up 4% YoY.
Financial Impact
The acquisition values ADT at $10.00 per share, representing a premium to the pre-announcement trading price. The $7.2B market cap at analysis time suggests the deal is at or near the current market price.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Monitoring and related services | $1.1B | -1.3% |
| Security installation, product, and other | $265.0M | +32.5% |
Risk Factors
- The acquisition may not close if stockholder approval or antitrust clearance is not obtained.
- A competing bid could emerge, potentially altering the deal terms.
- The company has withdrawn guidance, creating uncertainty about standalone performance if the deal fails.
- The deal is subject to a termination fee and other conditions that could prevent completion.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001703056-26-000113 |
| Document: adt-20261103.htm | 0001703056-26-000113 |
| Document: 0001703056-26-000113-index-headers.html | 0001703056-26-000113 |
| Document: 0001703056-26-000113-index.html | 0001703056-26-000113 |
| Document: 0001703056-26-000113.txt | 0001703056-26-000113 |
| 8-K Data (Synthetic) | 0001703056-26-000113 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 1d ago | DEFA14A | $9.85 | awaiting T+5 | awaiting T+5 | $9.90 (+0.51%) |
Nov 3, 2026 1d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Nov 3, 2026 1d ago | Press Release | $9.85 | awaiting T+5 | awaiting T+5 | $9.90 (+0.51%) |
Oct 30, 2026 5d ago | SC 13G/A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
Oct 29, 2026 6d ago | DEFA14A | $9.86 | awaiting T+5 | awaiting T+5 | $9.90 (+0.41%) |
US Market Status
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