Overview

* Anterix ( ATEX ) fiscal Q1 net income $25.18 mln, beats analyst expectations, per LSEG data

* EPS for fiscal Q1 was $1.35, beating analyst expectations, per LSEG data

* Co recorded gains from exchange and sale of broadband licenses

Outlook

* Company expects $70 mln in contracted proceeds for remainder of fiscal 2026

* Anterix ( ATEX ) advancing $3 bln pipeline of prospective contract opportunities

* Company sees growth in customer engagement initiatives

* Anterix ( ATEX ) focuses on monetizing spectrum assets to utility customers

Result Drivers

* BROADBAND LICENSE GAINS - Anterix ( ATEX ) recorded a $33.9 mln gain from exchanging narrowband for broadband licenses in 62 counties

* LICENSE SALES - Delivered broadband licenses covering 27 counties, resulting in a $1.0 mln gain

* SPECTRUM CLEARING - Invested $4.0 mln in spectrum clearing costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 $1.42

Spectrum mln

Revenue

Q1 EPS Beat $1.35 -$0.57

(2

Analysts

)

Q1 Net Beat $25.18 -$10.60

Income mln mln (2

Analysts

)

Q1 Beat $22.92 -$10.40

Pretax mln mln (2

Profit Analysts

)

Q1 Basic $1.35

EPS

Q1 $13.81

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 Anterix Inc ( ATEX ) is $72.00, about 70.9% above its August 11 closing price of $20.96

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)