Jun 2026 (Q2 FY26) — Jul 30, 2026
ADT Q2 FY26 — Strong Cash Flow and Strategic Investments Drive Modestly Raised Outlook
Read the full callADT (ADT) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
ADT earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,312 | +2.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 24.1 | −2.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 154 | −6.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
16 of 17 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Free Cash Flow | $100 million to $150 million lower sequentially | Mar 2026 | Adjusted free cash flow, including interest rate swaps, was $406 million, up $133 million or 48% compared to last year. On a year-to-date basis, we have generated $820 million, up more than $300 million or 64% versus the prior year. | Achieved |
| Adjusted Free Cash Flow (including swaps) growth | 20% growth | Dec 2025 | And we expect adjusted cash flow to grow approximately 30% with the improvement driven primarily by tax planning and working capital management. | Revised Up |
| AI-enabled fleet safety technology | Roll out across technician fleet | Jun 2026 | In the third quarter, we will begin transcribing and analyzing our sales and service calls, enabling customers to engage with our virtual agents through SMS and rolling out AI-enabled fleet safety technology across our technician fleet. | New |
1 of ADT Inc.'s 42 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Adjusted free cash flow, including interest rate swaps, was up $133 million or 48% year-over-year to $406 million.
- Year-to-date adjusted free cash flow reached $820 million, up over $300 million or 64% versus prior year.
- Repurchased 89 million shares year-to-date, including 29 million shares in connection with Apollo's secondary offering, with $885 million remaining under authorization.
- Total revenue grew 2% to $1.3 billion, with installation revenue up 17%.
- Direct DIFM residential adds were up high single digits and SMB adds were up mid-single digits for the quarter.
Qualified
- Gross RMR additions fell 17% year-over-year and gross unit additions declined 22%, largely due to fewer bulk account purchases and softness in the dealer channel.
- Trailing 12-month attrition remained flat at approximately 13.1%, with modest pressure from non-payment cancellations.
- Expect higher cash taxes and cash interest in FY27, estimated at $50 million to $100 million each as headwinds.
Price
$6.7 −2.47% · −$0.17
Performance −22.3% 1Y
1Y: $8.62 on 17 Oct 2025 → $6.7. High $8.84 (31 Oct 2025), low $6.08 (30 Sept 2026).
- Previous close
- $6.87
- 52-week range
- $6.08 – $8.84
- One year
- −21.82%
Overview
- Symbol
- ADT
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 17 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Free Cash Flow | $100 million to $150 million lower sequentially | Mar 2026 | Adjusted free cash flow, including interest rate swaps, was $406 million, up $133 million or 48% compared to last year. On a year-to-date basis, we have generated $820 million, up more than $300 million or 64% versus the prior year. | Achieved |
| Adjusted Free Cash Flow (including swaps) growth | 20% growth | Dec 2025 | And we expect adjusted cash flow to grow approximately 30% with the improvement driven primarily by tax planning and working capital management. | Revised Up |
| AI-enabled fleet safety technology | Roll out across technician fleet | Jun 2026 | In the third quarter, we will begin transcribing and analyzing our sales and service calls, enabling customers to engage with our virtual agents through SMS and rolling out AI-enabled fleet safety technology across our technician fleet. | New |
Claimed
- Adjusted free cash flow, including interest rate swaps, was up $133 million or 48% year-over-year to $406 million.
- Year-to-date adjusted free cash flow reached $820 million, up over $300 million or 64% versus prior year.
- Repurchased 89 million shares year-to-date, including 29 million shares in connection with Apollo's secondary offering, with $885 million remaining under authorization.
- Total revenue grew 2% to $1.3 billion, with installation revenue up 17%.
- Direct DIFM residential adds were up high single digits and SMB adds were up mid-single digits for the quarter.
Qualified
- Gross RMR additions fell 17% year-over-year and gross unit additions declined 22%, largely due to fewer bulk account purchases and softness in the dealer channel.
- Trailing 12-month attrition remained flat at approximately 13.1%, with modest pressure from non-payment cancellations.
- Expect higher cash taxes and cash interest in FY27, estimated at $50 million to $100 million each as headwinds.
