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Uniti Group (UNIT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 30, 2026 · Uniti Group (UNIT) Q2 2026 earnings results →
Q2 2026 Revenue up 202% year over year to $910M · 17¢ of every $1 of revenue lost · operating margin 3.5%
Uniti Group made $910M in Q2 2026 (+202% Y/Y): Total revenues and sales accounted for under ASC 606 $774M, Fiber subscriber $135M, Switched access $3.0M. Operating margin 3.5%, net loss $156M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 30, 2026.
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What changed this quarter
Revenue was $909.7M in Q2 2026, up 203% year over year and down 8% from the previous quarter. Service revenues was the largest line at 81% of revenue. Service revenues added $676.7M year over year (up 1171%), 111% of the total change.
Operating profit was $32.2M, a 3.5% margin (down 44.7 points year over year). Operating profit fell $112.8M even though revenue rose $609.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 464% against revenue growth of 203%. The fastest-growing cost line was SG&A (+539%). The quarter ended with a net loss of $155.9M, wider than the previous quarter's $70.3M loss. Net interest and other expense of $187.8M was the main reason.
Operating cash flow was $78.5M (down 55% year over year). Non-cash charges added back $305.9M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $79.0M. Capital expenditures of $450.0M exceeded it, leaving free cash flow of −$371.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 30, 2026 | $910M | +202% | 3.5% | −$156M | $78.5M |
| Q1 2026 | 10-Q | May 11, 2026 | $988M | +236% | 11.2% | −$70.3M | $261M |
| Q4 2025 | 10-K | Mar 2, 2026 | $917M | +213% | 1.5% | −$306M | $120M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $723M | +147% | -5.9% | $1.6B | $46.2M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $301M | — | 48.2% | −$10.7M | $175M |
| Q1 2025 | 10-Q | May 9, 2025 | $294M | — | 49.6% | $12.2M | $8.6M |
| Q4 2024 | 10-K | Mar 24, 2025 | $293M | — | 50.3% | $21.6M | $186M |
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Uniti Group
Uniti Group Inc. (herein referred to as the “Company,” “Uniti,” “we,” “us,” or “our”) was incorporated in the State of Delaware on April 19, 2024, under the name “Windstream Parent, Inc” and as a subsidiary of New Windstream, LLC (“Windstream”) (as successor to Windstream Holdings II, LLC) in connection with the Merger (as defined below). Uniti is a premier digital infrastructure company with approximately 240,000 fiber route miles across 47 states. The Company serves more than 1.0 million customers, including more than 500,000 residential fiber customers, with a network that includes approximately 1.9 million fiber-equipped households predominately situated in the Midwest and Southeast United States of America (“U.S.”).
In its own words, from its 10-K, filed Mar 2, 2026.
Uniti Group against its Telephone Communications (No Radiotelephone) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +202% against the peers' median +5%. Operating margin: 3.5% against the peers' median 3.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UNIT Uniti Group | Q2 2026 | $910M | +202% | 3.5% |
| VZ Verizon Communications | Q3 2026 | $34.3B | +2% | 25.2% |
| T AT&T | Q3 2026 | $32.3B | +5% | 12.7% |
| LUMN Lumen Technologies | Q3 2026 | $2.7B | -12% | -6.2% |
| IDT IDT | Q4 FY26 | $339M | +7% | 9.8% |
| TDS Telephone & Data Systems | Q3 2026 | $307M | -0.6% | -9.8% |
| ATNI ATN International | Q3 2026 | $183M | 0% | 7.1% |
| IQST iQSTEL | Q2 2026 | $109M | +51% | -1.0% |
| SHEN Shenandoah Telecommunications | Q3 2026 | $93.9M | +5% | -2.1% |
Source: Uniti Group 10-Q on SEC EDGAR · CIK 2020795 · Telephone Communications (No Radiotelephone)
13F: who owns UNIT and who is buying
More on UNIT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results