Cable One

Q2 FY2026 EarningsQ2 FY26 results were significantly impacted by massive non-cash charges, leading to a GAAP EPS loss of -$204.35, far missing the $5.09 mean consensus. Total revenue of $348.9M was essentially in-line with the $348.6M consensus, despite a 8.4% YoY decline driven by subscriber losses in residential and business data. The bottom line was decimated by $597.7M in asset impairments and a $444M fair value loss on the MBI option. Management confirmed the exercise of the MBI Put Option with a closing expected by October 2026, creating significant near-term financing requirements.