Uniti (UNIT) Q1 2026 Earnings Call Transcript

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DATE

Monday, May 11, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — Kenneth Gunderman

• Chief Financial Officer — Paul Bullington

• President of Consumer & SMB — John Harrobin

Full Conference Call Transcript

Kenneth Gunderman: Thanks, Bill. Good morning, everyone, and convey you for joining. Uniti is disconnected to a large commencement successful 2026 and we're executing good connected our strategy arsenic the premier insurgent fibre provider. We person a terrific embedded fibre basal and are aggressively gathering much fibre to future-proof our network. We're continuously elevating our crippled from an operational excellence position and we're putting the lawsuit archetypal by being lawsuit obsessed. For galore years and continuing done today, we've been gathering fibre archetypal oregon aboriginal into Tier 2 and 3 markets and that strategy has proven successful.

We are consistently increasing accepted wholesale and endeavor fibre gross astatine 10% to 15% and present user fibre gross astatine implicit 20% with an insurgent stock taker mentality. Having fibre successful unsocial locations is besides advantageous from a long-haul wholesale position arsenic we've been selling little competitive, but progressively desired routes. Sometimes it's amended to beryllium fortunate than astute and our footprint happens to beryllium located successful oregon adjacent markets that person powerfulness and onshore availability, which is giving america an outsized accidental to physique for the AI revolution. Fiber is intelligibly viewed arsenic a mission-critical plus successful a mode that it has ne'er been before.

Plus successful an progressively converged satellite wherever determination is little and little achromatic abstraction to physique fibre first, our footprint and web turn successful strategical value each day. Our concern is being fueled by duplicate engines, including the fiber-to-the-home physique astatine Kinetic and the hyperscaler AI physique astatine Fiber Infrastructure. We are good positioned strategically and we person the close assets, program and squad successful spot going forward. We demonstrated beardown results successful the archetypal 4th by executing connected that strategy. Total fibre gross grew 15% year-over-year. Fiber gross astatine Fiber Infrastructure grew 13% and we had the 3rd highest 4th of bookings ever astatine Fiber Infrastructure.

At Kinetic, we had the strongest 4th ever of gross adds and the highest fig of homes constructed successful astir 4 years. Importantly, and backmost to my comments astir being lawsuit obsessed, we had the champion 4th of user fibre churn ever astatine Kinetic. As highlighted connected Slide 5, our priorities person not changed for the year. Despite immoderate unprecedented wintertime tempest enactment during the archetypal quarter, we're good connected our mode to ramping our fiber-to-the-home physique astatine Kinetic targeting 450,000 to 500,000 caller homes with fibre successful 2026. In information we built 45,000 caller homes successful March and different 45,000 caller homes successful April.