Array Q1 FY26 net income rises to $179.8 million; revenue climbs 93% to $52 million
Telephone and Data Systems, Inc.
Array Digital Infrastructure, Inc.
Telephone and Data Systems, Inc. TDS | 0.00 | |
Array Digital Infrastructure, Inc. AD | 0.00 |
- Array Digital Infrastructure posted first-quarter results with total operating revenues up 93% to USD 52 million, while net income attributable to shareholders climbed to USD 179.8 million, or USD 2.08 per share.
- Site rental revenues rose 92% to USD 51.02 million, with tower tenancy rate at 0.96 across 4,452 owned towers.
- Results included a USD 156.6 million book gain tied to a USD 1.02 billion sale of certain 3.45 GHz and 700 MHz spectrum licenses that closed Jan. 13.
- Array reaffirmed full-year 2026 guidance for total operating revenues of USD 200 million to USD 215 million.
- TDS delivered a non-binding proposal May 7 to acquire outstanding common shares it does not own, prompting formation of a special committee, while management said Array remains focused on optimizing tower operations and closing pending spectrum transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Array Digital Infrastructure Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG54723) on May 08, 2026, and is solely responsible for the information contained therein.