Array Digital Q1 Revenues Up 93% But Misses Estimates
Array Digital’s Q1 revenues rose 93% year-over-year driven by tower leasing growth, yet both revenue and adjusted EPS fell short of analyst forecasts due to spectrum deal timing. The company will webcast its annual shareholder meeting on May 19, 2026 at 8:30 a.m. Central time.
1. Q1 Financial Results
Array Digital reported Q1 revenues increased 93% year-over-year driven by tower leasing fees, but total revenue and adjusted EPS fell short of consensus forecasts. Spectrum transaction timing provided a boost to underlying profitability despite the top-line and earnings misses.
2. Revenue Growth Drivers
Lease revenue from Array’s 4,452 cell towers in 19 states grew on new tenant additions and contractual escalators. The firm continues to leverage its shared wireless infrastructure to support expanding 5G network deployments.
3. Annual Meeting Webcast Details
Array Digital will hold its Annual Meeting of Shareholders on May 19, 2026 at 8:30 a.m. Central time, with live and on-demand webcasts available. Shareholders are advised to register at least 15 minutes before the meeting to install any required multimedia streaming software.