Uniti Group Q3 revenue slightly misses analyst estimates; raises FY revenue forecast

Overview

• US fiber infrastructure provider's Q3 revenue was a slight miss versus analyst expectations

• Company's fiber revenue rose 6% yr/yr, Kinetic consumer fiber revenue up 22% yr/yr

• Company raised full-year revenue guidance on strong fiber bookings and enterprise demand

Outlook

• Uniti sees 2026 revenue between $3.67 bln and $3.70 bln

• Company expects 2026 net loss of $620 mln to $590 mln

• Uniti forecasts 2026 adj EBITDA of $1.46 bln to $1.49 bln

Result Drivers

• KINETIC CONSUMER FIBER - Record net additions and expansion of fiber footprint drove segment growth, per CEO Kenny Gunderman

• FIBER INFRASTRUCTURE BOOKINGS - Strong new bookings driven by demand from large enterprise and hyperscaler customers, per CEO Kenny Gunderman

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

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

• Wall Street's median 12-month price target for Uniti Group Inc (Delaware) is $11.38, about 117.9% above its November 6 closing price of $5.22

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)