Array Digital Q2 Revenue Nearly Doubles, Raises 2026 EBITDA Guidance
AD is trading near its 52-week low of $33.71 (5.8% above the low).
Summary
Array Digital's Q2 revenue nearly doubled to $53.2M, driven by 95% growth in site rental revenue as demand for tower space surged. Net income hit $362.6M, boosted by over $1.1B in spectrum license sales. Management raised full-year adjusted EBITDA guidance to $220M-$235M from $200M-$215M and narrowed the revenue forecast to $205M-$215M. This follows the June 1st announcement of an $11/share special dividend funded by the spectrum sales. The strong operational performance and raised outlook signal accelerating momentum in the core tower leasing business.
At the time of this announcement, AD was trading at $35.65 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $33.71 to $79.17. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.