Stocks · Communication Services · Telecommunications Services
Array Digital Infrastructure Inc AD
$34.39 +0.64% Close, Oct 2, 2026 · NYSE · Market cap $2.97B
Weak trendLow risk
Next earnings report: Nov 6, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $213.5M, down 94.2% from a year earlier, slowing from -71.0% a quarter earlier.
- Operating margin widened to 191.0% from -0.6% a year earlier.
- At 3.8× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
PromtFinance scores
Each score is a percentile within the Communication Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 1%
- FCF growth (TTM, YoY)Bottom 6%
- Revenue growth, 3-year CAGRBottom 1%
- Revenue growth accelerationBottom 3%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 13%
- Gross marginBottom 31%
- Operating marginTop 1%
- Cash conversion (OCF / net income)Bottom 3%
- Accruals (lower is better)Bottom 1%
- Net debt / EBITDA (lower is better)Top 36%
- Interest coverTop 16%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 3%
- Free-cash-flow yieldBottom 11%
- EBITDA / enterprise valueTop 8%
- Sales / enterprise valueBottom 5%
- P/E vs own 5-year history (lower is better)Top 11%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 26%
- 6-month returnBottom 13%
- 1-year return vs S&P 500Bottom 27%
- Distance from 52-week highBottom 33%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 5%
- Consecutive EPS beatsTop 15%
- Share of analysts rating BuyTop 42%
- Upside to consensus price targetTop 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 5%
- Maximum drawdown, 3 yearsTop 49%
- Beta vs S&P 500 (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Top 36%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -71.0% | -94.2% | ↓ |
| Gross margin | 57.1% | 41.1% | ↓ |
| Operating margin | -0.6% | 191.0% | ↑ |
| FCF margin | 11.6% | -95.1% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -94.2% | -71.0% | ↓ | Bottom 1% |
| Gross margin | 41.1% | 57.1% | ↓ | Bottom 31% |
| Operating margin | 191.0% | -0.6% | ↑ | Top 1% |
| Net margin | 364.4% | -0.7% | ↑ | — |
| Free-cash-flow margin | -95.1% | 11.6% | ↓ | — |
| Return on invested capital | 14.1% | — | Top 13% | |
| Revenue growth, 3-year CAGR | -66.1% | — | Bottom 1% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -0.39×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 32.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -3.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.88×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 10.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 128.93%
- Net buyback yield (TTM)
- 0.06%
- Shareholder yield
- 128.99%
- Share count change, 1 year
- -1.7%
- Share count change, 3-year CAGR
- +0.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $52.00
- Target vs current price
- +51.2%
- Analysts with a rating
- 5
- Share rating Buy or Strong Buy
- 60%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 7, 2026 | +912.9% | -1.2% | +0.1% | +8.6% | — |
| May 8, 2026 | +127.8% | +13.1% | +3.3% | +2.3% | -28.1% |
| Feb 20, 2026 | +50.0% | -2.1% | -4.6% | -7.1% | -0.6% |
| Nov 7, 2025 | +288.0% | -2.8% | -4.9% | +5.1% | +4.0% |
| Aug 11, 2025 | +9.1% | +3.7% | +1.0% | -30.9% | -33.2% |
| May 2, 2025 | -43.2% | -8.4% | -8.8% | -10.0% | +4.0% |
| Feb 21, 2025 | +300.0% | -2.4% | -3.0% | -0.1% | -7.8% |
