Quarterly ResultAug 7, 2026, 07:46 AM
Array Digital Q2 Net Income Attributable to Shareholders $358.7M
AI Summary
Array Digital Infrastructure, Inc. reported a significant increase in net income attributable to shareholders to $358.7 million for Q2 2026, up from $31.5 million in Q2 2025, primarily driven by substantial gains from wireless spectrum license sales. Total operating revenues rose 90% to $54.1 million. The company also announced a non-binding proposal from TDS to acquire all outstanding Array Common Shares not owned by TDS, and paid special dividends totaling $1.8 billion from spectrum sale proceeds.
Key Highlights
- Net income attributable to Array shareholders for Q2 2026 was $358.7 million, up from $31.5 million in Q2 2025.
- Total operating revenues increased 90% to $54.1 million for Q2 2026.
- Adjusted EBITDA from continuing operations rose 56% to $56.2 million for Q2 2026.
- Received $1,167.6 million from spectrum sales to Verizon and T-Mobile in Q2 2026.
- TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares not owned by TDS.
- Paid special dividends totaling $1,836.7 million to shareholders in H1 2026.
- Cash and cash equivalents increased to $416.4 million as of June 30, 2026, from $113.4 million at year-end 2025.
- DISH Wireless failed to make certain payments, leading to Array no longer recognizing revenue from them.
Price Impact
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