secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0000821130-26-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000034/0000821130-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000034/ad-20260508.htm
  HTML page:      https://secwatch.observer/filing/0000821130-26-000034

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