CommScope Holding Company, Inc. (COMM): Business Model Canvas [Dec-2025 Updated]

You're trying to figure out CommScope Holding Company, Inc.'s (COMM) game plan after that huge $10.5 billion divestiture of the CCS segment to Amphenol, and honestly, the old model is gone. As a former analyst, I can tell you the new focus is sharp: it's all about the higher-growth Access Network Solutions (ANS) and RUCKUS segments, which is critical as they navigate a cost structure that still includes significant debt management alongside R&D for things like Wi-Fi 7. We're looking at a company guiding for a full-year 2025 Adjusted EBITDA between $1.30 and $1.35 billion based on their Q3 2025 net sales of $1.63 billion; check out the full Business Model Canvas below to see the precise resources and revenue streams driving this leaner operation.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Key Partnerships

You're looking at the core relationships that define how CommScope Holding Company, Inc. (COMM) delivers its value proposition in late 2025, especially following its major strategic realignment.

The partnerships are critical, particularly as the company focuses on its 'RemainCo' structure post-divestiture.

Nokia for fiber-to-the-home deployments

CommScope Holding Company, Inc. and Nokia announced a joint initiative on October 13, 2025, integrating the CommScope FLX ODN platform with Nokia's Broadband Easy digital automation system to accelerate fibre-to-the-home (FTTH) deployments across the APAC region. This collaboration is designed to reduce manual errors and minimize rework in field installations.

• The joint solution was set to be showcased at Network-X 2025 in Paris (October 14-16) and Telecoms World Asia (November 18-19).
• The goal is to enable less-specialised technicians to handle field installations, cutting deployment time.

Amphenol for the strategic CCS divestiture

CommScope Holding Company, Inc. entered a definitive agreement to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation for $10.5 billion in an all-cash transaction, expected to close in the first half of 2026. This segment was projected to contribute approximately $3.6 billion in sales and deliver a 26 percent EBITDA margin in 2025. The deal is anticipated to generate about $10 billion in net proceeds after taxes and transaction-related costs, with approximately $7.2 billion earmarked for debt payoff and preferred equity redemption.

The financial impact of the remaining 'RemainCo' (ANS and RUCKUS) is already visible in the Q2 2025 results, where its net sales reached $513 million, a 58% year-over-year jump, with adjusted EBITDA surging 326% to $127 million. Management projected RemainCo adjusted EBITDA between $325 million to $350 million for the full year 2025.

Global telecom providers for network infrastructure

Key relationships with major telecom providers underpin the Access Network Solutions (ANS) segment, which saw net sales of $322.5 million in Q2 2025, a 65.0% increase from the prior year period.

Major Multiple System Operators (MSOs) for DOCSIS 4.0 rollouts

CommScope Holding Company, Inc. is a primary supplier for MSO technology upgrades. For instance, its STARLINE® FDX amplifier solution is live across Comcast's entire footprint, supporting their DOCSIS 4.0 Full Duplex (FDX) network upgrades. CommScope positions itself as the only provider offering the full DOCSIS 4.0 access technology ecosystem, including nodes, DAA modules, amplifiers, and vCCAP.

Liberty Global selected CommScope to develop and deploy a Remote MACPHY Device (RMD) Node platform for DOCSIS 4.0 in Europe.

The table below summarizes the financial context around the reporting period relevant to these infrastructure partnerships:

Metric (Consolidated)	Q2 2025 Value	Q3 2025 Value	YoY Change (Q3 2025 vs Q3 2024)
Net Sales	$1.39 billion	$1.63 billion	50.6%
Non-GAAP Adjusted EBITDA	$338 million	$402.5 million	97.1%
Adjusted EBITDA Margin	24.3%	24.7%	580 basis points improvement

Channel partners (resellers, distributors) for market reach

Channel engagement is supported by facilities like the CommScope Fiber Architecture Solutions Technology (FAST) Track, which opened in Catawba, NC, in December 2025. This facility is designed to help service providers and contractors, including partners like Netceed, shorten learning curves and accelerate design validation.

