Revenue: As of FY2026 Q2, the actual value is USD 2.024 B, missing the estimate of USD 2.036 B.

EPS: As of FY2026 Q2, the actual value is USD -0.67, missing the estimate of USD -0.1483.

EBIT: As of FY2026 Q2, the actual value is USD 166.05 M.

Revenue

Total revenue for Optimum Communications, Inc. was $2.02 billion in Q2 2026, marking a -5.8% year-over-year decrease. Residential revenue was $1.54 billion, a -6.7% year-over-year decrease. Residential average revenue per user (ARPU) decreased by -1.1% year-over-year to $132.22. Convergence ARPU saw a +2.4% year-over-year increase, reaching $79.80. Residential mobile service revenue grew 40% year-over-year to $53 million in Q2 2026, up from $38 million in Q2 2025.

Profitability

Optimum Communications, Inc. reported a net loss attributable to stockholders of -$291.8 million (-$0.67 per share on a diluted basis) in Q2 2026, compared to -$96.3 million (-$0.21 per share on a diluted basis) in Q2 2025. The net loss margin attributable to stockholders was -14.4% in Q2 2026. Adjusted EBITDA was $785.7 million, representing a -2.2% year-over-year decrease, with a margin of 38.8% in Q2 2026. Gross margin expanded by 180 basis points year-over-year to 71.0% in Q2 2026. Adjusted EBITDA margin expanded by 140 basis points year-over-year to 38.8% in Q2 2026. Video gross margin expanded by approximately 1,000 basis points over the last three years compared to Q2 2023.

Operating Costs

Operating Expense (excluding share-based compensation) improved by -5% year-to-date Q2 2026.

Cash Flow

Net cash flows from operating activities were $228.1 million in Q2 2026, a -44.6% year-over-year decrease. Cash capital expenditures were $320.0 million, a -16.6% year-over-year decrease, resulting in a capital intensity of 15.8% in Q2 2026. Free Cash Flow was -$91.9 million in Q2 2026, compared to $28.4 million in Q2 2025.

Operational Metrics

Total broadband primary service units (PSUs) recorded net losses of -40k in Q2 2026, compared to -35k in Q2 2025, with total broadband subscribers ending at 4.0 million. Mobile line net additions were +50k in Q2 2026, bringing total mobile lines to 724k. Total mobile penetration of the broadband base reached 8.9% at the end of Q2 2026, up from 6.9% in Q2 2025. Higher-speed tier adoption saw 53% of residential broadband customers taking 1 Gig or higher speeds at the end of Q2 2026, an increase from 38% in Q2 2025. Newer tiered video packages achieved 18% penetration of the residential video base at the end of Q2 2026, up from 10% in Q2 2025. Total new passings added were +68k in Q2 2026 and +223k in the last twelve months (LTM). Approximately 97% of the total footprint had 1 Gig or higher speeds available at the end of Q2 2026. Total Passings reached 10,114.1 thousand in Q2 2026, with 68.2 thousand additions. Total Unique Customer Relationships were 4,218.0 thousand in Q2 2026, with net losses of -46.1 thousand. Residential customer relationships were 3,855.6 thousand, with net losses of -41.4 thousand. SMB customer relationships were 362.5 thousand, with net losses of -4.7 thousand. Residential broadband PSUs were 3,714.3 thousand, with net losses of -35.3 thousand. Residential video PSUs were 1,526.6 thousand, with net losses of -44.1 thousand. Residential telephony PSUs were 951.3 thousand, with net losses of -43.5 thousand. SMB broadband PSUs were 335.4 thousand, with net losses of -4.3 thousand. SMB video PSUs were 68.7 thousand, with net losses of -1.8 thousand. SMB telephony PSUs were 175.0 thousand, with net losses of -4.2 thousand. FTTH Total Passings reached 3,155.8 thousand in Q2 2026, with 34.1 thousand additions. FTTH Residential customer relationships were 725.2 thousand, with +18.5 thousand net additions. FTTH SMB customer relationships were 23.7 thousand, with +1.3 thousand net additions. FTTH Total Customer Relationships were 748.9 thousand, with +19.8 thousand net additions.

Unique Financial Indicators

Consolidated net debt for Optimum Communications, Inc. was $25,333 million, representing consolidated net leverage of 8.0x L2QA. The weighted average cost of debt was 6.8%, and the weighted average life of debt was 2.8 years. As of June 30, 2026, Optimum Communications, Inc. had 392,560,390 combined shares of Class A and Class B common stock outstanding. CSC Investments II LLC, a subsidiary of Optimum Communications, Inc., completed a private placement of Series A Preferred Units for $300 million on May 29, 2026, using proceeds for general corporate purposes including financing a tender offer and related expenses. A private exchange transaction on May 29, 2026, involved CSC Investments II LLC issuing $212.5 million in additional Preferred Units in exchange for Optimum Communications, Inc. Class A and Class B common stock. In July 2026, CSC Investments II LLC completed a tender offer to purchase 120 million shares of Class A common stock from unaffiliated stockholders at $2.50 per share, totaling $300 million.

Outlook/Guidance

Optimum Communications, Inc. aims to drive margin expansion, improve broadband trends through simplified products and pricing, and deepen customer relationships via convergence. The company is focused on maintaining financial discipline, optimizing costs, and investing in fiber expansion and network upgrades for long-term value creation. These efforts are expected to support stronger broadband performance and overall financial health.