Q1 2026 Uniti Group Inc (Delaware) Earnings Call Transcript
Key Points
- Uniti Group Inc (UNIT) reported a strong start to 2026 with significant growth in fiber revenue, including a 15% year-over-year increase in total fiber revenue.
- The company achieved its third-highest quarter of bookings ever at Fiber Infrastructure, indicating strong demand and execution.
- Kinetic had its strongest quarter ever of gross adds and the highest number of homes constructed in nearly four years, demonstrating robust growth in consumer fiber.
- Uniti Group Inc (UNIT) is strategically positioned to benefit from the AI revolution, with its fiber network located in markets with power and land availability.
- The company is successfully managing churn, with Kinetic reporting the best quarter of consumer fiber churn ever, reflecting improved customer retention efforts.
- Despite strong quarterly performance, Uniti Group Inc (UNIT) did not raise its full-year guidance, citing potential variability in large deal timing.
- The company faces competitive pressures in its copper markets from fixed wireless access (FWA) and low Earth orbit (LEO) satellite providers, impacting churn.
- Uniti Solutions, a non-core segment, continues to experience revenue and EBITDA declines at a mid-teens pace year-over-year.
- The company is experiencing some higher costs in customer CPE and conduit pricing, although these have been factored into their guidance.
- Uniti Group Inc (UNIT) acknowledges that the timing of large hyperscaler deals can be unpredictable, potentially affecting quarterly results.
Good morning and welcome to today's conference call to discuss the first quarter 2026 Uniti Group earnings conference call. My name is Michelle, and I'll be your operator for today. Today's call is being recorded, and a webcast will be available on the company's investor relations website, investor.uniti.com, beginning today and will remain available for 365 days. (Operator Instructions)
It is now my pleasure to introduce Bill DiTullio, Uniti Senior Vice President of Investor Relations and Treasury. Please begin.
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Thanks, Michelle. Good morning, everyone, and thank you for joining today's conference call to discuss Uniti's first-quarter 2026 results. Speaking on the call today will be Kenny Gunderman, our CEO; and Paul Bullington, Uniti's CFO. John Harrobin, President of Kinetic, will also be joining us this morning during Q&A.
Before we get started, I would like to quickly cover our safe harbor statements. Please note
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