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Array Digital Infrastructure Reports Strong Q2 2026 Results

Chicago, August 7, 2026 – Array Digital Infrastructure, Inc. (NYSE:AD) has announced its financial results for the second quarter ending June 30, 2026, showcasing substantial year-over-year growth and key operational optimizations. The company has made remarkable strides in executing its strategic priorities for the year, reinforcing its position in the telecommunications infrastructure sector.

Financial Highlights

In the second quarter of 2026, Array reported total operating revenues amounting to $54.1 million, which reflects a significant increase from $28.5 million in the same quarter of the previous year. The growing momentum in site rental operations contributed to a year-over-year revenue growth of 95%. Notably, net income attributable to Array shareholders surged to $333.8 million, with diluted earnings per share reaching $3.86, compared to $14.8 million and $0.17 respectively from the previous year.

Key Operational Progress

President and CEO Anthony Carlson emphasized the company's commitment to enhancing tower operations, demonstrated through ongoing sequential growth in tower tenancy. Array's focus on monetizing its spectrum assets has positioned the company well for future profitability. The company successfully completed sales of various wireless spectrum licenses, generating proceeds upwards of $1 billion. Notable transactions include:

• - Sale of 700 MHz wireless spectrum licenses for $74.8 million on May 5, 2026.
• - Sale of 600 MHz wireless spectrum licenses for $86.4 million on May 12, 2026.
• - Sale of additional cellular and other spectrum licenses totaling $1 billion on June 1, 2026.

These moves underscore Array's strategy to streamline its asset utilization amid its collaboration with major telecom operators, particularly T-Mobile, as they integrate their operational frameworks.

Future Outlook

Array has slightly refined its guidance for 2026 by narrowing its anticipated revenue range to $205 million - $215 million while increasing the Adjusted EBITDA expectations to $220 million - $235 million. The capital expenditure range remains steady at between $25 million and $35 million. This outlook is poised on the shifting market dynamics and customer needs while maximizing the benefits from its infrastructure assets as the demand for 5G technologies continues to proliferate across the nation.

Strategic Developments

In alignment with its growth trajectory, Array is actively involved in pending agreements with T-Mobile pertaining to additional spectrum sales. These expected transactions, pending regulatory approval, could be concluded in 2026, paving the way for additional revenue streams.

Challenges and Considerations

Despite the successful growth trajectory, the company must navigate challenges, particularly regarding its engagement with DISH Wireless. Following a bankruptcy filing by DISH, Array announced that it would cease recognizing revenue associated with DISH's Master Lease Agreement, affecting the anticipated revenue calculations moving forward. The situation emphasizes the inherent risks in the telecom sector driven by regulatory actions and shifts in market agreements.

Upcoming Events

To discuss these results and provide further insights into future growth plans, Array has scheduled a teleconference on August 7, 2026, at 9:00 a.m. CT. Interested parties can access the call live via the company’s investor relations page.

Array Digital Infrastructure, Inc. is a leading player in the wireless communications infrastructure space, owning and operating thousands of cell towers across the United States. With an ongoing commitment to supporting the rollout of 5G technologies, the company remains a pivotal player in the evolving telecommunications landscape.