Reading the tape
NYSE: AD
Array Digital Infrastructure, Inc.
Communication Services · Telecommunications Services
Market Cap
$4.27B
52w High
$79.17
52w Low
$44.03
P/E
14.80
Volume
105.89K
Outstanding Shares
85.90M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -27.63%Revenue (TTM): -49.22%FCF (TTM): -49.66%P/FCF: 69th pct
What changed
The stock fell 27.63% over the last year. Revenue declined 49.22% over the trailing twelve months. Operating margin moved from -0.32% to 4.15%. Free cash flow declined 49.66% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 4.15%. Revenue declined 49.22% — this read reverses if that trend stabilizes. Free cash flow fell 49.66% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Array Digital Infrastructure, Inc. provides wireless telecommunications services in the United States.
CEOAnthony J. Carlson
SectorCommunication Services
IndustryTelecommunications Services
Employees4,100
IPO dateAug 23, 2007
Valuation
Forward P/E—
EV/EBITDA-6,407.39
Enterprise value$6.2B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-93.79%
Gross margin57.48%▼61.93%vs FY2024
Operating margin4.15%▼9390.88%vs FY2024
ROE11.33%▲1429.72%vs FY2024
Analyst consensus
RatingBuy
Target price$53.50▲7.67%
5
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est $0.91 · Revenue est $54.33M
View
Dividends
$33.25/shareSemi-annualAt RiskAD pays a dividend with a 66.91% dividend yield, covered 0.1× by free cash flow.
Dividend Yield
66.91%
Annual Div / Share
$33.25
CAGR
—
Payout Ratio
—
At Risk
Dividend Growth Rate
Dividend Safety
0/10At Risk
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$669/yr
$56/mo
In 5 yrs
$669/yr
$56/mo
In 10 yrs
$669/yr
$56/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$669/yr $56/mo | $669/yr $56/mo | $669/yr $56/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.09× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.