Anterix Q1 net income beats analyst expectations

Overview

• Anterix fiscal Q1 net income $25.18 mln, beats analyst expectations, per LSEG data

• EPS for fiscal Q1 was $1.35, beating analyst expectations, per LSEG data

• Co recorded gains from exchange and sale of broadband licenses

Outlook

• Company expects $70 mln in contracted proceeds for remainder of fiscal 2026

• Anterix advancing $3 bln pipeline of prospective contract opportunities

• Company sees growth in customer engagement initiatives

• Anterix focuses on monetizing spectrum assets to utility customers

Result Drivers

• BROADBAND LICENSE GAINS - Anterix recorded a $33.9 mln gain from exchanging narrowband for broadband licenses in 62 counties

• LICENSE SALES - Delivered broadband licenses covering 27 counties, resulting in a $1.0 mln gain

• SPECTRUM CLEARING - Invested $4.0 mln in spectrum clearing costs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for Anterix Inc is $72.00, about 70.9% above its August 11 closing price of $20.96

Press Release: ID:nGNX9nF22w