UNIT · Uniti Group Inc.

Uniti Group Inc. delivered first quarter 2026 results showing consolidated revenue of $987.5 million, up significantly from $293.9 million in Q1 2025, marking the first year-over-year growth as a combined entity post-Windstream integration. Adjusted EBITDA reached $441.6 million with 45% margins, driven by strong segment performance. Kinetic, the consumer-facing business, generated $548.0 million in revenue and $235.5 million contribution margin at 43%, with record consumer fiber gross adds of ~39,000 and best-ever fiber churn. Fiber Infrastructure contributed $294.8 million revenue and $192.7 million margin at 65%, fueled by 15% consolidated fiber revenue growth, 13% in infrastructure, 26% in Kinetic consumer fiber, and $1.6 million new bookings monthly recurring revenue—the third highest quarter on record. Uniti Solutions added $191.8 million revenue and $95.8 million margin at 50%. Despite a $70.3 million net loss (diluted EPS -$0.34), CEO Kenny Gunderman highlighted hyperscaler demand, fiber-to-the-home progress targeting 3.5 million homes by 2029, and a strengthened balance sheet with cash at $982.6 million versus $53.5 million at year-end. The company updated its full-year 2026 outlook to revenue $3,605-$3,655 million and Adjusted EBITDA $1,425-$1,475 million, reflecting business unit revisions and transaction costs, while excluding future deals. Operating cash flow was $260.9 million, supporting $349.2 million capex, with financing activities netting $1,099.4 million inflow amid debt proceeds of $2,070.1 million. This positions Uniti for potential capital market activity, including asset securitizations, as integration advances toward 2027 growth goals.