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ADIG −0.61% today · Analysis updated Nov 13, 2026, 9:50 AM ET
Why is ADI Global Distribution Inc. (ADIG) stock down today?
ADIG lost about half its value on Nov 12, falling from $19.58 to $9.82 on volume of about 5.7M shares, roughly 10x the recent daily average. The stock had been rising steadily before that, up from about $17.37 on Oct 27 to $19.58. The trigger was a Q3 net loss of $655M, including a $659M non-cash goodwill impairment, against an expected profit. Revenue beat at $1.31B, up 9%, but adjusted EBITDA fell 13% to $66M. Gross margin fell 170 bps to 20.9%, and management cut its full-year outlook, citing a weak residential market and an unfavorable product and customer mix. Two law firms have announced securities investigations. Today's early trade is at $9.76, near the post-crash close, with no sign yet of a rebound. The impairment is non-cash, and the stock now sits at a much lower valuation. Even so, the margin pressure, the guidance cut and the legal overhang weigh on near-term sentiment. Analyst targets in the $20s are likely to be cut sharply.
News behind the analysis
- ADI Stock Value Collapses 50% After It Reported a FY2026 Q3 Net Loss & Cut Its Future ExpectationsADIG fell about 50% to $9.82 after a Q3 net loss of $655M and a lowered outlook, with the company citing weak residential demand. Shares slipped a further 1.7% after hours.
- Why is ADI Global Distribution stock crashing today?Q3 EPS was -$8.65 against an expected profit of $0.46, driven by a $659M non-cash goodwill impairment. Revenue rose 9% to $1.31B, but adjusted EBITDA fell 13% to $66M.
- Why is ADI Global Distribution stock crashing today? (UK)Gross margin fell 170 bps to 20.9%, or about 260 bps on an underlying basis. Guidance fell short on every key metric.
- ADI Global Distribution Sets New 1-Year Low After Earnings MissThe stock hit a 52-week low after the weak report. The consensus rating is Hold, with a consensus target of $24.25 that is now well out of date.
- Glancy Prongay Wolke & Rotter LLP Investigates Possible Securities Fraud After 49.85% Share Price DropA law firm announced a securities fraud investigation into ADIG after the Nov 12 drop of 49.85% to $9.82.
- ADIG Investor Alert: Investigation Announced by Holzer & Holzer, LLCA second law firm is investigating whether ADI complied with securities laws. It cites the $659M goodwill impairment and the revised projections.
- ADI Global Distribution: 3 Key Takeaways for Long-Term InvestorsThe company cut its full-year profit outlook as housing weakness hit its proprietary, higher-margin products. Freight and warehouse consolidation costs are also elevated.
- Stocks Closed Slightly Lower on Nov 12, 2026ADIG was the biggest decliner in the market-movers table, closing down 49.85% on the day it lowered its 2026 outlook.
- 12 Information Technology Stocks Moving In Thursday's Intraday SessionMidday, ADIG was down 43.24% at $11.12, with a market cap of about $1.4B.
- ADIG Stock Quote Price and ForecastJPMorgan lowered its price target to $20 from $25 on Oct 13, before the earnings collapse. Evercore ISI initiated at In Line on Sep 28.