Quarterly ResultAug 6, 2026, 07:27 AM
Cogent Q2 EPS $1.38; Sells Data Centers for $224.2M
AI Summary
Cogent Communications reported its second-quarter 2026 financial results, with diluted EPS of $1.38, significantly boosted by the sale of ten data centers for $224.2 million, which resulted in a $130.7 million gain. Service revenue for the quarter was $235.6 million, a 1.5% sequential decrease, while adjusted EBITDA increased by 1.3% sequentially to $71.1 million. The company also approved a quarterly dividend of $0.02 per share and actively repurchased its 2032 secured notes, totaling $138.8 million through July 2026, following an amendment to its indenture.
Key Highlights
- Diluted EPS was $1.38 for Q2 2026, including a $130.7 million gain from data center sales.
- Service revenue for Q2 2026 was $235.6 million, a 1.5% sequential decrease.
- Adjusted EBITDA for Q2 2026 was $71.1 million, a 1.3% sequential increase.
- Sold ten data centers for $224.2 million, generating a $130.7 million gain.
- Approved a quarterly dividend of $0.02 per share.
- Repurchased $20.4 million of 2032 secured notes in Q2 and an additional $118.4 million in July.
- Amended 2032 secured notes indenture to increase maximum secured debt leverage ratio to 4.75.
Price Impact
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