Anterix 2026 Q2 Earnings Record Net Income Surges 519.4%

Anterix delivered a dramatic turnaround in its fiscal 2026 Q2 results, surpassing expectations with a net income of $53.54 million and an EPS of $2.86. The company also raised guidance for customer proceeds and pipeline growth, signaling strong momentum ahead.

Revenue

Anterix’s total revenue remained flat at $1.55 million in 2026 Q2 compared to $1.55 million in the prior year. Spectrum revenue accounted for the entirety of this figure, with contributions from key clients including Ameren Corporation ($206,000), Evergy ($385,000), Xcel Energy ($884,000), and TECO ($77,000). The stable performance across segments reflects consistent demand for the company’s spectrum solutions.

Earnings/Net Income

The company’s earnings demonstrated a remarkable reversal, with a net income of $53.54 million in 2026 Q2—a 519.4% improvement from a $12.77 million loss in 2025 Q2. This turnaround, driven by gains from broadband license exchanges and operational efficiencies, underscores Anterix’s strategic execution and positions it for sustained profitability.

Post-Earnings Price Action Review

Despite the earnings beat, Anterix’s stock faced mixed post-announcement performance. Shares edged up 1.38% on the latest trading day but declined 2.45% during the week and 12.20% month-to-date, reflecting investor caution amid broader market volatility. The divergence between earnings strength and price action highlights ongoing uncertainty about the company’s long-term growth trajectory and execution risks.

CEO Commentary

Scott Lang, Anterix’s CEO, emphasized progress in leveraging $60 million in broadband license gains and advancing its $3 billion contract pipeline. With $39.1 million in cash and a $250 million share repurchase program, the CEO expressed confidence in the company’s ability to capitalize on its 900 MHz spectrum assets and expand its utility-focused solutions.

Guidance

Anterix expects to accelerate $19 million in fiscal 2026 customer proceeds and aims to exceed $60 million in total proceeds by year-end. The company also outlined plans to commercialize 900 MHz assets and execute on its $226.7 million share repurchase program. Forward-looking guidance remains subject to risks such as license timing and market competition.

Additional News

Anterix and Crown Castle launched TowerX, a turnkey tower service to streamline 900 MHz private LTE deployments for utilities. The partnership leverages Crown Castle’s 40,000+ tower sites and aims to reduce costs and delays for utility customers. Additionally, the company announced $1.0 million in share repurchases under its $250 million buyback program, with $226.7 million remaining. CEO Scott Lang and CFO Timothy Gray also made insider purchases, signaling confidence in the stock’s near-term outlook.

Key Financials

• Revenue: $1.55 million (flat Y/Y)

• Net Income: $53.54 million (vs. $-12.77M loss in 2025 Q2)

• EPS: $2.86 (vs. $-0.69 loss in 2025 Q2)

• Cash Balance: $39.1 million

• Share Repurchase Program: $226.7 million remaining