Uniti Group Q2 net loss widens on higher costs

Overview

• Company reported Q2 net loss of $155.9 mln

• Kinetic consumer fiber revenue up 19% yr/yr, with record net adds and premises constructed

Outlook

• Uniti sees full-year 2026 revenue of $3,630 mln to $3,680 mln

• Company expects 2026 adjusted EBITDA of $1,450 mln to $1,500 mln

• Uniti projects full-year 2026 net loss between $530 mln and $480 mln

Result Drivers

• FIBER INFRASTRUCTURE DEMAND - Co said record new bookings in fiber infrastructure were driven by strong demand from hyperscalers and neocloud providers for dark and lit wave solutions

• KINETIC CONSUMER FIBER GROWTH - Co reported record net adds and premises constructed in Kinetic consumer fiber, reflecting progress in fiber-to-the-home expansion

Company press release: ID:nGNX8fmlH7

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

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

• Wall Street's median 12-month price target for Uniti Group Inc (Delaware) is $11.75, about 13.3% above its July 29 closing price of $10.37

Reuters Recommended Reads

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• July 28 - American Tower tops second-quarter estimates, raises annual outlook

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(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.)