Quarterly ResultAug 7, 2026, 07:37 AM
Array Q2 Revenue +90% to $54.1M; EPS $3.86; Raises 2026 Guidance
AI Summary
Array Digital Infrastructure reported strong second quarter 2026 results, with total operating revenues increasing 90% year-over-year to $54.1 million and diluted EPS from continuing operations reaching $3.86. The company updated its 2026 guidance, narrowing its revenue range and increasing its Adjusted EBITDA range. These results were significantly bolstered by over $1.16 billion in wireless spectrum sales, which also funded a special dividend of $11 per common share. Additionally, a special committee is evaluating a non-binding proposal from TDS to acquire all outstanding Array Common Shares not owned by TDS.
Key Highlights
- Q2 2026 Total operating revenues grew 90% year-over-year to $54.1 million.
- Q2 2026 Diluted EPS from continuing operations was $3.86, up significantly from $0.17 YoY.
- Updated 2026 Revenue guidance narrowed to $205 million - $215 million.
- Updated 2026 Adjusted EBITDA guidance increased to $220 million - $235 million.
- Closed sales of wireless spectrum licenses for total proceeds of $1.16 billion.
- Issued a special dividend of $11 per common share on June 25, 2026.
- Site rental revenues grew 95% year over year, with consecutive quarter-over-quarter tower tenancy growth.
- TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares not owned by TDS.
Price Impact
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