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/Mis Actual Consensu

s s

Estimate

$916 mln

otal

operatin

g

revenues

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 ( USM ) 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

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.)