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High materiality9/10

ADI Global Distribution starts standalone chapter with record Q2 revenue

Aug 13, 2026, 7:07 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The standalone transition, record Q2 revenue, margin resilience, and defined 2026 outlook reduce execution risk and support a potential multiple re-rating, especially as leverage can be reduced with strong cash generation; near-term catalysts include the August 13 earnings call and 2H2026 guidance clarity.

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What happened, with direct paths to the underlying reporting

ADI Global Distribution has transitioned to standalone operation post-spin-off from Resideo, effective August 4, 2026. The company reported a record quarterly net revenue of $1.286 billion and a 22.7% gross margin, aided by tariff refunds. Management issued the 2026 standalone outlook, highlighting cash generation to reduce leverage and potential tuck-in acquisitions, with full-year revenue guidance near $4.95–$5.00 billion.

Spin-off from Resideo completed; ADI began standalone trading on Aug 4, 2026.
Q2 2026 net revenue récord at $1,286 million; gross margin 22.7%.
Standalone 2026 outlook initiated; liquidity ~$150m cash and $500m revolver.
Adjusted EBITDA $86m; margin 6.7%; net income $6m vs prior-year loss.
2H2026 guidance: net revenue $2,458–$2,508m; Adjusted Standalone EBITDA $139–$159m.

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