Anterix 2026 Q1 Earnings Remarkable Turnaround as Net Income Surges 262.2%

Anterix (ATEX) reported mixed results for fiscal 2026 Q1, marked by a notable shift from a loss to profitability. Despite a revenue decline, the company returned to the black with record net income. Anterix also signaled continued momentum in spectrum clearing and contract execution, underpinning its long-term strategic ambitions.

Anterix reported total revenue of $1.42 million in fiscal 2026 Q1, reflecting a 7.0% decline compared to $1.52 million in the same period last year. The entirety of this revenue came from spectrum-related activities, with key contributors including Xcel Energy, which accounted for $801,000, followed by Ameren Corporation ($206,000), Evergy ($385,000), and TECO ($26,000). The decline in revenue suggests some volatility in client contributions during the quarter.

Anterix turned a net loss of $15.52 million in 2025 Q1 into a net income of $25.18 million in 2026 Q1, marking a 262.2% positive swing. Earnings per share surged from a loss of $0.84 to a profit of $1.35, demonstrating a dramatic reversal of fortune. The performance marked a record high for Q1 net income in the past 12 years, highlighting a strong operational turnaround.

The stock price of Anterix has climbed 3.75% in the latest trading day and 2.33% during the most recent full trading week, but it has declined 6.49% month-to-date.

The strategy of buying ATEX when revenues beat expectations and holding for 30 days has shown poor performance. Over a longer period, the compound annual growth rate (CAGR) is negative at -17.12%, with a maximum drawdown of 38.62% and a Sharpe ratio of -0.89. These metrics indicate that while the earnings beat was positive, the investment strategy following such an event has historically carried significant risk and led to losses.

Anterix CEO highlighted the company’s strong business performance driven by contracted proceeds and strategic spectrum activity. The leadership emphasized the delivery of broadband licenses and the $33.9 million gain from license exchanges, along with progress in clearing 900 MHz spectrum. The company aims to leverage its unique position as the largest holder of 900 MHz spectrum in the U.S. to support utility modernization.

Anterix expects to receive approximately $70 million in contracted proceeds during the remainder of fiscal 2026, following more than $10 million received in Q1. The company remains focused on advancing its $3 billion pipeline of prospective contracts across 60+ customers.

Additional News
Among the top non-earnings related news stories in the three weeks around August 12, 2025, include the Nigerian Midstream and Downstream Petroleum Regulatory Authority reporting a significant drop in fuel consumption to 1.44 billion liters in June 2025. In Oyo State, cattle breeders threatened to halt livestock sales in protest against anti-grazing laws. Meanwhile, political developments included a peace accord signed by candidates in Kano State ahead of by-elections and the Nigerian Government naming KWAM 1 as an aviation security ambassador following a recent airport incident.