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AD · NYSE · Telecommunications Services

Array Digital Infrastructure (AD)

Leases U.S. cell towers while monetizing spectrum retained after its wireless-business sale.

$35.32

vs last close−0.24 (−0.67%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	963	1,000	950	927	922	971	891	916	47	60	52	54
Cost of revenue	413	463	398	391	383	458	354	392	33	35	34	23
Gross profit	550	537	552	536	539	513	537	524	14	25	18	31
	493	515	501	500	629	522	496	489	21	15	13	−369
	333	348	331	322	324	353	332	328	21	15	13	23
General & administrative	0	0	0	0	0	0	0	0	0	0	0	23
Other expenses	160	167	170	178	305	169	164	161	0	0	0	−392
Operating income	57	22	51	36	−90	−9	41	35	−6	10	5	399
	−7	−10	1	−4	−2	−5	−1	1	53	55	227	54
Interest income	0	0	2	3	4	3	3	4	9	4	4	6
Interest expense	47	47	43	45	49	46	40	45	9	12	7	11
Other non-operating income	−1	−1	−5	−41	−47	−41	−39	−46	−62	−67	−235	−65
Income before tax	50	12	52	32	−92	−14	40	36	47	65	232	453
Income tax expense	27	−3	28	14	−14	−19	20	4	−63	23	52	116
Net income from continuing operations	23	15	24	18	−78	5	20	32	110	42	180	337
Discontinued operations	0	0	0	0	0	0	0	0	109	−1	−2	25
Other adjustments	1	0	0	0	0	0	0	0	0	0	0	0
Net income	23	14	18	17	−79	5	18	31	201	40	178	359
EPS, basic	$0.27	$0.16	$0.20	$0.20	−$0.92	$0.06	$0.21	$0.36	$2.33	$0.47	$2.06	$4.15
EPS, diluted	$0.27	$0.16	$0.20	$0.20	−$0.92	$0.06	$0.21	$0.35	$2.31	$0.47	$2.06	$4.15
Weighted average shares, basic	88	86	88	86	86	85	85	86	86	86	86	86
Weighted average shares, diluted	86	88	88	88	86	88	88	88	87	87	86	87
EBITDA	218	189	221	242	127	198	243	244	68	89	252	479
Depreciation & amortization	160	166	165	165	170	166	163	163	12	12	13	14
EBIT	58	23	56	77	−43	32	80	81	56	77	240	464