Array Digital Infrastructure Q2 net income rises, not providing 2025 guidance
Overview
Array Q2 2025 rev declines 1% yr/yr to $916 mln
Net income rises, diluted EPS increases to $0.36
Completed $4.3 bln sale of wireless operations and select spectrum assets to T-Mobile
Third-party tower revenues increase 12%
Outlook
Array not providing 2025 financial guidance
Array expects growth in tower revenues and margins
Pending spectrum transactions with AT&T and Verizon expected to close 2H 2025 and Q3 2026
Company aims to monetize remaining spectrum assets
Result Drivers
TOWER REVENUES - Third-party tower revenues increased by 12%, contributing to overall revenue stability
WIRELESS SALE - Completed $4.3 bln sale of wireless operations to T-Mobile, impacting revenue structure
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Total operating revenues | $916 mln | ||
Q2 EPS | $0.36 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Array Digital Infrastructure Inc is $82.00, about 9.5% above its August 8 closing price of $74.25
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 53 three months ago
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