Stock Track | Uniti Group Soars 7.45% Intraday on Strong Q1 Earnings Beat and Robust Fiber Growth

Stock Track05-11

Uniti Group Inc's stock surged 7.45% during intraday trading on Monday, following the release of its first quarter 2026 financial results that exceeded analyst expectations.

The company reported quarterly revenue of $987.5 million, beating the consensus estimate of $933.04 million. Uniti also posted a loss of $0.34 per share, which was better than analyst forecasts in several estimates. The strong performance was driven by a 15% year-over-year growth in consolidated fiber revenue, with Kinetic consumer fiber revenue increasing by 26% and achieving record-high gross additions of approximately 39,000 customers.

Uniti reiterated its full-year 2026 outlook, projecting revenue between $3.605 billion and $3.655 billion and adjusted EBITDA of $1.425 billion to $1.475 billion. The company's management highlighted continued strong demand from hyperscalers and significant progress in its fiber-to-the-home buildout as key drivers of the positive results.

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