Today

Agents

Chat

Arena

Discover

More

App

Spok Q2 revenue falls as wireless declines, cuts FY outlook - SPOK News | Rallies

Spok Q2 revenue falls as wireless declines, cuts FY outlook

SPOK•2026-07-29

Outlook

Spok now sees 2026 revenue between $132.5 mln and $139.5 mln, down from $136 mln-$143 mln
Company maintains 2026 adjusted EBITDA guidance midpoint at $30 mln
Spok says strategic realignment and sales pipeline visibility influenced updated guidance

Overview

U.S. healthcare communications firm's Q2 revenue fell 1.9% yr/yr as wireless revenue declined
Adjusted EBITDA for Q2 rose 22.1% yr/yr, while net income dropped 9.5%
Company completed $8 mln sale of narrowband licenses and lowered full-year revenue guidance

Result Drivers

Software revenue growth - Co said Q2 software revenue rose over 3% yr/yr, driven by 52% growth in license revenue and 53% growth in managed services revenue
Wireless unit decline - Wireless units in service fell 1.8% in Q2, though the rate of decline improved from Q1 and was consistent with prior year levels
Asset sale - Co completed sale of narrowband spectrum licenses for $8 mln as part of strategic realignment

Analyst coverage

Related News

Johnson & Johnson makes $465 million equity investment in Sail Biomedicines

JNJ•2026-07-29

Franklin BSP Realty Trust Q2 EPS USD 0.12

FBRT•2026-07-29

Peraso announces annual shareholder meeting via webcast

PRSO•2026-07-29

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the wireless telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Spok Holdings Inc is $14.00, about 28.6% above its July 28 closing price of $10.89

Homebuilder Green Brick's Q2 revenue beats amid strong Texas demand

GRBK•2026-07-29

Peraso director Daniel Lewis to retire, won’t seek re-election at 2026 annual meeting

PRSO•2026-07-29