The RUCKUS segment, part of RemainCo, saw net sales of $190.2 million in Q2 2025, an increase of 46.5% from the prior year, driven by increased demand and an improved channel inventory position.

Finance: review Q4 2025 channel inventory reports by February 2026.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Key Activities

Research and development (R&D) for Wi-Fi 7 and DOCSIS 4.0

CommScope Holding Company, Inc. (COMM) directs R&D investment to support next-generation standards across its remaining core segments, Access Network Solutions (ANS) and RUCKUS.

For the nine months ended September 30, 2025, Research and development expenses totaled $270.1 million.

Key technology focus areas driving R&D include:

• Deployment of DOCSIS 4.0 amplifier and node products within ANS.
• Supporting strong demand for RUCKUS Wi-Fi 7 products and subscription services.
• Maintaining leadership with an FDX (Full Duplex DOCSIS) amplifier already live in Comcast's network.

Manufacturing and global supply chain management

The company manages its global manufacturing capacity and supply chain, which is a noted risk factor, while driving efficiency through transformation initiatives.

The execution of transformation efforts, including CommScope NEXT, has shown tangible results in profitability:

Metric	Period Ended September 30, 2025 (Q3)	Period Ended June 30, 2025 (Q2)
Consolidated Adjusted EBITDA Margin	24.7%	24.3%
RemainCo Adjusted EBITDA Margin	17.5%	17.9% (Q2 2024)

The Core non-GAAP adjusted EBITDA margin for the first quarter of 2025 reached 22.0%, a year-over-year improvement of 1,150 basis points.

Executing the CommScope NEXT transformation initiative

The CommScope NEXT initiative is a key activity focused on cost savings and operational realignment, mentioned alongside potential difficulties in realigning global manufacturing capacity.

The successful execution is reflected in the sequential improvement of profitability metrics.

• Sixth consecutive quarter of adjusted EBITDA growth as of Q3 2025.
• Consolidated Adjusted EBITDA grew 97% year-over-year in Q3 2025 to $402 million.
• RemainCo Adjusted EBITDA grew 95% year-over-year in Q3 2025 to $91 million.

Developing AI-driven enterprise networking software

Development centers on the RUCKUS segment, integrating advanced Artificial Intelligence (AI) features into the enterprise networking portfolio.

The RUCKUS segment's growth is driven by Wi-Fi 7 products and subscription services.

Specific AI capabilities include:

• Integration of generative, edge, and intent-based AI features.
• Ruckus IntentAI functionality uses business objectives as the primary driver for network configuration.
• Edge-based AI is said to boost network capacity, potentially delivering up to 20% improvement in connection outcomes.

The RUCKUS segment reported net sales of $190.2 million in Q3 2025, a 46.5% increase from the prior year.

Managing the massive debt reduction post-CCS sale

This activity involves realizing cash from the Connectivity and Cable Solutions (CCS) segment sale to execute a balance sheet reset.

Key financial figures related to the debt management plan are:

Financial Event/Metric	Amount
CCS Sale Price to Amphenol	$10.5 billion
Expected Net Proceeds	Approximately $10 billion
Debt Repayment Allocation	Approximately $7.2 billion
Preferred Equity Redemption	All preferred equity stake held by The Carlyle Group
Total Debt (as of Sept 30, 2025)	$7.25 billion
Debt-to-EBITDA (Pre-Sale Estimate)	Exceeded 5x

The company expects to distribute excess cash to shareholders as a special dividend within 60 to 90 days post-closing, which is anticipated in the first quarter of 2026.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Key Resources

You're looking at the core assets CommScope Holding Company, Inc. (COMM) relies on to execute its strategy, especially as the company focuses on its 'RemainCo' businesses post-CCS divestiture. These aren't just assets; they are the engines driving their specialized market position.

