Array Digital Infrastructure (NYSE:AD – Get Free Report) posted its earnings results on Friday. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.73, FiscalAI reports. Array Digital Infrastructure had a net margin of 250.79% and a return on equity of 8.52%. The company had revenue of $53.87 million during the quarter. During the same quarter in the prior year, the business posted ($0.44) EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year.
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 Stock Performance
NYSE AD traded down $1.46 during trading on Friday, reaching $29.91. The company’s stock had a trading volume of 572,575 shares, compared to its average volume of 232,603. The firm has a 50 day moving average price of $34.74 and a 200 day moving average price of $42.05. Array Digital Infrastructure has a 12 month low of $28.80 and a 12 month high of $60.82. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 4.82 and a beta of 0.34. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.
Institutional Investors Weigh In On Array Digital Infrastructure
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in shares of Array Digital Infrastructure during the 2nd quarter valued at $26,853,000. BlackRock Inc. bought a new position in shares of Array Digital Infrastructure in the second quarter worth $14,537,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Array Digital Infrastructure by 423.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 99,990 shares of the company’s stock worth $4,614,000 after purchasing an additional 80,872 shares during the period. Dimensional Fund Advisors LP raised its stake in Array Digital Infrastructure by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,299,582 shares of the company’s stock valued at $106,102,000 after purchasing an additional 57,198 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Array Digital Infrastructure in the second quarter valued at about $3,147,000. 18.03% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced 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. Royal Bank Of Canada lowered their target price on Array Digital Infrastructure from $52.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Friday, July 10th. Citigroup dropped their price target on Array Digital Infrastructure from $45.02 to $45.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded Array Digital Infrastructure from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.40.
Read Our Latest Research Report on Array Digital Infrastructure
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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