Array Digital revenue rises 90% to $54.1 million
- Array Digital Infrastructure reported Q2 2026 continuing-operations revenue of $54.1 million, up from $28.5 million a year earlier.
- Net income attributable to shareholders reached $333.8 million, or $3.86 per diluted share, after multiple spectrum asset sales.
- Array raised its 2026 adjusted EBITDA outlook to $220–$235 million while continuing to monetize spectrum and expand its tower business.
Array Digital Infrastructure (NYSE:AD) reported Q2 2026 operating revenue from continuing operations of $54.1 million, up about 90%, as site rental revenue increased 95% to $53.2 million.
Net income from continuing operations attributable to shareholders increased to $333.8 million, or $3.86 per diluted share, compared with $0.17 per share a year earlier.
Array completed spectrum sales totaling about $1.16 billion during the quarter, including $1 billion of cellular and other licenses, and paid an $11-per-share special dividend on June 25.
The company raised 2026 adjusted EBITDA guidance to $220–$235 million and adjusted OIBDA guidance to $60–$75 million while maintaining capital spending of $25–$35 million.
Meanwhile, Array stopped recognizing revenue from DISH Wireless in Q1 because of collection uncertainty and is monitoring bankruptcy proceedings involving DISH, after previously disputing DISH’s claim that certain lease obligations were excused.
A special committee is also reviewing Telephone and Data Systems’ non-binding proposal to acquire the Array shares it does not own, with TDS holding about 81.9% of Array’s outstanding capital stock when the proposal was announced.
