Short answer
Ribbon Communications Inc. (RBBN) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $163M (down 10.3% year over year) with net income of −$34M.
Q1 2026 key financials · XBRL
- Revenue
- $163M
- −10.3% YoY
- Net income
- −$34M
- −31.5% YoY
- Operating margin
- -19.5%
- Gross margin
- 42.9%
- EPS (diluted)
- −$0.20
- −33.3% YoY
Source: XBRL data from the Ribbon Communications Inc. (RBBN) Q1 2026 10-Q on SEC EDGAR. USD.
Ribbon Communications Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $162.6M, down 10.3% YoY from $181.3M
- Gross margin 42.9% vs 45.4% YoY
- Cloud and Edge largest segment at $99.5M revenue, margin 56.4% vs 61.5%
- IP Optical Networks weakest segment, revenue $63.1M vs $73.7M YoY
- Operating loss $31.7M vs $19.6M; 2026 revenue and gross margin expected relatively consistent with 2025, tariffs and delayed purchases headwinds
Risk Factors
- Credit covenant breach risk triggered a waiver for June 30, 2026 maximum net leverage compliance
- Debt-cost risk from leverage, with interest margins increasing to 7.00% above 3.75:1.00 net leverage
- Refinancing risk from tighter leverage limits, rising to 4.50:1.00 for September 30, 2026 before reverting to 4.00:1.00
- Liquidity risk from $15 million credit-facility cap on share repurchases, despite $40.2 million program authorization remaining
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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