ADT ADT Inc.
Price Chart
Executive Summary
ADT reported Q1 2026 GAAP EPS of $0.20 (up 25% YoY) and Adjusted EPS of $0.23 (up 10% YoY), with total revenue of $1.279B (+1% YoY). Operating cash flow surged 37% to $638M and Adjusted FCF (including swaps) jumped 83% to $414M. The company maintained its full-year 2026 outlook for flat revenue and Adjusted EPS with ~20% FCF growth, and returned $161M to shareholders via buybacks and dividends. The beat on EPS and strong cash flow generation are positive, but top-line growth remains sluggish at 1% and the company guided for flat full-year revenue and EPS, capping the bullish case.
Key Financial Metrics
Actionable Insight
ADT's Q1 beat on EPS and massive FCF growth are overshadowed by near-zero revenue growth (1%) and flat full-year guidance. The stock may see a modest positive reaction from the cash flow beat and buyback execution, but the lack of top-line momentum and worsening attrition (13.1% vs 12.6%) cap upside. Monitor the Q2 print for signs of ADT+ platform adoption accelerating revenue growth; if revenue remains stagnant, the bull case hinges entirely on capital return yield.
Key Facts
- Q1 2026 GAAP diluted EPS from continuing operations: $0.20 (vs $0.16 YoY, +25%)
- Q1 2026 Adjusted EPS: $0.23 (vs $0.21 YoY, +10%)
- Q1 2026 total revenue: $1.279B (vs $1.267B YoY, +1%)
- Monitoring & related services revenue declined 0.3% to $1.080B (vs $1.083B YoY)
- Net cash from operations: $638M (vs $467M YoY, +37%)
- Adjusted Free Cash Flow (including interest rate swaps): $414M (vs $226M YoY, +83%)
- Returned $161M to shareholders: $116M in share repurchases (18M shares) + $45M dividends
- Full-year 2026 outlook maintained: revenue and Adjusted EPS approximately flat, Adjusted FCF growth ~20%
- Quarterly dividend declared at $0.055/share, payable July 7, 2026
- Gross customer revenue attrition worsened to 13.1% (vs 12.6% YoY, +50bps)
Financial Impact
GAAP EPS beat consensus by $0.02 (11.0% beat); revenue in line at $1.279B vs $1.27B est. Operating cash flow up $171M YoY; Adjusted FCF up $187M YoY.
Risk Factors
- Flat full-year 2026 revenue and Adjusted EPS guidance implies no fundamental acceleration
- Gross customer revenue attrition worsened 50bps YoY to 13.1%, indicating churn headwinds
- Monitoring & related services revenue declined YoY for the second consecutive quarter
- Tariff headwinds cited in outlook could pressure installation margins
- Historical calibration shows prior bullish calls on ADT underperformed (avg T+20 alpha -8.18%)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001703056-26-000052 |
| Document: adt-20260430.htm | 0001703056-26-000052 |
| Document: 0001703056-26-000052-index-headers.html | 0001703056-26-000052 |
| Document: 0001703056-26-000052-index.html | 0001703056-26-000052 |
| Document: 0001703056-26-000052.txt | 0001703056-26-000052 |
| 8-K Data (Synthetic) | 0001703056-26-000052 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 18, 2026
2d ago
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Insider Cluster
| — | awaiting T+5 | — | — |
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May 8, 2026
12d ago
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DEFA14A
| $6.79 $6.98 | ▲ +2.80% | ▲ +2.88% | $6.98 (+2.80%) |
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May 4, 2026
16d ago
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Press Release
| $7.06 $6.79 | ▼ −3.82% | ▼ −6.76% | $6.98 (−1.13%) |
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May 4, 2026
16d ago
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Press Release
| $7.06 $6.79 | ▲ +3.82% | ▲ +6.76% | $6.98 (+1.13%) |
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Apr 30, 2026
20d ago
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8-K
| — | awaiting T+5 | — | — |
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Apr 24, 2026
26d ago
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8-K
| $7.22 $7.06 | ▼ −2.22% | ▼ −2.62% | $6.98 (−3.32%) |
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Mar 30, 2026
7w ago
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Court Ruling
| $6.47 $6.60 | ▲ +2.01% | ▼ −2.29% | $6.98 (+7.88%) |
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Mar 2, 2026
11w ago
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Press Release
| $7.06 $6.48 | ▼ −8.29% | ▼ −7.08% | $6.98 (−1.14%) |
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Feb 24, 2026
12w ago
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8-K
| $7.88 $6.78 | ▼ −13.96% | ▼ −12.86% | $6.98 (−11.46%) |
US Market Status
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