| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 235.56 | 1.5% | 4.3% |
| Total Income | 235.56 | 1.5% | 4.3% |
| Expenditure | 250.05 | 2.2% | 10.0% |
| PBT | 83.12 | 263.0% | 211.5% |
| Net Profit | 66.64 | 268.5% | 215.3% |
| OPM | 50.49% | 56.14pp | 63.27pp |
| NPM | 28.29% | 44.82pp | 51.76pp |
| EPS | 1.39 | 267.5% | 214.9% |
Cogent Communications Reports Second Quarter 2026 Results
06 Aug 2026 · 6 Aug, 4:57 pm
Summary
Cogent Communications reported second quarter 2026 service revenue of $235.6 million, a 1.5% decrease sequentially and a 4.3% decrease year-over-year. Adjusted EBITDA was $71.1 million, up 1.3% from the prior quarter, with an adjusted EBITDA margin of 30.2%. The company also highlighted a significant gain of $130.7 million from the sale of ten data centers and a continued decline in its net leverage ratio. IP Network traffic saw a 2% sequential increase.
Key Highlights
- 1
Cogent sold ten of its owned data centers for net proceeds of $224.2 million, resulting in a gain of $130.7 million in Q2 2026.
- 2
Service revenue was $235.6 million for Q2 2026, a decrease of 1.5% from Q1 2026 and a decrease of 4.3% from Q2 2025.
- 3
EBITDA, as adjusted, was $71.1 million for Q2 2026, an increase of 1.3% from Q1 2026.
- 4
EBITDA, as adjusted, margin was 30.2% for Q2 2026, up from 29.3% in Q1 2026.
- 5
IP Network traffic for Q2 2026 increased by 2% from Q1 2026 and increased by 16% from Q2 2025.
- 6
Cogent's net leverage ratio, adjusted for amounts due from T-Mobile, declined to 6.23 for Q2 2026 compared to 6.79 for Q1 2026.
- 7
Cogent approved a quarterly dividend of $0.02 per share for Q2 2026.
Management Comments
David Schaeffer
The sale of ten of our owned data centers for net proceeds of $224.2 million, resulting in a gain of $130.7 million, was a significant event in Q2 2026. Our IP Network traffic continues to grow, increasing by 2% from Q1 2026 and by 16% from Q2 2025. We are pleased to see our net leverage ratio decline to 6.23 for Q2 2026, down from 6.79 in Q1 2026, reflecting our ongoing deleveraging efforts.
Informational and educational content only. Not investment advice.