Quarterly ResultNov 6, 2026, 07:36 AM
Array Digital Infrastructure Q3 Revenue Up 14% to $53.87M; Net Income Down 36%
AI Summary
Array Digital Infrastructure, Inc. reported its third quarter 2026 results, with total operating revenues increasing 14% year over year to $53.87 million. Site rental revenues also grew 14% to $52.475 million. However, net income attributable to Array shareholders decreased by 36% to $69.58 million, and diluted EPS from continuing operations fell to $0.81 from $1.25 in the prior year's quarter. The company reaffirmed its 2026 financial guidance and noted that TDS is no longer pursuing its acquisition proposal. Approximately $30 million in spectrum licenses are still pending sale.
Key Highlights
- Site rental revenues grew 14% year over year to $52.475 million in Q3 2026.
- Total operating revenues increased 14% year over year to $53.87 million in Q3 2026.
- Net income attributable to Array shareholders was $69.58 million in Q3 2026, down 36% from $108.83 million in Q3 2025.
- Diluted EPS from continuing operations was $0.81 in Q3 2026, down 36% from $1.25 in Q3 2025.
- Array reaffirms 2026 financial guidance for total operating revenues ($205-$215M) and Adjusted EBITDA ($220-$235M).
- TDS announced it is no longer pursuing its non-binding proposal to acquire Array.
- Approximately $30 million in wireless spectrum licenses remain to be sold, with expected closing in 2026.
Price Impact
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