Uniti Group Inc (UNIT)
NASDAQ:UNIT
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.45Last Year’s EPS
-0.04Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operational and financial positives: robust fiber revenue growth (total fiber +15% YoY), strong Kinetic build and subscriber acceleration (88k homes passed in the quarter, +30k net fiber subs, consumer fiber revenue +26% YoY), improved churn and operational metrics, meaningful hyperscaler engagement (largest lit order, ~30% IRRs, ~$70M sales-type lease revenue in Q1) and notable capital structure progress (debt yields down ~600 bps, ABS access). Lowlights were mostly execution- and timing-related rather than structural: continued declines in legacy copper/TDM/Uniti Solutions (midteens expected), lumpiness and timing risk of hyperscaler one-time revenue (guidance left unchanged despite Q1 beat), some competitive pressure in copper from LEO/FWA, and modest equipment/conduit cost pressure. Overall, the positives—especially across the core fiber businesses, hyperscaler momentum, and improved capital structure—outweigh the manageable challenges and timing risks.Company Guidance
Strong Overall Fiber Revenue Growth
Total fiber revenue grew 15% year-over-year; Fiber Infrastructure fiber revenue grew 13% year-over-year. Consolidated pro forma revenue and adjusted EBITDA increased 1% and 10% year-over-year, respectively, marking the first quarter as a combined company to achieve both top-line and EBITDA growth.
Kinetic Build and Subscriber Momentum
Kinetic expanded fiber passings by ~88,000 homes in the quarter (ending the quarter with ~1.94 million homes passed). Kinetic added 30,000 net new fiber subscribers (ending with 564,000 fiber subs), a 22% year-over-year increase in total fiber subscribers. Kinetic consumer fiber revenue grew 26% year-over-year. Company reiterated 2026 targets for Kinetic: 2.3M–2.35M homes passed, 675k–700k fiber subs, and $635M–$655M consumer fiber revenue (implying ~25%–30% YoY growth).
Record Operational Performance and Improved Retention
Kinetic reported the strongest quarter ever of fiber gross adds and highest homes constructed in nearly four years. Consumer fiber churn at Kinetic reached its best level ever, with churn down ~14% year-over-year and early-life customer churn down ~20% year-over-year. Fiber penetration reached 29.1% (up 20 basis points sequentially and 120 basis points YoY). Fiber ARPU increased ~5% YoY. Operational metrics improved (fewer trouble tickets/truck rolls, highest installed completion rates, lowest repeat and transfer rates).
Hyperscaler & Fiber Infrastructure Momentum
Fiber Infrastructure recorded the third-highest quarter of bookings and consolidated bookings MRR of approximately $1.6M. The business reported ~$70M of sales-type lease dark fiber revenue in Q1. Management highlighted a 20-terabit wave package (largest lit bandwidth order in company history) and stated combined IRRs on hyperscaler deals sold to date are approximately 30%. Management expects to build ~6,000 new route miles and approach $1B cumulative nonrecurring cash revenue by 2028, with potential up to $500M of recurring annual cash revenue from lease-up.
Strategic Long-Term Targets and Market Position
Company reiterated long-term goals: 3.5M homes passed and 1.25M fiber subs by end of 2029, and being closer to 90% of revenue from core fiber business. Management highlighted opportunity to take share in the waves market (company currently <5% share) and product launch (FastWaves) to accelerate turn-ups.
Capital Structure Progress and ABS Access
Blended yields on debt improved ~600 basis points over three years, from ~12.5% (Feb 2023) to ~6.5% today. Recent ABS issuance printed at a blended coupon of ~5.7%. Company expects continued ABS activity and believes ABS can be a competitive, growing part of the capital mix. Management identified $500M–$1B of noncore assets that could be monetized over 12–36 months to further optimize capital.
UNIT 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
UNIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $11.28 | $11.37 | +0.80% |
Mar 02, 2026 | $7.32 | $7.83 | +6.97% |
Nov 04, 2025 | $6.13 | $6.00 | -2.12% |
Aug 05, 2025 | $8.09 | $7.25 | -10.38% |
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 Uniti Group Inc (UNIT) report earnings?
Uniti Group Inc (UNIT) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Uniti Group Inc (UNIT) earnings time?
Uniti Group Inc (UNIT) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is UNIT EPS forecast?
UNIT EPS forecast for the fiscal quarter 2026 (Q2) is -0.45.