Ribbon Communications (RBBN) reported third-quarter 2026 revenue of $218.7 million, up from $192.3 million in the second quarter and $215.4 million a year earlier. The company recorded a GAAP net loss of $9.1 million, compared with a $26.9 million loss in the prior quarter and a $12.1 million loss a year earlier.
GAAP diluted loss per share was $0.05, while GAAP operating income totaled $5.6 million. Ribbon projected fourth-quarter revenue of $233 million to $247 million.
- Third-quarter GAAP revenue was $218.7 million, with product revenue of $121.3 million and service revenue of $97.4 million.
- GAAP gross margin was 48.2%, compared with 47.0% in the second quarter and 50.1% a year earlier.
- IP Optical Networks revenue increased 17% sequentially, while Cloud and Edge revenue increased 11% sequentially.
- Fourth-quarter adjusted EBITDA guidance was $40 million to $47 million, and non-GAAP gross-margin guidance was 53.5% to 54.5%.
$RBBN Hedge Fund Activity
We have seen 90 institutional investors add shares of $RBBN stock to their portfolio, and 51 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 52,042,936 shares (+inf%) to their portfolio in Q2 2026, for an estimated $121,780,470
- NEUBERGER BERMAN GROUP LLC added 949,085 shares (+5.5%) to their portfolio in Q2 2026, for an estimated $2,220,858
- D. E. SHAW & CO., INC. added 810,534 shares (+82.7%) to their portfolio in Q2 2026, for an estimated $1,896,649
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 800,159 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,872,372
- BLACKROCK, INC. added 422,583 shares (+6.3%) to their portfolio in Q2 2026, for an estimated $988,844
- ACADIAN ASSET MANAGEMENT LLC added 329,737 shares (+22.9%) to their portfolio in Q2 2026, for an estimated $771,584
- GOLDMAN SACHS GROUP INC removed 329,315 shares (-44.2%) from their portfolio in Q2 2026, for an estimated $770,597
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
