AD
Array Digital Infrastructure, Inc.50.25
+1.24+2.53%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
DISH out; 6% tower growth expected.
Q&A confirmed Array's 2026 guidance fully excludes DISH revenue—any resolution pure upside—while embedding 6% same-store tower growth excluding T-Mobile activity, driven by roaming replacements, insourced sales, and Verizon deals. Management detailed the 300,000 added fiber edge-outs as adjacent expansions over a 2029-2030 horizon, with A-CAM unchanged, and stressed stable winter crews for 200,000-250,000 address builds. They rebuffed buying Array shares, prioritizing TDS repurchases. Video bundling stays vital for ARPU. C-band monetization faces no urgency. Investors will eye fiber execution and naked tower lease-up.
Key Stats
Market Cap
4.34BP/E (TTM)
23.48Basic EPS (TTM)
2.14Dividend Yield
0%Recent Filings
8-K
Approves 2026 incentive plan
Array Digital Infrastructure approved its 2026 Annual Incentive Plan on March 22, 2026, effective January 1, covering all associates except the Chair. Officers' bonuses weight 80% company performance—Adjusted Revenue (40%), Adjusted OIBDA (40%), New Cash Site Rental Revenue (20%)—versus 20% individual. Payouts scale 50-200% of target, but require employment through payout. Plan ties pay to revenue growth and profitability.
10-K
FY2025 10-K (financials omitted)
Array Digital Infrastructure's 10-K for FY2025 ended December 31, 2025, lacks financial statements, quarterly breakdowns, or MD&A results, so topline, profitability, and Q4 metrics not disclosed. No y/y deltas, segment trends, or EPS figures provided to assess annual or quarterly momentum. Liquidity, debt, capex, and capital allocation details absent. No guidance for 2026. Q4 drove nothing visible. Risk Factors on page 4 could derail unseen momentum.
8-K
Tower revenues soar 51%
Array Digital Infrastructure reported Q4 and full-year 2025 results from continuing operations, with site rental revenues up 51% to $154.7M and total revenues at $163M, fueled by tower growth and T-Mobile integration. Net income swung to $169.7M from a $85.9M loss. Momentum builds. Issued 2026 guidance of $200-$215M revenues and $50-$65M Adjusted OIBDA, pending T-Mobile and Verizon spectrum deals.
8-K
Array sells spectrum to AT&T
Array Digital Infrastructure closed its sale of select spectrum assets to AT&T for $1.018 billion cash on January 13, 2026, completing monetization of retained licenses post-T-Mobile deal. Board declared a $10.25 per share special dividend, payable February 2 to January 23 record holders. Cash influx bolsters shareholder returns. Dividend largely expected as ordinary and qualified.
8-K
Credit facility amended sharply
Array Digital Infrastructure slashed its credit facility borrowing capacity from $300 million to $100 million yet extended maturity to December 8, 2030. Lenders nixed Term SOFR credit spread adjustments and hiked aggregate secured debt capacity by $300 million. Borrowing just got cheaper. Cash netting for leverage ratios now caps at prior four-quarter EBITDA.
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