Extensive patent portfolio in connectivity and networking

CommScope Holding Company, Inc. maintains a large intellectual property base, which it actively manages for relevance. Here's a look at the scale and recent activity around that portfolio.

Metric	Value/Amount
Total Patents and Applications (Approximate)	Over 13,000
Patents and Applications Strategically Discontinued (Past Five Years)	Approximately 890
Discontinuation Rate (Approximate)	Around 6.8%
U.S. Patents Granted (Recent Years)	Over 970
U.S. Patents with Track One (Prioritized Examination) Request (Recent Subset)	Approximately two dozen

This portfolio supports key areas, with recent grants noted in November 2025 for items like a holder for an optical component and an overlay-based asset location and identification system.

Global manufacturing and distribution footprint

The company's manufacturing setup is described as 'very flexible,' which helps mitigate risks like tariffs. This flexibility is a key operational resource.

• Roughly 80% of CommScope Holding Company, Inc.'s U.S. sales in Q1 2025 involved products sourced in the U.S. or compliant with USMCA (e.g., made in Mexico or Canada).
• The RUCKUS product line primarily relies on manufacturing in Vietnam and Taiwan.

RUCKUS One cloud-native platform technology

The RUCKUS One platform is central to the RUCKUS segment, integrating with AI-driven networking solutions like IntentAI. The platform is continually updated to manage complex environments.

• The August 2025 release introduced support for common identity attributes to streamline Identity Management.
• RUCKUS One licensing now incorporates the IoT controller, consuming one Device Networking license per controller.
• The platform is used to manage Nokia's optical LAN network in joint enterprise solutions, providing a single AI-driven management point.

Specialized engineering talent for DOCSIS and 5G

The engineering talent pool is a resource focused on next-generation network technologies. The Access Network Solutions (ANS) segment's momentum is directly tied to this expertise.

• Engineering teams collaborate globally, driving inventions for solutions enabling customers to stay connected.
• The talent focus supports the 'continued deployment of our new DOCSIS 4.0 amplifiers and nodes.'
• As of December 5, 2025, job postings indicated a need for specialized roles, with 67 Engineering jobs listed on the company's career site.

Over $705 million in cash and equivalents (Q3 2025)

Liquidity remains a critical resource, especially ahead of the planned CCS segment sale closing in Q1 2026. This cash position supports near-term operations and strategic post-close actions.

CommScope Holding Company, Inc. ended the third quarter of 2025, on September 30, 2025, with $705.3 million in cash and cash equivalents. That quarter also saw the company generate $151.4 million in cash from operations.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Value Propositions

You're looking at the core value CommScope Holding Company, Inc. delivers to its customers right now, late in 2025, especially as the company pivots following major asset sales. It's all about enabling the next generation of connectivity, both for the massive cable operators and for enterprise/multi-dwelling unit (MDU) customers.

High-speed network infrastructure via DOCSIS 4.0 products

CommScope Holding Company, Inc. is a key enabler for the shift to multi-gigabit symmetrical speeds over Hybrid Fiber-Coaxial (HFC) networks. The value here is providing the physical layer technology that makes DOCSIS 4.0 a reality. Analysts estimate that cable operators plan to spend around $10 billion over the next five years just on these HFC network upgrades. CommScope Holding Company, Inc. has a proven Full Duplex DOCSIS (FDX) amplifier already live in Comcast's network, which is a concrete example of this value in action. The Access Network Solutions (ANS) segment, which houses this technology, saw its net sales surge by 77% year-over-year in the third quarter of 2025. While widespread rollout is projected for 2026-2028, the Connectivity and Cable Solutions (CCS) segment, which supplies much of this hardware, reported Q1 2025 revenue of $724 million, up 19.7% year-over-year, showing early momentum.

