ADT Reports 4% Revenue Growth and $0.24 Adjusted EPS in Third Quarter

What happened

ADT reported third-quarter 2026 revenue of $1.349 billion, up 4% from a year earlier, with adjusted diluted earnings per share of $0.24 versus $0.23. The company also announced a pending all-cash acquisition by Thrive Holdings, expected to close in the first quarter of 2027.

Confirmed

Global impact / market context

The pending all-cash buyout means ADT's stock price will likely track the deal terms rather than quarterly results, so the 4% revenue growth and higher adjusted earnings matter less to investors than whether the acquisition closes as planned.

Analyst inference

ADT's recurring monthly revenue of $360 million and 2.3-year revenue payback show a subscription-style business that recovers customer acquisition costs quickly, a profile that may appeal to a private buyer seeking steady cash flows.

Analyst inference

What to watch

1. The Thrive Holdings all-cash acquisition is expected to close in the first quarter of 2027, subject to customary conditions, so deal progress is the main event for shareholders. Confirmed
2. Watch whether ADT's gross customer revenue attrition, at 13.1%, improves or worsens, since customer losses directly reduce the recurring monthly revenue that supports cash flow. Proposed
3. Track adjusted free cash flow of $217 million, which includes interest rate swaps, because weaker cash generation could raise doubts about the company's standalone performance ahead of closing. Analyst inference

Evidence

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