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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Array Digital Infrastructure
Array Digital Infrastructure (AD) investor relations material
Array Digital Infrastructure Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
Fiber deployment and customer additions reached quarterly records; telecom legacy declines and higher costs pressured results, while tower site rental revenue grew 14% YoY to $52.5M.
TDS withdrew its proposal to acquire shares it did not own on September 1; remaining priorities include tower operations and spectrum monetization.
Financial highlights
TDS Telecom Q3 revenue was $247M, down 3% YoY; Adjusted EBITDA was $66M, down 18%, and capital expenditures were $251M versus $102M.
Tower Q3 operating revenue was $53.9M, up 14%; Adjusted EBITDA was $63.7M, down 25%, and Adjusted OIBDA was $18.3M versus $6.1M.
Tower cash site rental revenue was $46.5M versus $42.0M, up 20% excluding T-Mobile interim sites; Q3 net income attributable to shareholders was $68.8M.
Nine-month operating income was $557.7M, largely reflecting spectrum-sale gains; net income attributable to shareholders was $605.3M.
Outlook and guidance
2026 telecom revenue guidance was reduced to $990M–$1,010M and Adjusted EBITDA to $290M–$310M; Adjusted OIBDA guidance fell to $280M–$300M.
Telecom 2026 capital expenditure guidance increased to approximately $750M from $625M–$675M; nearly half the increase is pulled-forward spending expected to support 2027 address delivery.
Fiber delivery remains targeted at 250,000–300,000 new service addresses in 2026; an additional 25% of E-ACAM addresses is planned for delivery next year.
Tower 2026 guidance was reaffirmed: revenue $205M–$215M, Adjusted OIBDA $60M–$75M, Adjusted EBITDA $220M–$235M and capital expenditures $25M–$35M.
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Latest events from Array Digital Infrastructure
- Record fiber and tower growth, major spectrum sales, and special dividends drove strong results.AD
Q2 2026 - Wireless-cable convergence, asset sales, and fiber expansion drive future growth and margin gains.ADRaymond James TMT and Consumer Conference
- All proposals passed, T-Mobile deal closed, special dividends paid, and growth priorities set.ADAGM 2026
- Record fiber, tower, and spectrum growth drove Q1 2026 revenue and net income gains.ADQ1 2026
- Shareholders will vote on directors, auditor, officer exculpation, and executive pay after a transformative year.ADProxy filing
- Shareholders will vote on directors, auditor ratification, officer exculpation, and executive pay.ADProxy filing
- Major transformation, new leadership, and key governance votes mark this year's proxy.ADProxy Filing
- Tower and fiber growth accelerate as wireless assets are divested and capital is returned.AD47th Annual Raymond James Institutional Investor Conference
- Major spectrum sales and fiber expansion fueled growth, special dividends, and a strong 2026 outlook.ADQ4 2025
Next Array Digital Infrastructure earnings date
Q4 202626 Feb, 2027
Array Digital Infrastructure
Next Array Digital Infrastructure earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
United States Cellular Corporation, commonly known as UScellular, provides wireless telecommunications services in the United States. The company offers a range of services, including voice, messaging, and data services, to both individual and business customers. UScellular operates a robust network of retail stores and customer service centers, ensuring widespread accessibility for its customers. Additionally, the company provides various wireless devices such as smartphones, tablets, and accessories, alongside offering plans tailored to different customer needs. The sectors served by UScellular include consumer, business, and government markets. The company is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.