Intelligent, secure enterprise Wi-Fi 7 and switching solutions

For enterprise and property owners, the value proposition centers on deploying the latest wireless standards for superior performance and management. Strong demand for Wi-Fi 7 products and associated subscription services is clearly driving the RUCKUS segment, which posted sales growth of 15.2% in Q3 2025. The new RUCKUS solutions, like the H670 Indoor AP, are positioned as the industry's first AI-driven, wall-mounted, tri-band Wi-Fi 7 Access Points. To put the technology leap in perspective, one executive suggested that Wi-Fi 7 is four times better than its predecessor, Wi-Fi 6, in terms of speed and latency. The overall Wi-Fi 7 market is anticipated to exceed several billion dollars in value by the end of 2025.

Reduced complexity through integrated RUCKUS MDU suite

For Multi-Dwelling Unit (MDU) stakeholders, CommScope Holding Company, Inc. is offering simplified, automated network management, which directly translates to lower operating costs and better resident satisfaction. The new RUCKUS MDU 360 platform, built on the RUCKUS One AI-driven platform, provides a unified view of network health and resident experience across entire property portfolios. This is not just about hardware; it's about intelligence. A key feature is the RUCKUS Digital System Engineer (DSE), an AI assistant using a chat interface to turn complex analytics into simple, natural-language answers for property operators. This focus on automation and AI is intended to reduce manual troubleshooting.

End-to-end solutions for cable and telecom operators

CommScope Holding Company, Inc. provides a full stack of connectivity solutions, from the core network to the last mile. This is evidenced by the performance across its segments leading up to the planned divestiture of CCS. In Q3 2025, consolidated net sales reached $1.63 billion, a 50.6% increase year-over-year, showing broad-based demand across its offerings. The ANS segment, focused on access networks, saw its sales grow by 77.2% in that same quarter. The company's ability to service these large operators is reflected in its raised 2025 consolidated Adjusted EBITDA guidance, now projected between $1.30 billion and $1.35 billion.

Strategic deleveraging to strengthen the balance sheet

The most critical value proposition for investors and creditors is the aggressive strengthening of the balance sheet, which has significantly de-risked the company. You've seen the results of the asset sales, including the Outdoor Wireless Networks (OWN) and Distributed Antenna Systems (DAS) units for $2.1 billion, which were used to clear near-term debt. This move, combined with a comprehensive refinancing announced in late 2024, means there are no major debt maturities until 2027. As of September 30, 2025, the company held $705.3 million in cash and cash equivalents against $7.25 billion in long-term debt. The planned sale of the CCS segment for $10.5 billion, expected to close in Q1 2026, is set to further accelerate this. Management's goal is to drive the total debt-to-Adjusted EBITDA ratio below 6.00:1.00 by the end of 2026. This financial restructuring has clearly resonated with the market, as the stock delivered a 278.1% gain year-to-date as of early December 2025.

Here's a quick look at the financial context supporting these value drivers as of late 2025:

Metric	Value (Latest Reported)	Context/Period
Consolidated Net Sales	$1.63 billion	Q3 2025
Consolidated Adjusted EBITDA	$402.5 million	Q3 2025
Adjusted EPS (Non-GAAP)	$0.62 per diluted share	Q3 2025
ANS Segment Net Sales Growth	77.2% Year-over-Year	Q3 2025
RUCKUS Segment Sales Growth	15.2% Year-over-Year	Q3 2025
Cash and Cash Equivalents	$705.3 million	End of Q3 2025
Long-Term Debt	$7.25 billion	As of September 30, 2025
2025 Consolidated Adjusted EBITDA Guidance (Raised)	$1.30B to $1.35B	Full Year 2025 Projection

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Customer Relationships

You're looking at how CommScope Holding Company, Inc. (COMM) manages its connections with the entities buying its infrastructure and software. It's a mix of direct, high-touch service for the biggest players and a broad network for everyone else. This structure is key, especially as the company focuses on its RemainCo business-the RUCKUS and Access Network Solutions (ANS) segments-which posted combined net sales of $516.3 million in the third quarter of 2025.

