EarningsQ2 2026 Earnings Report

Uniti Group (UNIT) Q2 2026 Earnings Report

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Previous Report: Q1 2026

CH:UNIT Q2 2026 EPS Results

Actual EPS-CHF0.54

Consensus EPS-CHF0.36

Beat/MissMissed by -CHF0.19

One Year Ago EPS-CHF0.03

CH:UNIT Q2 2026 Revenue Results

Actual RevenueCHF729.04M

Expected RevenueCHF709.11M

Beat/MissBeat by +CHF19.94M

YoY Revenue Growth+202.50%

Earnings Announcement Details

QuarterQ2 2026

Date07/30/2026

TimeBefore Open

Conference CallThursday, July 30, 2026

CH:UNIT Upcoming Earnings

Uniti Group's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

CH:UNIT Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational and commercial momentum in Uniti's core fiber business: record Fiber Infrastructure bookings (nearly +30% vs prior record), high Waves demand and funnel (~1.3 PB), robust Kinetic net adds and expanded passings (141k new passings, +38k fiber net adds), solid YoY growth in fiber revenues (total fiber +10% YoY; Kinetic consumer fiber +19% YoY) and meaningful improvements in capital structure and yields. Offsetting these positives are continued declines in legacy Uniti Solutions and copper/TDM lines (driving pro forma consolidated revenue and adjusted EBITDA declines of 5% and 10% YoY), near-term ARPU pressure (Q3 ARPU expected down low-single-digits), increased net CapEx (Kinetic +$100M guidance) and timing risk around large wholesale deals that could slip into early 2027. On balance, operational wins, record bookings, strong funnel and improved financial flexibility materially outweigh the legacy declines and timing/ARPU headwinds, supporting a constructive near-to-medium-term outlook for Uniti’s fiber-first strategy.

Company Guidance

Uniti raised its 2026 operational and financial targets, now expecting 475,000–525,000 new fiber homes constructed in 2026, Kinetic homes passed of 2.33–2.38 million (coverage >50%), 675,000–700,000 fiber subs (603k at quarter end after +38k net adds), and Consumer Fiber revenue of $635–$655 million; at the midpoint combined guidance is Kinetic revenue/contribution margin $2.145B/$905M, Fiber Infrastructure $1.0B/$575M, Uniti Solutions $700M/$320M, consolidated revenue/adjusted EBITDA $3.655B/$1.475B with consolidated net CapEx ≈ $1.525B (Kinetic net CapEx ≈ $1.27B, +$100M; Fiber Infra net CapEx $140M, ≈14% intensity). Q2 operational highlights include Kinetic passing +141k homes (≈2.1M total), 29% fiber penetration (+90 bps YoY), 46% of Kinetic footprint passed, Fiber Infrastructure record bookings MRR ≈ $2.2M (≈30% above prior), >50% of bookings lit/Waves with booking mix ~20% neo-cloud/18% superscaler/10% hyperscaler/6% FTTx, a Waves funnel ~1.3 PB and 96×400G (20T+18T) sold this quarter, blended anchor lease-up cash yields 37%, expected ~$1.5B near-term build revenue with ~$500M of recurring revenue to follow, managed services attach ~6% (16% of new bookings), Q2 pro forma revenue/adj EBITDA down 5%/10% YoY, and capital/financing actions including ABS to fund builds and potentially pay down up to $500M secured debt, $500M–$1B of monetizable noncore assets, and improved blended debt yields from ~12.5% to ~6.5% (600 bps).

Record Fiber Infrastructure Bookings

Fiber Infrastructure posted a record quarter of new bookings, exceeding the previous record by almost 30%, with consolidated bookings MRR of approximately $2.2M (highest on record). Waves (lit capacity) were the single biggest product contributing to the record bookings.

Strong Top-Line Fiber Growth

Total fiber revenue grew 10% year-over-year; Fiber Infrastructure fiber revenue grew 6% year-over-year. Kinetic fiber-based revenue (consumer + wholesale) grew 12% year-over-year.

Kinetic Operational Momentum and Net Adds

Kinetic expanded fiber passings by ~141,000 homes in the quarter (highest level on record), ended the quarter with ~2.1M homes passed, added 38,000 net new fiber subscribers (highest fiber net adds on record) and reached 603,000 total fiber subscribers (up 25% year-over-year).

Raised Build Targets and Subscriber Guidance

Company raised expectations for new fiber homes constructed to 475,000–525,000 for 2026; Kinetic now expects to reach 2.33M–2.38M homes passed by year-end, 675,000–700,000 fiber subs and $635M–$655M Consumer Fiber revenue in 2026 (implying ~25%–30% YoY consumer fiber revenue growth).

Waves and High-Capacity Wins

Sold more Waves than ever: highlighted a 20-terabit and an 18-terabit Waves package (96 x 400G Waves sold as lease-up in one quarter to two customers). Waves funnel represents ~1.3 petabytes of traffic, signaling large lit-capacity demand.

Improved Unit Economics and Yields

Blended anchor lease-up cash yields of 37% (the highest they've reported), and Fiber Infrastructure revenue and adjusted EBITDA grew 10% and 20% year-over-year, respectively.

Churn Improvements

Kinetic reported its best second-quarter fiber churn on record; company has made churn a company-wide incentive metric and expects continued churn improvement toward industry-leading levels.

Stronger Capital Structure and Lower Cost of Debt

Blended yields on debt improved by ~600 basis points over three years (from ~12.5% in Feb 2023 to ~6.5% today). Completed a second ABS transaction at Kinetic to fund fiber build and potentially enable up to $500M secured debt paydown; identified $500M–$1B of noncore assets available for monetization.

CH:UNIT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	-0.48 / -	3.943	―
Jul 30, 2026	2026 (Q2)	-0.36 / -0.54	-0.032	-1600.00% (-0.51)
May 11, 2026	2026 (Q1)	-0.28 / -0.27	0.067	-509.64% (-0.34)
Mar 02, 2026	2025 (Q4)	-0.29 / -0.95	0.119	-898.66% (-1.07)
Nov 04, 2025	2025 (Q3)	-0.12 / 3.94	0.067	5827.71% (+3.88)
Aug 05, 2025	2025 (Q2)	0.16 / -0.03	0.093	-134.48% (-0.13)
May 06, 2025	2025 (Q1)	0.12 / 0.07	0.212	-68.68% (-0.15)
Feb 21, 2025	2024 (Q4)	0.13 / 0.12	0.173	-31.02% (-0.05)
Oct 31, 2024	2024 (Q3)	0.12 / 0.07	-0.452	114.72% (+0.52)
Aug 01, 2024	2024 (Q2)	0.13 / 0.09	0.146	-36.26% (-0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed