Array Digital Infrastructure Reports 90% Revenue Growth and $333.8M Net Income for Q2 2026

Array Digital Infrastructure, Inc. reported significant financial performance improvements in its quarterly filing for the period ending June 30, 2026. The company achieved total operating revenues of $54.1 million for the three months ended June 30, 2026, a 90% increase from $28.5 million in the same period of the previous year. For the six months, revenues reached $106.1 million, up 91% from $55.5 million in 2025. The increase was primarily driven by a 95% rise in site rental revenues, attributed to the execution of a Master Lease Agreement (MLA) with T-Mobile, which included leasing space on an additional minimum of 2,015 Array-owned towers.

In contrast, Array's operating expenses saw a dramatic shift due to the sale of its wireless operations to T-Mobile in August 2025. The company recorded a net income from continuing operations of $333.8 million for the three months ended June 30, 2026, compared to a loss of $18.2 million in the same quarter of 2025. For the six-month period, net income from continuing operations was $513.6 million, a substantial increase from $19.5 million in the prior year. The results reflect a significant gain from the sale of spectrum licenses, which contributed to a net income of $362.6 million for the quarter.

Operationally, Array owned 4,456 towers across 19 states as of June 30, 2026, with a tower tenancy rate of 98%. The company reported 4,362 colocations, which include T-Mobile's commitments under the MLA. However, revenues from DISH Wireless decreased significantly due to contractual disputes, leading to a $6 million drop in site rental revenues from this customer. Array is monitoring DISH's bankruptcy proceedings, which could further impact its financials.

Strategically, Array has been active in divesting its spectrum assets, having completed sales to Verizon and AT&T for a total of approximately $2.0 billion. The company also declared special dividends totaling $1.8 billion in early 2026, transitioning from a retained earnings position to an accumulated deficit as of June 30, 2026. Looking ahead, Array anticipates continued revenue growth from its tower leasing business, although it expects interim lease revenues from T-Mobile to decline as the integration period progresses. The company remains focused on monetizing its remaining spectrum assets and evaluating strategic alternatives, including a non-binding acquisition proposal from its parent company, Telephone and Data Systems, Inc.