Dedicated sales teams for major telecom and cable operators

For the largest telecom and cable operators, CommScope Holding Company, Inc. deploys dedicated sales resources. This is where the consultative approach really shines, particularly with Multiple System Operators (MSOs) navigating complex network modernization. The ANS segment, which saw net sales surge by 77.2% year-over-year to $337.8 million in Q3 2025, is heavily involved here, pushing DOCSIS 4.0 amplifier and node products. The company explicitly rejects a "one size fits all" strategy, recognizing that each customer's geography, network age, and homes passed require tailored solutions. This direct engagement is crucial for securing large-scale technology transitions.

Automated, self-service tools for RUCKUS software subscriptions

The RUCKUS segment, focused on enterprise and wireless, leans more toward scalable, automated interactions for software. RUCKUS net sales reached $178.5 million in Q3 2025, marking a 15.2% increase, partly due to improved channel inventory and demand for things like WiFi 7 products and subscription services. While the sales team drives large enterprise deals, the ongoing subscription revenue stream is supported by tools designed for self-service, helping customers manage their deployments efficiently without constant direct sales intervention. The focus here is on ease of use for recurring revenue streams.

Long-term, consultative relationships with MSOs for network upgrades

The relationship with MSOs is fundamentally long-term and consultative, centered on multi-year upgrade cycles, like the ongoing shift to unified DOCSIS 4.0. CommScope Holding Company, Inc. teams work closely with these service providers to maximize the value of their existing access network investments while planning for next-generation tech. This consultative work is about ensuring continuity and scalability, especially as governmental funding for broadband deployment extends into 2025 and beyond. The goal is to be a trusted partner shaping tomorrow's networks together.

Partner-managed relationships via global channel network

A significant portion of CommScope Holding Company, Inc.'s business flows through its global channel network, managed under the PartnerPRO® Network. This network is structured to support various levels of engagement, ensuring broad market reach and specialized deployment capabilities that complement direct sales efforts. The company requires Channel Partners to meet entry criteria, offering benefits in return for their investment in selling the solutions.

Here's a quick look at the structure of the PartnerPRO® Network:

• Distributors handle warehousing, sales, and logistics support.
• Solution Providers design, install, and support post-service deployments.
• EcoSystem partners collaborate, design, and integrate solutions.
• Alliance partners add strategic value to the community or customers.

This tiered partner structure is vital for delivering solutions across different geographies, with specific guidelines noted for regions like USA & Canada (NAR), Asia Pacific, Central & Latin America, and EMEA/India.

The reliance on this channel is evident in the RUCKUS segment's performance, where improved channel inventory positions contributed to its Q3 2025 sales growth.

To give you a sense of the scale of the customer base being served, even after the planned divestiture of the Connectivity and Cable Solutions (CCS) segment, the remaining business is still substantial, with Q3 2025 consolidated net sales at $1.63 billion. The company ended Q3 2025 with $705.3 million in cash and cash equivalents, positioning it to manage relationships and investments post-divestiture.

Here's a snapshot of the key revenue drivers related to customer segments as of late 2025:

Segment/Metric	Q3 2025 Net Sales (in millions)	Year-over-Year Change	Primary Customer Focus
RUCKUS (NICS ex-DAS)	$178.5	15.2% increase	Enterprise, Mobile Service Operators (via channel)
ANS	$337.8	77.2% increase	Telecom/Cable Operators (MSOs)
United States Net Sales (Consolidated)	$1,220.0 (approx.)	70.7% increase	All Segments (Largest Market)

Finance: draft the Q4 2025 partner incentive accrual by next Tuesday.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Channels

You're looking at how CommScope Holding Company, Inc. gets its products and services into the hands of customers as of late 2025. The mix involves direct engagement for the biggest players and a broad network for everyone else.

Direct sales force for large-scale service providers

The direct sales team focuses on the largest accounts, such as major service providers and hyperscale data center operators, which are driving significant growth. The Connectivity and Cable Solutions (CCS) segment, which serves enterprise and data center businesses, reported net sales of $724.1 million in the first quarter of 2025. Within CCS, enterprise fiber revenue accounted for 29% of that segment's revenue in Q1 2025. The overall consolidated net sales for CommScope Holding Company, Inc. reached $1.63 billion in the third quarter of 2025.