| Nov 1, 2024 | -866.7% | -6.8% | +4.7% | +2.9% | +2.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 7, 2026 | $4.15 | $0.41 | +912.9% | $54.1M |
| May 8, 2026 | $2.08 | $0.91 | +127.8% | $52.0M |
| Feb 20, 2026 | $0.48 | $0.32 | +50.0% | $60.3M |
| Nov 7, 2025 | $0.97 | $0.25 | +288.0% | $47.1M |
| Aug 11, 2025 | $0.36 | $0.33 | +9.1% | $916.0M |
| May 2, 2025 | $0.21 | $0.37 | -43.2% | $891.0M |
| Feb 21, 2025 | $0.05 | -$0.03 | +300.0% | $970.0M |
| Nov 1, 2024 | -$0.92 | $0.12 | -866.7% | $922.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 3.8× | 19.3× | 0th | Top 3% |
| P/E (forward) | 5.1× | — | — | — |
| EV / EBITDA | 4.2× | — | — | Top 8% |
| EV / Sales | 17.55× | — | — | Bottom 5% |
| Free-cash-flow yield | -6.84% | — | — | Bottom 11% |
| Earnings yield | 26.14% | — | — | Top 3% |
P/E over the past five years
Range 3.9× – 275.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.1%
- 200-day average slope (20 days)
- -2.6%
- Distance from 50-day average
- -4.0%
- Distance from 200-day average
- -22.9%
- RSI (14)
- 37.7
- Relative volume
- 0.61×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.3%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.66
- Correlation with S&P 500
- 0.25
- Current drawdown from 1-year high
- -42.9%
- Maximum drawdown, 3 years
- -56.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 11, 2021 | Jun 1, 2023 | -64.2% | 496 days | 50 days (Aug 14, 2023) |
| Aug 11, 2025 | Sep 28, 2026 | -56.6% | 284 days | Not yet recovered |
| Dec 1, 2023 | Feb 23, 2024 | -32.0% | 56 days | 65 days (May 28, 2024) |
| Jun 4, 2024 | Aug 5, 2024 | -17.4% | 42 days | 51 days (Oct 16, 2024) |
| Mar 27, 2025 | May 5, 2025 | -16.6% | 26 days | 46 days (Jul 11, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.97B
- P/E (TTM)
- 3.8
- EPS, diluted (TTM)
- $8.99
- Revenue (TTM)
- $213.5M
- Dividend yield
- 61.79%
- 52-week range
- $33.12 – $60.82
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $4.12B | $4.17B | $3.91B | $3.77B | $163.0M |
| Gross profit | $2.21B | $2.20B | $2.18B | $2.14B | $35.2M |
| Operating income | $170.0M | $69.0M | $139.0M | -$12.0M | -$49.2M |
| Net income | $155.0M | $30.0M | $54.0M | -$39.0M | $290.9M |
| EPS (diluted) | $1.77 | $0.35 | $0.63 | -$0.46 | $3.33 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $922.0M | $971.0M | $891.0M | $916.0M | $47.1M | $60.3M | $52.0M | $54.1M |
| Net income | -$79.0M | $5.0M | $18.0M | $31.0M | $200.8M | $40.4M | $178.2M | $358.7M |
| EPS (diluted) | -$0.92 | $0.06 | $0.21 | $0.35 | $2.31 | $0.47 | $2.06 | $4.15 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $802.0M | $832.0M | $866.0M | $883.0M | $200.8M |
| Capital expenditure | -$2.05B | -$1.19B | -$738.0M | -$557.0M | -$27.2M |
| Free cash flow | -$1.24B | -$355.0M | $128.0M | $326.0M | $173.6M |
| Dividends paid | $0 | $0 | $0 | $0 | -$1.99B |
| Net share buybacks | -$31.0M | -$43.0M | -$6.0M | -$54.0M | -$21.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $416.4M
- Total assets
- $3.37B
- Total liabilities
- $2.10B
- Total debt
- $1.20B
- Net debt
- $781.1M
- Shareholders’ equity
- $1.27B
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Jun 11, 2026 | $11.00 | Jun 25, 2026 |
| Jan 23, 2026 | $10.25 | Feb 2, 2026 |
| Aug 20, 2025 | $23.00 | — |
Short interest
- Shares sold short
- 1,279,643
- Days to cover
- 4.94
- Change vs previous report
- -18.0%
FINRA short interest, settlement date Sep 15, 2026.