Array Digital Infrastructure/$AD
1D1W1MYTD1Y5YMAX
Capital at risk
About Array Digital Infrastructure
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
- Ticker
- $AD
- Sector
- Communication
- Primary listing
- NYSE
- Employees
- 60
- Headquarters
- Chicago, United States
- Website
- www.arrayinc.com
AD Metrics
BasicAdvanced
$3.2B
5.96
$6.19
0.29
$21.25
57.67%
Price and volume
Market cap
$3.2B
Beta
0.29
52-week high
$60.82
52-week low
$33.71
Average daily volume
217K
Dividend rate
$21.25
Financial strength
Current ratio
0.95
Quick ratio
0.941
Long term debt to equity
0.922
Total debt to equity
0.942
Dividend payout ratio (TTM)
342.99%
Interest coverage (TTM)
0.05%
Profitability
EBITDA (TTM)
53.068
Gross margin (TTM)
58.36%
Net profit margin (TTM)
250.79%
Operating margin (TTM)
0.83%
Effective tax rate (TTM)
16.15%
Revenue per employee (TTM)
$3,560,000
Management effectiveness
Return on assets (TTM)
0.02%
Return on equity (TTM)
22.68%
Valuation
Price to earnings (TTM)
5.957
Price to revenue (TTM)
14.911
Price to book
2.51
Price to tangible book (TTM)
-9.68
Price to free cash flow (TTM)
-9.416
Free cash flow yield (TTM)
-10.62%
Free cash flow per share (TTM)
-3.913
Dividend yield (TTM)
57.67%
Growth
Revenue change (TTM)
98.93%
Earnings per share change (TTM)
-2,228.24%
3-year revenue growth (CAGR)
-62.58%
10-year revenue growth (CAGR)
-25.43%
3-year earnings per share growth (CAGR)
179.11%
10-year earnings per share growth (CAGR)
18.22%
What the Analysts think about AD
Analyst ratings (Buy, Hold, Sell) for Array Digital Infrastructure stock.
Analyst projections of the future price of Array Digital Infrastructure stock.
Bulls say / Bears say
Array reported 95% year-over-year growth in site-rental revenue, consecutive quarter-over-quarter tower-tenancy growth, and raised its 2026 adjusted EBITDA guidance to $220 million-$235 million. (Array Q2 2026 results)
The company completed spectrum sales totaling approximately $1.16 billion in May and June 2026 and paid an $11-per-share special dividend, demonstrating substantial monetization value beyond the tower business. (Array Q2 2026 results)
Array owns more than 4,400 towers and had 4,362 colocations as of June 30, 2026, while its T-Mobile master lease includes a 2,015-site committed minimum that supports a recurring infrastructure-revenue base. (Array Q2 2026 results)
TDS withdrew its proposal to acquire Array’s publicly held shares on September 1, 2026 after failing to agree on consideration and value, removing a potential takeout catalyst and leaving minority holders exposed to continued parent-company control. (SEC filing)
Array stopped recognizing DISH Wireless lease revenue beginning in the first quarter of 2026, and DISH and related entities filed for bankruptcy in June 2026, creating tenant-concentration and collections risk for the tower portfolio. (Array Q2 2026 results)
Array has monetized virtually all spectrum outside C-band, so future value creation is increasingly dependent on tower tenancy and the uncertain timing and economics of remaining C-band sales rather than repeatable spectrum transactions. (TDS Q2 2026 results)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
AD Financial Performance
Revenues and expenses
AD Earnings Performance
Company profitability
Upcoming events
No upcoming events
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Funds containing AD
AllUSDEURGBP
Fund name | Fund size | $AD weighting |
|---|---|---|
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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