Independent distributors and specialized resellers

A significant portion of product movement relies on the established channel partner ecosystem, which includes distributors and specialized resellers. CommScope formally recognizes these partners through its Infrastructure Distributor Program, which includes an Elite tier. The scale of this channel is exemplified by partners like Anixter, which historically utilizes a global distribution network to ship 99 percent of copper, fiber, and wireless solutions within 24 hours from more than 100 warehouses across three different continents. The Networking, Intelligent Cellular and Security Solutions (NICS) segment, which includes the RUCKUS brand often sold through resellers, saw net sales of $163.1 million in Q1 2025.

The structure of the channel network is defined by partner types and status:

• Partner Type: Distributor, Solution Provider, Eco System Partner, Alliance, Sales Agent.
• Partner Status Tiers: Premier, Elite, Prestige, Select.
• Specialized Expertise Certifications include: Data Center Specialist and GigaREACH XL Certified.

System integrators for complex enterprise deployments

System integrators are key for complex enterprise and data center deployments, often utilizing CommScope's SYSTIMAX and NETCONNECT solutions. The growth in the enterprise space is a clear indicator of this channel's activity. The CCS segment saw its data center revenue grow by 88% year-over-year in Q1 2025. The company's third quarter 2025 consolidated non-GAAP adjusted EBITDA reached $402.5 million.

Here's a look at the segment performance that these channels support, as of the latest reported quarter:

Segment	Q3 2025 Net Sales (in millions)	YOY % Change (Q3 2025 vs Q3 2024)
Connectivity and Cable Solutions (CCS)	(Not explicitly broken out for Q3 2025 RemainCo)	(Implied in Consolidated Growth)
RUCKUS (Part of NICS/RemainCo)	(Part of RemainCo Net Sales)	(Implied in RemainCo Growth)
Access Network Solutions (ANS) (Part of RemainCo)	(Part of RemainCo Net Sales)	(Implied in RemainCo Growth)
RemainCo Consolidated Net Sales	$516.3 million	49.4%

Cloud-based RUCKUS One platform for software delivery

The RUCKUS One platform is the vehicle for delivering software and Network as a Service (NaaS) solutions, simplifying management across multi-access networks. The RUCKUS brand, which utilizes this platform, saw its segment net sales increase by 46.5% in the second quarter of 2025. The platform delivers network assurance, service delivery, and business intelligence through a unified dashboard. The RUCKUS Edge platform, built upon RUCKUS One, extends this cloud-based management to the network edge for rapid service deployment.

The platform enables new consumption models:

• Network as a Service (NaaS) for subscription-based consumption.
• Template-Based Configuration Management for large-scale, compliant deployments.
• Integration with third-party solutions, such as Nokia's optical LAN network management.

The RUCKUS segment is benefiting from strong demand for Wi-Fi 7 products and subscription services in 2025.

Finance: review Q3 2025 segment revenue against 2024 channel revenue contribution by Friday.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Customer Segments

You're looking at CommScope Holding Company, Inc.'s customer base as of late 2025, right in the middle of a major strategic shift with the planned sale of the Connectivity and Cable Solutions (CCS) segment. This means the customer focus is rapidly pivoting to the remaining Access Network Solutions (ANS) and RUCKUS businesses.

The company's revenue structure in the third quarter of 2025 showed consolidated net sales hitting $1.63 billion, a 50.6% increase year-over-year, demonstrating strong demand across the board before the CCS sale closes in the first quarter of 2026. The U.S. market is definitely the engine, with Q3 2025 net sales there reaching $1.22 billion, a 70.7% jump from the prior year. Globally, sales outside the U.S. were down slightly in Q3 2025, except for the Caribbean and Latin America region, which saw a 4.8% decline.

