Filing Flows › Array Digital Infrastructure (AD) › Q1 2026
Array Digital Infrastructure (AD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Array Digital Infrastructure (AD) reported revenue of $52.0M for the first quarter 2026 (Q1 2026), +93% from a year earlier and -14% from the quarter before. Operating margin was 309.1%, net earnings $178M (341.8% of revenue).
Array Digital Infrastructure, Q1 2026: revenue $52.0M (+93% year over year), operating margin 309.1%, net earnings $178M, operating cash flow $23.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.0M | -14% | +93% |
| Operating profit | $161M | 19× | — |
| Net earnings | $178M | +374% | +874% |
| Operating cash flow | $23.8M | — | -85% |
| Free cash flow | $10.0M | — | -93% |
What changed
Revenue was $52.0M in Q1 2026, up 93% year over year and down 14% from the previous quarter. Equipment sales was the largest line at 98% of revenue. Equipment sales added $24.4M year over year (up 92%), 98% of the total change.
Operating profit was $160.8M, a 309.1% margin (up 418.9 points year over year). Net earnings were $177.8M, up 874% year over year. The effective tax rate was 22.7%. Non-operating items added $69.6M, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $23.8M (down 85% year over year), 13% of net earnings. Non-cash charges added back $12.6M of depreciation and amortization and $227K of share-based compensation. Working capital and other items used $167.0M. Capital expenditures of $13.8M left free cash flow of $10.0M.
Questions
What was Array Digital Infrastructure's revenue in the first quarter 2026?
Array Digital Infrastructure (AD) reported revenue of $52.0M for the first quarter 2026 (Q1 2026), +93% from a year earlier and -14% from the quarter before.
Was Array Digital Infrastructure profitable in the first quarter 2026?
Operating profit was $161M (309.1% of revenue) and net earnings $178M.