Anterix 2026 Q2 Earnings 519.4% Net Income Surge Amid Strategic Turnaround

Anterix (ATEX) delivered a dramatic turnaround in its fiscal 2026 Q2 earnings, reporting a net income of $53.54 million—a 519.4% increase from a $12.77 million loss in the prior-year period. The results far exceeded expectations, with EPS of $2.86 compared to an estimated loss of $0.56. The company also announced a $60 million gain from broadband license exchanges and a strategic partnership to expand utility network solutions.

Revenue

Spectrum revenue led the way with $1.55 million, driven by contributions from Ameren Corporation ($206,000), Evergy ($385,000), and Xcel Energy ($884,000), with TECO adding $77,000. Total revenue remained flat year-over-year at $1.55 million, slightly surpassing the $1.57 million consensus estimate.

Earnings/Net Income

Anterix returned to profitability with EPS of $2.86, reversing a $0.69 loss in 2025 Q2. Net income surged to $53.54 million, a 519.4% swing from a $12.77 million loss. The EPS of $2.86 marks a significant turnaround, indicating strong financial performance.

Price Action

The stock edged up 1.38% in the latest trading day but fell 2.45% over the week and 12.20% month-to-date. Despite a $3.46 earnings surprise, shares closed at $18.38, down 45.33% year-to-date.

Post-Earnings Price Action Review

The strategy of buying Anterix when revenue beats and holding for 30 days shows promise. Anterix’s Q2 EPS of $2.86, a +345.45% surprise, highlights robust performance. Despite this, the stock’s decline over the past year suggests undervaluation. The launch of TowerX with Crown Castle and a $1.54 current ratio signal growth potential and financial stability. Anterix’s consistent EPS outperformance in the last four quarters underscores operational efficiency.

CEO Commentary

CEO Scott Lang highlighted $29 million in contracted proceeds and a $60 million license gain, emphasizing TowerX and CatalyX as key drivers for a $1 billion addressable market. The company’s $39.1 million cash balance and $226.7 million share repurchase program reflect confidence in long-term growth and shareholder value.

Guidance

Anterix expects $19 million in customer proceeds to accelerate into 2026, with over $60 million anticipated by year-end. It targets $1 billion in annual revenue from TowerX and CatalyX, while advancing a $3 billion contract pipeline. Risks include payment timing and spectrum clearing delays.

Additional News

Anterix’s partnership with Crown Castle to launch Anterix TowerX aims to streamline private LTE network deployments for utilities, leveraging Crown Castle’s 40,000+ tower sites. This collaboration standardizes processes, reduces costs, and accelerates grid modernization. CEO Scott Lang emphasized TowerX’s role in providing resilient infrastructure for utilities. The company also announced a $226.7 million remaining share repurchase program, underscoring capital efficiency. Additionally, Anterix’s $39.1 million cash reserves and $1.54 current ratio highlight financial flexibility.

The company’s strategic focus on utility networks, bolstered by its 900 MHz spectrum assets, positions it to capitalize on grid modernization demand. TowerX’s integration into the Anterix Active Ecosystem, now involving 125+ partners, aims to enhance interoperability and scale.