Here's a look at the revenue contribution from the segments that map to your customer groups, using the latest available figures:

Customer-Relevant Segment	Latest Reported Net Sales	Reporting Period
Connectivity and Cable Solutions (CCS)	$875.4 million	Q2 2025
Access Network Solutions (ANS)	$337.8 million	Q3 2025
RUCKUS (part of NICS)	$178.5 million	Q3 2025
Total Consolidated Net Sales	$1.63 billion	Q3 2025

Tier 1 and Tier 2 Telecom Operators

These operators are primarily served through the Access Network Solutions (ANS) segment, which is crucial for broadband infrastructure upgrades. The ANS segment saw its net sales surge by 77.2% year-over-year in Q3 2025, reaching $337.8 million. This growth is directly tied to the deployment of DOCSIS 4.0 amplifier and node products. Field trials of virtual CCAP (Converged Cable Access Platform) solutions have resulted in wins with Tier 1 global customers. The segment also benefits from legacy license sales.

Cable Operators and Multiple System Operators (MSOs)

MSOs are a key part of the CCS customer base, driving the demand for physical infrastructure. The CCS segment, which is slated for sale, delivered net sales of $875.4 million in Q2 2025, up 20.2% year-over-year. The strong performance here is supported by a major upgrade cycle, especially with the successful rollout of DOCSIS 4.0 products, which is a direct play into MSO infrastructure modernization.

Data Center Managers (partially via CCS until Q1 2026)

This is a high-growth area within the CCS segment, fueled by generative AI demands. The enterprise fiber revenue within CCS grew by 88% year-over-year in Q1 2025, reaching $213 million. In Q1 2025, enterprise fiber represented 29% of the total CCS revenue, up from 27% in Q4 2024. CommScope approved investments in incremental capacity specifically to capitalize on this data center market growth.

Business Enterprises (e.g., hospitality, education) for RUCKUS

The RUCKUS brand, part of the Networking, Intelligent Cellular and Security Solutions (NICS) segment, targets enterprise and education markets with advanced Wi-Fi. RUCKUS net sales in Q3 2025 were $178.5 million, a 15.2% rise, driven by demand for Wi-Fi 7 solutions and subscription services. The RUCKUS segment saw a 46.5% increase in net sales in Q2 2025. Specific enterprise customers mentioned include organizations in the hospitality and education sectors.

• RUCKUS introduced the MDU suite targeting multi-dwelling unit operators.
• The IntentAI solution is part of the RUCKUS One platform for network assurance.
• The segment benefits from normalized channel inventory levels.

Network Service Providers globally

This is a broad category encompassing the telecom and MSO customers mentioned above, but also includes mobile service operators. The NICS segment, which includes RUCKUS, is seeing adoption from mobile service operators due to its cloud-based RUCKUS AI platform. Furthermore, CommScope secured U.S. federal government certification, allowing sales to government agencies, which is another facet of the broader network service provider landscape.

Finance: draft 13-week cash view by Friday.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive CommScope Holding Company, Inc.'s (COMM) expenses as of late 2025, right before the big Connectivity and Cable Solutions (CCS) segment sale closes. Understanding this cost base is key to valuing the remaining entity, which is now heavily weighted toward the Access Network Solutions (ANS) and RUCKUS businesses.

The single largest component of direct cost is the Cost of Revenue, which for the third quarter of 2025 stood at $961.9 million. This figure, against consolidated net sales of $1,629.7 million in the same period, resulted in a gross profit of $667.8 million for Q3 2025. The resulting gross margin for the quarter was approximately 40.3%.

Beyond the direct cost of goods sold, the operating cost base is substantial. Total Operating Expenses for Q3 2025 were reported at $375.5 million. This total is comprised of several key buckets:

• Selling, general and administrative expenses were $226.8 million in Q3 2025.
• GAAP Research and development investment for next-gen technologies, which supports the growth in DOCSIS 4.0 and Wi-Fi 7, was $95.3 million in Q3 2025.
• Amortization of purchased intangible assets accounted for $51.7 million in the quarter.

