Uniti Group Inc. Earnings Recaps
Q1 2026
May 13, 2026
Shares declined modestly by 0.5% following Uniti's Q1 2026 earnings as investors weighed solid fiber revenue growth against cautiousness around the high investment spend and incremental operational challenges at Kinetic.
Key takeaways
- Total fiber revenue increased 15% year-over-year, driven by 13% growth at Fiber Infrastructure and strong consumer fiber additions at Kinetic.
- Kinetic reported the highest gross adds and homes constructed in nearly four years, alongside its best-ever consumer fiber churn rate, reflecting progress on customer retention.
- The company continued ramping its fiber-to-the-home build, reaching 45,000 new homes in both March and April, targeting 450,000 to 500,000 new homes in 2026.
- Hyperscaler demand remained robust, with bookings at Fiber Infrastructure near all-time highs and lease-up yields at 35%.
- Management highlighted 2026 as a critical investment year aimed at long-term growth, but elevated spending suggests margin pressures and cautious outlook may temper near-term returns.
Q3 2025
Nov 6, 2025
Uniti's Q3 2025 earnings reflect a successful merger with Windstream, leading to robust fiber revenue growth and strategic advancements poised for sustained market share expansion.
Key takeaways
- Achieved a 13% increase in fiber revenue, marking the highest number of fiber gross adds ever.
- The company has onboarded 115 active third-party crews, with plans to scale to 400 by Q2 2026, enhancing fiber build capacity.
- Anticipating that by the end of 2025, Kinetic's fiber revenue will surpass its legacy DSL revenue for the first time.
- Established a strong foothold in the wholesale fiber market with significant bookings from hyperscalers, driving blended cash yields to 34%.
- The total addressable market for AI and hyperscalers has been revised upward by 50%, indicating substantial growth opportunities ahead.