Array Digital Infrastructure (NYSE:AD – Get Free Report) released its earnings results on Friday. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.73, FiscalAI reports. The firm had revenue of $53.87 million during the quarter. Array Digital Infrastructure had a net margin of 250.79% and a return on equity of 8.52%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.44) EPS.
Here are the key takeaways from Array Digital Infrastructure’s conference call:
- TDS Telecom delivered a record 76,000 fiber service addresses in the quarter and added a record 17,000 fiber customers; its footprint now exceeds 2 million addresses, with fiber net adds up 50% year over year.
- TDS Telecom lowered its 2026 revenue and Adjusted EBITDA guidance, citing persistent legacy-business declines and higher operating costs. Capital expenditure guidance rose by about $100 million at the midpoint to approximately $750 million, partly to pull forward future fiber construction.
- TDS said it has nearly exhausted its $520 million share-repurchase authorization and approved an additional $250 million; it also acquired Granite State Communications, adding nearly 13,000 fully fibered addresses.
- Array reported strong tower revenue growth: cash site rental revenue rose 20% year over year after adjusting for DISH and excluding T-Mobile interim-site revenue, and grew 7% excluding the T-Mobile MLA as well. However, Array expects 1,200–1,600 towers to become tenant-less as T-Mobile completes network integration, while its full-year outlook remained unchanged.
- TDS withdrew its offer to acquire Array’s remaining publicly held shares after the parties could not agree on value and consideration; management said its immediate priority is to build both businesses independently.
Array Digital Infrastructure Trading Down 4.7%
Shares of AD traded down $1.46 during trading hours on Friday, hitting $29.91. The company had a trading volume of 572,575 shares, compared to its average volume of 232,603. The firm has a market cap of $2.59 billion, a P/E ratio of 14.57 and a beta of 0.34. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $34.74 and its 200 day moving average price is $42.05. Array Digital Infrastructure has a 52-week low of $28.80 and a 52-week high of $60.82.
Institutional Investors Weigh In On Array Digital Infrastructure
Analyst Ratings Changes
Several analysts have commented on the stock. Citigroup dropped their target price on shares of Array Digital Infrastructure from $45.02 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings downgraded Array Digital Infrastructure from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. decreased their price objective on Array Digital Infrastructure from $54.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada decreased their price target on Array Digital Infrastructure from $52.00 to $40.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.40.
Array Digital Infrastructure News Summary
Here are the key news stories impacting Array Digital Infrastructure this week:
- Positive Sentiment: Array reported Q3 revenue of $53.87 million, up 14.4% year over year, and earnings per share that exceeded consensus estimates. Array reports third quarter 2026 results
- Positive Sentiment: J.P. Morgan maintained its Buy rating on the stock, offering continued analyst support. J.P. Morgan sticks to Buy rating
- Negative Sentiment: Array affirmed FY 2026 revenue guidance of $205 million–$215 million. The $210 million midpoint is slightly below the $212 million consensus, which may limit enthusiasm despite the quarterly beat. Array Digital reports Q3 revenue and maintains outlook
About Array Digital Infrastructure
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.
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