The full ledger
Open ADT Inc.’s full ledger
A free account opens 5 company ledgers a month. All 42 tracked commitments, with each call’s wording and source.
Call summaries
Dec 2025 (Q4 FY25) — Mar 2, 2026
ADT Q4 FY25 — Strategic Investments for Future Growth and AI Integration
Read the full callEvery analysed call
ADT earnings calls (ADT)
Financials
What the filings say
Net profit, year on year: −7% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,244 | 1,260 | 1,267 | 1,287 | 1,298 | 1,276 | 1,279 | 1,312 |
| Operating profit | 326 | 305 | 319 | 342 | 315 | 333 | 325 | 316 |
| Operating margin | 26.2% | 24.2% | 25.2% | 26.6% | 24.3% | 26.1% | 25.4% | 24.1% |
| Profit before tax | 182 | 227 | 194 | 227 | 199 | 215 | 227 | 216 |
| Tax rate | 27.6% | 12.9% | 26.4% | 25.9% | 27.8% | 31.9% | 25.6% | 28.2% |
| Net profit | 127 | 190 | 140 | 165 | 145 | 145 | 168 | 154 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 8 | 8 | — | — | — | — | — | — |
| Reserves | -1,680 | -2,742 | -3,491 | -3,953 | -3,950 | -3,618 | -3,318 | -2,907 |
| Total liabilities | 12,984 | 12,899 | 13,078 | 13,646 | 14,428 | 12,175 | 12,250 | 12,040 |
| Fixed assets | 327 | 329 | 326 | 364 | 306 | 254 | 247 | 243 |
| Total assets | 17,209 | 16,084 | 16,117 | 16,894 | 17,821 | 15,964 | 16,051 | 15,819 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,788 | 1,873 | 1,367 | 1,650 | 1,888 | 1,658 | 1,885 | 1,884 |
| Cash from investing | -1,738 | -978 | -1,137 | -1,696 | -1,533 | 242 | -1,295 | -1,118 |
| Cash from financing | 193 | -1,214 | -70 | -128 | -15 | -2,144 | -515 | -862 |
| Net cash flow | 240 | -318 | 159 | -174 | 340 | -244 | 74 | -96 |
| Capital expenditure | -127 | -159 | -157 | -168 | -177 | -176 | -164 | -176 |
| Free cash flow | 1,661 | 1,714 | 1,210 | 1,481 | 1,711 | 1,481 | 1,721 | 1,708 |
ADT revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +2.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ADT operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Attrition rate | 13.1%Attrition ended at 13.1%, behind our record level from earlier in 2025 due mainly to elevated nonpaid disconnects.Source: earnings call transcript | 13.1%Attrition was 13.1%, flat to last quarter with revenue payback also holding at 2.3 years.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
71 filings between Jan 8, 2026 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$526.5K
6 purchases by 6 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 56
- Award — granted as compensation
- 7
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Houston Daniel Joseph | $250.4K | — | May 8, 2026 |
| Likosar Jeffrey | $101.3K | — | May 29, 2026 |
| Ahmad Fawad | $50.6K | — | May 12, 2026 |
| Khan Omar | $50.1K | — | May 11, 2026 |
| Scott David A. | $49.1K | — | Mar 5, 2026 |
| Miller Kimberly | $25.0K | — | May 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Winter Matthew E Director | Award | 235 | $0 |
| Oct 1, 2026 | Yoon Suzanne Director | Award | 235 | $0 |
| Oct 1, 2026 | Zarmi Sigal Director | Award | 235 | $0 |
| Oct 1, 2026 | Smith Paul Joseph Director | Award | 235 | $0 |
| Oct 1, 2026 | Gartland Thomas M Director | Award | 235 | $0 |
| Oct 1, 2026 | Miller Kimberly EVP, CMO & Comm. Officer | Award | 466 | $0 |
