EarningsQ2 2026 Earnings Report
MX:OPTU Q2 2026 EPS Results
Actual EPS-$11.54
Consensus EPS-$2.60
Beat/MissMissed by -$8.94
One Year Ago EPS-$3.62
MX:OPTU Q2 2026 Revenue Results
Actual Revenue$34.87B
Expected Revenue$35.05B
Beat/MissMissed by -$186.64M
YoY Revenue Growth-5.75%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:OPTU Upcoming Earnings
Optimum Communications Inc Class A's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:OPTU Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of tangible operational progress—margin expansion, solid mobile and fiber growth, cost and productivity improvements, product repositioning (E-Tiers, convergence) and execution on corporate simplification—with persistent and material headwinds: mid-single-digit revenue decline, ongoing broadband and video subscriber losses, elevated churn in competitive markets, and very high leverage (≈8x) requiring a balance-sheet reset. Management emphasized disciplined execution and multi-quarter initiatives (AI, MarTech, network investments) to stabilize broadband and improve unit economics, but noted these will take time. Given the nearly equal weight of meaningful operational improvements and significant structural/financial challenges, the overall tone is cautiously constructive but realistic about remaining risks.Company Guidance
Total Revenue and Adjusted EBITDA
Total revenue of approximately $2.0 billion and adjusted EBITDA of $786 million; adjusted EBITDA declined 2.2% year-over-year but adjusted EBITDA margin expanded to 38.8% (up 140 bps).
Record Gross Margin
All-time high gross margin of 71.0%, up 180 basis points year-over-year, driven by concentration of revenue declines in lower-margin video and disciplined execution to improve product margins.
Broadband Trend Improvement
Broadband net losses improved sequentially to 40,000 and the company ended the quarter with ~4.0 million broadband subscribers; gross adds broadly stable year-over-year when including a bulk MDU conversion.
Mobile Growth and Convergence
Added ~50,000 mobile lines in Q2 (best second quarter to date); mobile lines reached 724,000 (approx. 33% year-over-year growth). Convergence penetration increased to ~9% and convergence ARPU grew 2.4% year-over-year to $79.80.
Fiber Momentum
Added 20,000 fiber customers in the quarter, bringing total fiber customers to 749,000 (up >13% year-over-year); fiber passings totaled ~3.2 million and the network offers up to 8 Gbps symmetrical in fiber areas.
Video Product Repositioning
New E-Tier video offerings now represent ~18% of the residential video base (up from 10% a year ago) and these newer packages show meaningfully lower churn than legacy offerings; Q2 was the best quarterly video subscriber performance in six years.
Operating Expense and Productivity Gains
Operating expense (ex. share-based comp) fell ~4% year-over-year in Q2 and ~5% YTD, sales acquisition costs down ~10%, and truck rolls/service calls collectively declined >20% year-over-year—reflecting improved productivity and AI/digital-enabled efficiencies.
Capital Allocation Discipline
Q2 capex of $320 million (≈16% capital intensity), down ~17% year-over-year; full-year capex guidance $1.2B–$1.5B with growth capital focused on fiber and Lightpath (Lightpath capex expected $200M–$300M annually).
Corporate Actions to Simplify and Strengthen
Completed divestiture of a noncore advertising agency (~$100M revenue in FY25, immaterial EBITDA impact), exited select low-density rural passings (~48,000), and repurchased 120 million Class A shares for $300M via a tender offer to advance balance-sheet efforts.
MX:OPTU Earnings History
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