Anterix

Q4 FY2026 EarningsFY26 revenue reached $6.5M, up 8% YoY, driven by milestone deliveries to TECO, Xcel Energy, and Ameren. The company successfully transitioned to a broader operating model, resulting in $90.6M net income (up 897% YoY) fueled by non-monetary gains of $105.4M from spectrum exchanges and $34.8M from spectrum sales. Operating expenses fell 10% YoY to $52.7M due to lower G&A costs, while cash reserves closed at $98.5M to support ongoing $226.7M share repurchase authorization.