ADI Global Distribution Inc. — Third Quarter 2026 Earnings Summary

ADI Global Distribution reported a net loss of $655 million for the third quarter of 2026, driven primarily by a $659 million non-cash goodwill impairment charge triggered by residential market weakness. Net revenue for the quarter reached $1,306 million, representing a 9% year-over-year increase, while gross margin declined to 20.9% due to unfavorable product mix and inventory charges. The company lowered its full-year 2026 financial guidance, projecting net revenue between $4.91 billion and $4.93 billion and Adjusted Standalone EBITDA between $230 million and $240 million. Management cited continued challenges in the residential sector and weaker demand for Exclusive Brands products as key factors necessitating the revised outlook.