Array Q1 EPS $2.08 on $52M revenue; TDS proposes to acquire outstanding shares

ARRAY DIGITAL INFRASTRUCTURE, INC.

2026-Q1 EPS reported $2.06 revenue$52,012,000

Net income of $179.8M ($2.08 diluted EPS) vs $4.7M ($0.05) a year ago; includes $156.6M gain on spectrum sale.
Total operating revenues of $52.0M, up 92% YoY, driven by tower rental growth.
Reaffirmed FY2026 guidance: revenue $200-215M, Adj. EBITDA $200-215M.
TDS non-binding proposal to acquire all outstanding Array shares not owned by TDS; special committee formed.
Verizon spectrum deal for $1.0B expected to close Q2/Q3 2026; closed $74.8M in 700 MHz sale on May 5.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ARRAY DIGITAL INFRASTRUCTURE, INC. reported first quarter of 2026 results: revenue $52.0 million, net income $179.8 million, EPS $2.08. Guidance reaffirmed.

Period: first quarter of 2026
Revenue: $52.0 million
Net income: $179.8 million
EPS: $2.08
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Array reported total operating revenues from continuing operations of $52.0 million for the first quarter of 2026, versus $27.0 million for the same period one year ago. Net income attributable to Array shareholders and diluted earnings per share from continuing operations were $179.8 million and $2.08 , respectively, for the first quarter of 2026 compared to $4.7 million and $0.05 , respectively, in the same period one year ago.

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Source: SEC EDGAR

accession 0000821130-26-000034

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