ATN International (ATNI) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue increased to $182.2 million, up 1.6–2% year-over-year, driven by growth in carrier, mobility, and ancillary services across both U.S. and international segments.

• Operating income rose to $11.7 million, up $9 million year-over-year, reflecting cost discipline and improved margins.

• Adjusted EBITDA grew 10% year-over-year to $49 million, with margin expanding to 26.7%.

• Net loss attributable to stockholders narrowed to $(2.8)–$(3) million, or $(0.29) per share, from $(8.9) million, or $(0.69) per share, in Q1 2025.

• High-speed broadband homes passed increased 24% to 523,300, and broadband subscribers grew 3% to 142,500.

Financial highlights

• Carrier services revenue rose 8.9–9.2% year-over-year, while fixed revenue was flat due to subsidy loss.

• Ancillary services revenue increased 18% internationally.

• Net cash from operating activities was $29.8 million; capital expenditures were $21 million for the quarter.

• Cash and equivalents at quarter-end totaled $123–$123.5 million; total debt was $570–$570.2 million.

• Dividend per share increased to $0.275 from $0.24 year-over-year.

Outlook and guidance

• Full-year 2026 Adjusted EBITDA expected at $190–$200 million, excluding the US tower portfolio sale.

• Initial closing of the US tower portfolio sale expected in Q2 2026, with gross proceeds of $250–$297 million; subsequent closings to add $27–$47 million over the next 12 months.

• Adjusted EBITDA outlook to be reduced by $6–$8 million post-sale.

• Capital expenditures for 2026 projected at $105–$150 million (net of reimbursable expenditures).

• BEAD program revenues not expected to impact 2026; monetization anticipated in future years.