Array Digital Infrastructure, Inc. (AD) is a Communication Services stock trading at $35.54 (as of 2026-08-20), with a market capitalization of $3.07B and a trailing P/E of 5.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Array Digital Infrastructure, Inc. provides wireless telecommunications services in the United States, including voice, messaging, and data, and offers wireless devices and accessories such as handsets, tablets, mobile hotspots, routers, and related electronics. It also provides services including wireless roaming, wireless eligible telecommunications carrier offerings, and tower rentals, serving consumer, business, and government customers through retail, direct, telesales, ecommerce, resellers, and independent agents.
Array Digital Infrastructure provides wireless telecommunications services and sells wireless devices and related consumer electronics, and it makes money from wireless service revenue and network site rental arrangements such as towers and sites.
Because the company tracks tower tenancy rate alongside services and site rental revenues, occupancy and utilization of its wireless infrastructure are a structural driver of recurring revenue.
| Site rent | $0.1B |
| Towers TP | $0.0B |
| Fiber uplift | $0.0B |
Business quality (Mixed): Operating KPIs are provided (including tower tenancy rate and customer counts), but the available segment revenue candidates do not reconcile cleanly to the stated total revenue for the latest quarter, so only a partial, best-fit segment view can be shown.
Valuation: At 17× earnings, AD trades in line with the Communication average (18×). Note: one-time items can distort reported P/E.
| Price | $35.54 |
| Market Cap | $3.07B |
| P/E Ratio | 5.8 |
| EV / EBITDA | 3.6 |
| Price / Book | 2.42 |
| Price / Sales | 2.87 |
| FCF Yield | 8.4% |
| DCF Value (model) | $66.38 |
| DCF Upside vs Price | 86.8% |
| Revenue (TTM) | $162.96M |
| Net Margin | 29.9% |
| Revenue Growth (YoY) | -94.1% |
| EPS Growth (YoY) | 1021.6% |
| FCF Growth (YoY) | -119.4% |
| Altman Z-Score | 1.06 (distress) |
| Stock P/E | 5.8 |
| Sector P/E (Communication Services) | 24.4 |
| Industry P/E (Communication) | 17.9 |
| vs Sector | -76.2% |
| vs Industry | -67.6% |
| Top Institutional Holder | BANK OF AMERICA CORP /DE/ ($116.87M) |
| Institutional Holders Tracked | 10 |
| Sector | Communication Services |
| Industry | Communication |
| CEO | Anthony J. Carlson |
| Employees | 4,100 |
| Country | US |
| IPO Date | 2007-08-23 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.