ADT Inc. Reports Q2 2026 Revenue of $1.31 Billion, Net Income Declines

ADT Inc. reported its financial results for the second quarter of 2026, revealing total revenue of $1.31 billion, a 1.9% increase from $1.29 billion in the same period last year. The company's monitoring and related services revenue slightly decreased to $1.08 billion from $1.09 billion, while security installation and product revenue rose to $230.2 million, up from $196.8 million. For the first half of 2026, total revenue reached $2.59 billion, compared to $2.55 billion in the prior year, reflecting a 1.4% increase.

The company’s net income for the second quarter was $153.9 million, down from $165.2 million a year earlier, resulting in diluted earnings per share of $0.19, unchanged from the previous year. For the first half of 2026, net income was $322.2 million, compared to $305.4 million in the same period of 2025. The decrease in net income was attributed to higher selling, general, and administrative expenses, which rose to $385.9 million from $356.1 million, and increased depreciation and amortization costs.

Strategically, ADT completed the acquisition of Origin Wireless, Inc. in February 2026 for $164 million, enhancing its capabilities in AI-enabled presence detection technology. This acquisition is expected to improve alarm verification and reduce false alarms, aligning with ADT's focus on smart home solutions. The company also continued its share repurchase program, buying back 68.1 million shares in the second quarter, with $906 million remaining under its 2026 Share Repurchase Plan.

Operationally, ADT served approximately 6.1 million security monitoring service subscribers as of June 30, 2026, with a gross customer revenue attrition rate of 13.1%, up from 12.8% in the prior year. The company reported a recurring monthly revenue (RMR) of $360 million, a slight decrease from $362.8 million a year ago, primarily due to the sale of its multifamily business in October 2025. The company anticipates that its transition to an outright sales model for new subscribers will continue to impact revenue and costs in future periods.

Looking ahead, ADT remains focused on leveraging its recent acquisitions and refining its service offerings to enhance customer retention and drive growth. The company expects to navigate macroeconomic challenges, including inflation and supply chain disruptions, while maintaining its commitment to operational efficiency and shareholder returns.