The debt load remains a major cost factor, even with the planned deleveraging from the CCS sale. As of September 30, 2025, CommScope Holding Company, Inc.'s Long-Term Debt & Capital Lease Obligation was $7,255 million. This debt structure results in a significant ongoing drain, with the Interest Expense for the three months ended in September 2025 reported at $-155 million. This level of interest expense, relative to the Operating Income of $294 million for the same quarter, highlights the financial pressure before the planned debt repayment.

Manufacturing and global logistics costs are managed through a flexible footprint, though external pressures like tariffs create variable costs. For instance, management noted an estimated tariff-related growth impact of $10-$15 million for the second quarter of 2025, which they planned to mitigate. The company's ability to manage these supply chain costs is tied to its global manufacturing base, with RUCKUS products largely manufactured in Vietnam and Taiwan.

Here's a quick look at the key expense components for Q3 2025:

Cost Component	Amount (in millions USD)	Period
Cost of Revenue	961.9	Q3 2025
Total Operating Expenses	375.5	Q3 2025
Research and Development (GAAP)	95.3	Q3 2025
Interest Expense	-155.0	3 Months Ended Sep. 2025

The cost structure reflects a company in transition; the high fixed cost of debt service contrasts with the variable nature of manufacturing and logistics, which the company is actively managing via portfolio optimization. Finance: draft 13-week cash view by Friday.

CommScope Holding Company, Inc. (COMM) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for CommScope Holding Company, Inc. (COMM) as of late 2025, focusing on the core businesses that will remain post-divestiture, often referred to as RemainCo. This is where the immediate, recurring, and forward-looking revenue is concentrated.

The top-line performance for the third quarter of 2025 shows significant momentum. Consolidated net sales hit $1.63 billion for Q3 2025, marking a substantial 50.6% increase compared to the prior year period. This strong showing led management to raise the full-year outlook.

For the full year 2025, CommScope Holding Company, Inc. guided its consolidated Adjusted EBITDA to be between $1.30 billion and $1.35 billion. This upward revision reflects the strength seen in the underlying revenue drivers, particularly within the RemainCo segments.

The revenue streams are heavily weighted toward product sales from the Access Network Solutions (ANS) segment and the RUCKUS networking equipment business. Here's a look at the Q3 2025 segment revenue contributions:

Revenue Stream Component	Q3 2025 Net Sales (in millions)	Year-over-Year Growth
Access Network Solutions (ANS) Product Sales	$337.8	77.2%
RUCKUS Networking Equipment Product Sales	$178.5	15.2%
RemainCo (ANS + RUCKUS) Total Net Sales	$516.3	49.4%

Product sales from Access Network Solutions (ANS) hardware are clearly a major component. ANS net sales in Q3 2025 reached $337.8 million. This surge was primarily fueled by the ongoing DOCSIS upgrade cycle, specifically the deployment of DOCSIS 4.0 amplifier and node products.

For the RUCKUS networking equipment business, product sales contributed $178.5 million in net sales for the third quarter. This growth is tied to several factors that represent the service/software component of the revenue stream as well. The RUCKUS segment's growth was driven by:

• Strong demand for Wi-Fi 7 products.
• Increased subscription services revenue.
• Successful go-to-market initiatives.

While the exact dollar amount for Subscription and software-as-a-service (SaaS) revenue within RUCKUS isn't itemized separately from product sales in the top-line segment number, the mention of subscription services as a key driver confirms its role in the revenue mix. The profitability of this segment supports the recurring nature of some revenue; RUCKUS Adjusted EBITDA was $36 million in Q3 2025, representing a 38% increase year-over-year.

The overall health of these two segments, which form the future CommScope (RemainCo), is reflected in their combined profitability. RemainCo (ANS and RUCKUS) generated Adjusted EBITDA of $90.6 million in Q3 2025, which was up 95% versus the third quarter of 2024. Finance: draft 13-week cash view by Friday.