| Oct 1, 2026 | Dernberger Todd EVP and Chief Growth Officer | Award | 112 | $0 |
| Oct 1, 2026 | Tiedt Danielle Director | Award | 235 | $0 |
| Oct 1, 2026 | Houston Daniel Joseph Director | Award | 235 | $0 |
| Oct 1, 2026 | Ahmad Fawad EVP, Chief Oper and Cust. Off. | Award | 1,904 | $0 |
| Oct 1, 2026 | Griffin Tracey R. Director | Award | 235 | $0 |
| Jul 7, 2026 | Tiedt Danielle Director | Award | 210 | $0 |
| Jul 7, 2026 | Griffin Tracey R. Director | Award | 210 | $0 |
| Jul 7, 2026 | Winter Matthew E Director | Award | 210 | $0 |
| Jul 7, 2026 | Ahmad Fawad EVP, Chief Oper and Cust. Off. | Award | 1,703 | $0 |
| Jul 7, 2026 | Miller Kimberly EVP, CMO & Comm. Officer | Award | 417 | $0 |
| Jul 7, 2026 | Dernberger Todd EVP and Chief Growth Officer | Award | 100 | $0 |
| Jul 7, 2026 | Gartland Thomas M Director | Award | 210 | $0 |
| Jul 7, 2026 | Houston Daniel Joseph Director | Award | 210 | $0 |
| Jul 7, 2026 | Smith Paul Joseph Director | Award | 210 | $0 |
| Jul 7, 2026 | Zarmi Sigal Director | Award | 210 | $0 |
| Jul 7, 2026 | Yoon Suzanne Director | Award | 210 | $0 |
| May 29, 2026 | Likosar Jeffrey Pres Corp Dev & Trans. & CFO | Purchase | 15,000 | $101.3K |
| May 27, 2026 | Winter Matthew E Director | Award | 26,354 | $0 |
| May 27, 2026 | Gartland Thomas M Director | Award | 26,354 | $0 |
| May 27, 2026 | Zarmi Sigal Director | Award | 26,354 | $0 |
| May 27, 2026 | Houston Daniel Joseph Director | Award | 26,354 | $0 |
| May 27, 2026 | Yoon Suzanne Director | Award | 26,354 | $0 |
| May 27, 2026 | Tiedt Danielle Director | Award | 26,354 | $0 |
| May 27, 2026 | Smith Paul Joseph Director | Award | 26,354 | $0 |
| May 27, 2026 | Griffin Tracey R. Director | Award | 26,354 | $0 |
| May 14, 2026 | Miller Kimberly EVP, CMO & Comm. Officer | Purchase | 3,625 | $25.0K |
| May 12, 2026 | Ahmad Fawad EVP, Chief Oper and Cust. Off. | Purchase | 7,500 | $50.6K |
| May 11, 2026 | Khan Omar EVP, Chief Business Officer | Purchase | 7,280 | $50.1K |
| May 8, 2026 | Houston Daniel Joseph Director | Purchase | 36,450 | $250.4K |
| May 5, 2026 | Apollo Management Holdings GP, LLC Insider | Other | 102,000,366 | $739.50M |
| May 5, 2026 | Apollo Management Holdings GP, LLC Insider | Other | 102,000,366 | $739.50M |
| May 1, 2026 | Ahmad Fawad EVP, Chief Oper and Cust. Off. | Tax withheld | 26,045 | $196.6K |
| Apr 2, 2026 | Zarmi Sigal Director | Award | 150 | $0 |
| Apr 2, 2026 | Winter Matthew E Director | Award | 150 | $0 |
| Apr 2, 2026 | Gartland Thomas M Director | Award | 150 | $0 |
| Apr 2, 2026 | Houston Daniel Joseph Director | Award | 150 | $0 |
| Apr 2, 2026 | Miller Kimberly EVP, CMO & Comm. Officer | Award | 431 | $0 |
| Apr 2, 2026 | Yoon Suzanne Director | Award | 150 | $0 |
| Apr 2, 2026 | Dernberger Todd EVP and Chief Growth Officer | Award | 104 | $0 |
| Apr 2, 2026 | Smith Paul Joseph Director | Award | 150 | $0 |
| Apr 2, 2026 | Tiedt Danielle Director | Award | 150 | $0 |
| Apr 2, 2026 | Ahmad Fawad EVP, Chief Oper and Cust. Off. | Award | 2,644 | $0 |
| Apr 2, 2026 | Griffin Tracey R. Director | Award | 150 | $0 |
| Mar 8, 2026 | Dernberger Todd EVP and Chief Growth Officer | Tax withheld | 5,826 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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