Array Digital Infrastructure, Inc. (AD)
NYSE:AD
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.41Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful operational progress and strategic momentum: record fiber build velocity (40,000 addresses in Q1), strong fiber customer growth (+32% net adds) and fiber revenue (+13%), solid tower rental growth for Array (55%–64% normalized) and substantial spectrum monetization progress (~70% monetized). Management reiterated disciplined capital allocation (Granite State tuck-in, $520M buyback authorization) and a $100M cost-savings target by 2028 with early benefits appearing in 2026. Offsetting these positives are persistent legacy revenue pressures (cable -10%, total revenues -3%), modest adjusted EBITDA decline (-3%), uncertainty and reserves related to DISH nonpayment at Array, and ongoing wind-down/transition costs that compress near-term margins and widen guidance ranges. On balance, the operational wins, growth in fiber and tower cash rents, advance on spectrum monetization, and strategic M&A/structural proposal outweigh the short-term transitional headwinds.Company Guidance
All-Stock Proposal to Acquire Remaining Array Digital Infrastructure Shares
TDS proposed to acquire the remaining public shares of Array Digital Infrastructure in an all-stock merger at an exchange ratio of 0.86 TDS shares per Array share (assuming $10.40 per share dividend from spectrum monetization), aimed at simplifying corporate structure, eliminating duplicative costs, increasing share liquidity and strengthening capital structure.
Record Fiber Build Velocity
TDS Telecom delivered 40,000 marketable fiber service addresses in Q1 — the highest first-quarter total in company history and nearly 3x the delivery in 2025 — and remains on track for the 2026 target of 200,000–250,000 new fiber service addresses with a robust pipeline and record crew counts.
Fiber Footprint and Capability Expansion
TDS now serves approximately 1.1 million fiber service addresses (about 58% of total footprint), with 79% of addresses capable of gig speeds, reinforcing progress toward becoming a fiber-centric company.
Strong Fiber Customer Growth and Revenue Momentum
Residential fiber net adds were ~11,000 in Q1, up 32% year over year. Fiber revenue increased 13% YoY (an uplift of ~$11 million), helping to offset legacy copper and cable pressure.
Operational Transformation and Systems Progress
Completed billing conversion in cable markets, launched a new FieldForce platform for technicians, enabled multi-gig speeds across the entire cable footprint, and continue modernization that is starting to deliver cost benefits.
Disciplined Capital Allocation and Strategic M&A
Announced agreement to acquire Granite State Communications (adds 11,005 fiber service addresses adjacent to existing New Hampshire markets); $520 million share buyback authorization remains available though not executed in Q1.
Cost Savings Program on Track
Transformation initiatives are delivering benefits: cash expenses decreased 3% in Q1 and management remains on track to realize $100 million of run-rate savings by year-end 2028, with some savings already contributing to the bottom line in 2026.
Array Tower Business: Significant Revenue Growth and Tenancy Momentum
Array reported cash site rental revenue up 55% YoY (64% when normalized for DISH nonpayment); when including T-Mobile interim site revenue the increase is 86% YoY (98% normalized). Normalized tenancy ratio improved sequentially from 0.95 to 0.96.
Substantial Spectrum Monetization Progress
Array has monetized or reached agreements to monetize roughly 70% of its spectrum holdings; AT&T sale closed (resulted in $10.25/share dividend paid Feb 2), recent small T-Mobile transaction closed and additional T-Mobile/Verizon sales expected to close in Q2–Q3 subject to approvals.
AD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $49.30 | $55.77 | +13.12% |
Feb 12, 2026 | $49.42 | $50.56 | +2.31% |
Nov 07, 2025 | $39.58 | $38.48 | -2.79% |
Aug 11, 2025 | $42.98 | $44.57 | +3.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Array Digital Infrastructure, Inc. (AD) report earnings?
Array Digital Infrastructure, Inc. (AD) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Array Digital Infrastructure, Inc. (AD) earnings time?
Array Digital Infrastructure, Inc. (AD) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AD EPS forecast?
AD EPS forecast for the fiscal quarter 2026 (Q2) is 0.41.