The second quarter of the 2024 earnings reporting season has begun, and Lightwave+BTR is tracking how key players in the broadband industry performed. Please check here for updates on this segment's providers, vendors and integrators.
You can also check out how Lightwave+BTR tracks the first quarter of 2024 results of the major players in the optical networking industry.
Also, check out our coverage of Q4 2023 and Q1 2024 broadband earnings and Q4 2023 and Q1 2024 optical earnings.
Jul 22
Verizon
www.verizon.com
Verizon reported second-quarter consolidated net income of $4.7 billion, down from $4.8 billion in the second quarter of 2023.
- see our broadband coverage
Calix
www.calix.com
Calix reported $198.1 million in the second quarter of 2024, which it said represents the low point for revenue in 2024.
Jul 23
Comcast
www.comcast.com
Comcast lost 120,000 total domestic broadband customers in the second quarter.
Jul 24
AT&T
www.att.com
AT&T reported second-quarter revenues were $29.8 billion versus $29.9 billion in the year-ago quarter, down 0.4%. The telco said this decline was due to lower Business Wireline service revenues and declines in Mobility equipment revenues driven by lower sales volumes.
- see our broadband coverage
Jul 26
Charter Communications
www.spectrum.com
Charter reported second-quarter revenue of $13.7 billion, up 0.2% year-over-year, driven by 36.9% revenue growth in residential mobile service and 1.3% revenue growth in residential Internet.
Jul 29
Harmonic
www.harmonic.com
Harmonic’s second-quarter revenue of $138.7 million was down year-over-year, but exceeded analyst estimates by 3.8%.
July 30
Corning
www.corning.com
Corning reported that optical communications sales were $1.1 billion, up 20 percent from the first quarter, marking a return to growth.
- see our coverage
Aug. 1
Altice USA
www.alticeusa.com
Altice USA reported $2.2 billion in revenue for the quarter, down 3.6% year-over-year, and adjusted EBITDA of $867 million, down 5.9%.
- see our coverage
Cable One
www.sparklight.com
Clearfield
www.seeclearfield.com
Clearfield reported total net sales of $48.8 million for the quarter. This is above the high end of the company’s guidance range ($40 million-$44 million) but represents a 20% year-over-year decrease.
- see our coverage
Aug. 2
Frontier
www.frontier.com
Fiber subscriber growth drove Frontier's consumer revenue by 1.8% year-over-year to $789 million, up 1.8% year-over-year. However, the company still saw fiber growth, partly offset by declines in copper.
-see our broadband coverage
-and our business services coverage
TDS Telecom
www.tdsinc.com
TDS reported second quarter 2024 revenues of $1.24 billion, down 2.3% year over year. During the quarter, the company also announced two deals: agreements to sell USCellular’s wireless operations to T-Mobile and TDS’s OneNeck IT Solutions operations to US Signal.
- see our coverage
Aug. 5
Adtran
www.adtran.com
Adtran reported revenues of $226 million during the company’s Q2 2024 earnings call—down 31% year over year and flat quarter over quarter. International revenues made up 52.4% of total revenues, and domestic revenues contributed 47.6%.
- see our coverage
Aug. 6
Lumen
www.lumen.com
Lumen reported second-quarter revenues of $3.27 billion, declining 10.7% year-over-year. Adjusted EBITDA was $1.01 billion, down from $1.3 billion in the same period a year ago.
-see our coverage
Aug. 7
Shentel
www.shentel.com
Shentel continues to find its footing in the fiber-to-the-home (FTTH) market, scaling its Glo Fiber service to 27 markets across six states as of the end of the second quarter.
- see our coverage
Aug. 8
CommScope
www.commscope.com
CommScope reported net sales of $1.4 billion, a 13% year-over-year decrease, but says that assets sales and BEAD readiness position the company for growth.
- see our coverage
Aug. 21
Dycom
Dycom reported that its second-quarter 2025 revenue increased 15.5% yearly to $1.2 billion, and organic revenue increased 9.2%.
- see our coverage
Sean Buckley
Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.