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Array Digital Infrastructure Inc logo

Array Digital Infrastructure Inc

AD

NYSECommunication ServicesTelecommunications Services

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Regular session

$35.2466

−$0.4134 · -1.16%

Aug 24, 11:01 AM ET

AD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

87

Deep Value

Momentum

22

Weakening

Sentiment

60

Mixed

Risk resilience

40

Elevated Risk

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Company profile

Company website

Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
US
CEO
Anthony Carlson
Listed since
May 4, 1988
Employees
60

Market position

Day range

Current $35.2466

52-week range

Current $35.2466

Open
$35.48
Previous close
$35.66
Volume
17.56K
0.06× average
Average volume
285.18K
Average daily volume
Market cap
3.04B USD
Beta
0.25
Market reference 1
50-day average
$35.8674
-1.73% below average
200-day average
$46.239
-23.77% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
3.91×
P/B (TTM)
2.41×
P/S (TTM)
14.23×
Dividend yield
125.54%

Profitability & efficiency

Gross margin
41.10%
Operating margin
190.98%
Net margin
364.38%

Financial health

Debt / equity
0.95×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends199%116%32%-51%Gross margin, FY2021: 53.71%Gross margin, FY2022: 52.72%Gross margin, FY2023: 55.76%Gross margin, FY2024: 56.76%Gross margin, FY2025: 21.61%Operating margin, FY2021: 4.12%Operating margin, FY2022: 1.66%Operating margin, FY2023: 3.56%Operating margin, FY2024: -0.32%Operating margin, FY2025: -30.21%Net margin, FY2021: 3.76%Net margin, FY2022: 0.72%Net margin, FY2023: 1.38%Net margin, FY2024: -1.03%Net margin, FY2025: 178.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.71%. Gross margin FY2022 52.72%. Gross margin FY2023 55.76%. Gross margin FY2024 56.76%. Gross margin FY2025 21.61%. Operating margin FY2021 4.12%. Operating margin FY2022 1.66%. Operating margin FY2023 3.56%. Operating margin FY2024 -0.32%. Operating margin FY2025 -30.21%. Net margin FY2021 3.76%. Net margin FY2022 0.72%. Net margin FY2023 1.38%. Net margin FY2024 -1.03%. Net margin FY2025 178.52%.

Income trends

Revenue

162.96M USD-95.68%

Operating income

−49.23M USD-310.25%

Net income

290.92M USD+329.92M USD
Income trends across reported periods4.59B USD2.9B USD1.22B USD−471.05M USDRevenue, FY2021: 4.12B USDRevenue, FY2022: 4.17B USDRevenue, FY2023: 3.91B USDRevenue, FY2024: 3.77B USDRevenue, FY2025: 162.96M USDOperating income, FY2021: 170M USDOperating income, FY2022: 69M USDOperating income, FY2023: 139M USDOperating income, FY2024: −12M USDOperating income, FY2025: −49.23M USDNet income, FY2021: 155M USDNet income, FY2022: 30M USDNet income, FY2023: 54M USDNet income, FY2024: −39M USDNet income, FY2025: 290.92M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.12B USD. Revenue FY2022 4.17B USD. Revenue FY2023 3.91B USD. Revenue FY2024 3.77B USD. Revenue FY2025 162.96M USD. Operating income FY2021 170M USD. Operating income FY2022 69M USD. Operating income FY2023 139M USD. Operating income FY2024 −12M USD. Operating income FY2025 −49.23M USD. Net income FY2021 155M USD. Net income FY2022 30M USD. Net income FY2023 54M USD. Net income FY2024 −39M USD. Net income FY2025 290.92M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue162.96M USD3.77B USD3.91B USD4.17B USD4.12B USD
Cost of goods sold127.75M USD1.63B USD1.73B USD1.97B USD1.91B USD
Gross profit35.21M USD2.14B USD2.18B USD2.2B USD2.21B USD
Selling, general, and administrative84.44M USD1.33B USD1.37B USD1.41B USD1.35B USD
Operating expenses84.44M USD2.15B USD2.04B USD2.13B USD2.04B USD
Interest income18.92M USD12M USD10M USD8M USD6M USD
Interest expense28.22M USD183M USD196M USD163M USD175M USD
Depreciation and amortization48.26M USD665M USD656M USD700M USD678M USD
Operating income−49.23M USD−12M USD139M USD69M USD170M USD
Net income290.92M USD−39M USD54M USD30M USD155M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$52.00

47.53% upside
Past 12 months12-month forecastHigh $52.00Average $52.00Low $52.00

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ETFs holding AD

Funds reporting this stock among their holdings, ordered by reported position size.

Schwab Fundamental International Large Company Index ETF logoSchwab Fundamental International Large Company Index ETFFNDF
Market value
75.83M
Weight
0.29%
AUM
26.15B USD
Expense ratio
0.25%
Price / 1D
$55.57-0.48%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
74.23M
Weight
0.11%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.27-0.65%
State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
38.81M
Weight
0.09%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$51.725-0.57%
Schwab International Dividend Equity ETF logoSchwab International Dividend Equity ETFSCHY
Market value
37M
Weight
1.44%
AUM
2.57B USD
Expense ratio
0.08%
Price / 1D
$33.615-0.01%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
17.92M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.02-0.32%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
12.8M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$303.06-0.56%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
8.98M
Weight
0.06%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.585-0.12%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
8.15M
Weight
0.01%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$248.77-0.16%

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