AD (Array Digital Infrastructure) Operating Income: $42 Mil (TTM As of Mar. 2026)


AD Array Digital Infrastructure Inc AD
66 GF Score
Price $36.24
GF Value $63.87
Valuation Possible Value Trap
! 6 Warning Signs
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What is Array Digital Infrastructure Operating Income?

Array Digital Infrastructure AD -0.74% 66 Operating Income is $42 Mil as of Mar. 2026. GuruFocus rates AD with a GF Score™ of 66/100 and a GF Value™ of $63.87 (Possible Value Trap). The stock has 6 warning signs investors should review.

Array Digital Infrastructure's Operating Income for the three months ended in Mar. 2026 was $5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $42 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Array Digital Infrastructure's Operating Income for the three months ended in Mar. 2026 was $5 Mil. Array Digital Infrastructure's Revenue for the three months ended in Mar. 2026 was $52 Mil. Therefore, Array Digital Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 was 9.72%.

Array Digital Infrastructure's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Array Digital Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 was 0.37%. Array Digital Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 111.31%.


Array Digital Infrastructure  (NYSE:AD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Array Digital Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=20.216 * ( 1 - 22.54% )/( (4678.01 + 3792.079)/ 2 )
=15.6593136/4235.0445
=0.37 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3964.687 - 164.145 - ( 253.638 - max(0, 265.6 - 274.063+253.638))
=3792.079

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Array Digital Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=958.408/( ( (861.994 + max(-163.48, 0)) + (860.11 + max(-234.897, 0)) )/ 2 )
=958.408/( ( 861.994 + 860.11 )/ 2 )
=958.408/861.052
=111.31 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.42 + 0 + 9.731) - (55.279 + 85.945 + 39.407)
=-163.48

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.883 + 0 + 7.086) - (164.145 + 45.213 + 34.508)
=-234.897

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Array Digital Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5.054/52.012
=9.72 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Array Digital Infrastructure Operating Income Related Terms


Array Digital Infrastructure Operating Income Historical Data

* Premium members only.

The historical data trend for Array Digital Infrastructure's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Array Digital Infrastructure Operating Income Chart

Array Digital Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 191.00 90.00 -118.81 -119.83 -49.23

Array Digital Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -30.50 33.00 -6.25 9.72 5.05
AD
66GF Score
Array Digital Infrastructure Inc AD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Array Digital Infrastructure Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $42 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $42 Mil mean?
Array Digital Infrastructure (AD) has a Operating Income of $42 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Array Digital Infrastructure and its competitors.
Is Array Digital Infrastructure's Operating Income too high?
Array Digital Infrastructure's current Operating Income is $42 Mil. Overall, Array Digital Infrastructure has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Digital Infrastructure's Operating Income compare to KYIV and LBTYA?
Array Digital Infrastructure's Operating Income of $42 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Array Digital Infrastructure and its competitors. Array Digital Infrastructure's current Operating Income is $42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Digital Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Array Digital Infrastructure (AD) is currently considered Possible Value Trap. The stock's GF Value™ is $63.87, compared to a current price of $36.24 — trading 43.3% below its estimated fair value. The current Operating Income is $42 Mil. Array Digital Infrastructure's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Array Digital Infrastructure (AD), the current Operating Income is $42 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Array Digital Infrastructure (AD) Overvalued in 2026?

Based on GuruFocus' analysis, Array Digital Infrastructure stock appears to be undervalued. The current stock price of $36.24 is trading 43.3% below its estimated GF Value™ of $63.87. GuruFocus considers Array Digital Infrastructure to be Possible Value Trap.

Key valuation signals for AD:

  • Operating Income: $42 Mil
  • GF Value™: $63.87 vs. price of $36.24 (43.3% below fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Digital Infrastructure Business Description

Other Exchanges US7:Germany
Address 500 West Madison Street, Suite 810, Chicago, IL, USA, 60661
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
66GF Score

Get the complete analysis for AD

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.24
Price
$63.87
GF Value