ATN International, Inc. (ATNI) Earnings
ATN International, Inc. is expected to report next earnings on November 4, 2026 (in NaN days), with a consensus EPS estimate of $0.19. ATNI has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +2256.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $0.12 | $10.77 | +8875.0% | $185M | +0.7% |
| May 7, 2026 | $0.12 | $-0.18 | -250.0% | $182M | -0.6% |
| Mar 5, 2026 | $0.03 | $0.03 | +0.0% | $184M | -0.0% |
| Nov 5, 2025 | $-0.06 | $0.18 | +400.0% | $183M | -0.2% |
| Aug 7, 2025 | $-0.07 | $-0.24 | -242.9% | $181M | -1.8% |
| Apr 30, 2025 | $-0.10 | $-0.57 | -470.0% | $179M | +0.3% |
| Mar 4, 2025 | $-0.24 | $0.28 | +216.7% | $181M | -0.1% |
| Jul 24, 2024 | $-0.26 | $0.50 | +292.3% | $183M | +0.0% |
| Feb 21, 2024 | $-0.11 | $-0.12 | -9.1% | $199M | +3.3% |
| Jul 26, 2023 | $-0.16 | $-0.03 | +81.3% | $186M | -4.9% |
| Feb 22, 2023 | $-0.04 | $-0.18 | -316.9% | $192M | +4.0% |
| Oct 26, 2022 | $-0.14 | $-0.25 | -78.6% | $182M | -0.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · August 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### New CEO Strategic Overview - Newly appointed CEO Naji Khoury completed his first three months at the company, having visited all core markets, met stakeholders, and assessed operations - Management highlights strong existing foundations: experienced leadership, capable operating teams, robust infrastructure assets, and long-standing customer relationships, with targeted opportunities to optimize operations going forward ### Capital Structure and Shareholder Returns - Completed the first closing of the U.S. Tower portfolio sale, generating $268 million in cash proceeds that significantly improved liquidity, financial flexibility, and strategic optionality - Entered an agreement to sell select U.S. Spectrum licenses for up to $41 million, with closing expected in 2027 - The board of directors expanded the company's share repurchase authorization to $30 million, reflecting confidence in the business outlook and commitment to disciplined capital allocation for shareholder value - Approved a 5.5% increase in the quarterly cash dividend to 29 cents per share - Post-transaction, net leverage improved to 0.91x from 2.36x at year-end 2025, with $332 million in total cash, cash equivalents, and restricted cash at quarter-end, and total debt reduced to $513 million ### International Segment Operational Progress - Bermuda signed a strategic partnership memorandum of understanding with Google to support access to Google's new subsea cables going live in H2 2027, and remains a stable, established core market - Guyana is seeing strong broadband demand driven by oil and gas-led economic expansion, with ongoing fiber deployment covering over 75% of households, fixed wireless for low-density/remote areas, and steady migration from prepaid to postpaid mobile subscribers - The Cayman Islands continues expanding fiber footprint, growing penetration, and gaining market share across consumer and enterprise segments, with recent high-impact enterprise client wins - The U.S. Virgin Islands is starting the process of upgrading its legacy HFC network to fiber, with management taking a disciplined approach to evaluating transition pace and economics ### U.S. Segment Operational Progress - The U.S. segment is split between two markets: Alaska and the Southwest (New Mexico and the Four Corners region), with a shared strategy of infrastructure modernization and migration from legacy networks to high-speed services - Alaska appointed a new regional CEO (starting September 2026), has a stable base of carrier and business revenue, and targets residential market growth via government-supported copper replacement and fiber expansion - The Southwest continues fiber expansion under existing government grants, focused on growing penetration and strengthening competitive positioning - The company is well-positioned to capitalize on approximately $150 million in upcoming BEAT government broadband funding available for its footprint in late 2026 and 2027, which will reduce the cost of serving rural communities and enable expansion to historically uneconomical areas
Guidance
• Management reaffirmed its full-year 2026 adjusted EBITDA guidance range of $190 million to $193 million, which incorporates the expected impact of the initial U.S. Tower portfolio sale closing • Full-year 2026 capital expenditures, net of reimbursable government spending, is reaffirmed to remain in the range of $105 million to $115 million • Subsequent closings of the remaining U.S. Tower portfolio sites are expected to occur over the next 10 months, with potential for up to an additional $30 million in total proceeds • The expected recurring net negative impact of the U.S. Tower portfolio sale on 2026 adjusted EBITDA (approximately $1 million per year remaining) is already incorporated into the full-year guidance
Segment performance
ATN International operates two core business segments: 1. International Segment: Q2 2026 total revenue was $96 million, representing a 1.4% year-over-year increase. Excluding the impact of expired U.S. Virgin Islands government support, revenue grew 3% year-over-year. Adjusted EBITDA increased 6.6% year-over-year to $35.5 million, with an adjusted EBITDA margin of 36.9% (expanded 180 basis points from the prior year). This segment contributed 52% of ATN's total Q2 2026 revenue. 2. U.S. Domestic Segment: Q2 2026 total revenue was $88 million, up just over 2% year-over-year. Excluding the impact of the US Tower portfolio sale and construction revenue declines, core revenue grew 4% year-over-year. Adjusted EBITDA increased 4.5% year-over-year to $19 million, with an adjusted EBITDA margin of 21.6% (expanded 50 basis points from the prior year). This segment contributed 48% of ATN's total Q2 2026 revenue. Total company Q2 2026 revenue was $184.5 million, up 2% year-over-year, with consolidated adjusted EBITDA of $49.7 million, up nearly 9% year-over-year, and a consolidated adjusted EBITDA margin of 27%.
Risks & headwinds
The earnings call disclosed no new unanticipated operational risks or failures beyond standard forward-looking statement disclosures noting that actual results could differ from management expectations due to existing uncertainties documented in the company's SEC filings.