Array Digital Reports Q3 2026 Results with Record Fiber Growth Amidst Lowered Telecom Guidance
Array Digital reported third-quarter 2026 results characterized by a significant divergence between its growing fiber segment and declining legacy telecom streams. The company achieved record performance in fiber net adds, totaling 17,000 (a 50% year-over-year increase), and saw site rental revenue grow 14% to $52.5 million, largely driven by the T-Mobile Master Lease Agreement. However, management issued downward revisions for full-year telecom revenue guidance ($990 million to $1.01 billion) and adjusted EBITDA guidance due to persistent pressure on legacy business segments and rising operational costs associated with fiber expansion. Additionally, the company anticipates a period of tenantless towers (estimated between 1,200 and 1,600) as T-Mobile completes its network integration process.
Topics: capital expenditures fiber expansion guidance revision revenue growth share repurchases