Uniti raises 2026 revenue outlook to $3.695 billion as Kinetic fiber grows
Key Facts
On November 9, 2026, Uniti raised its consolidated revenue guidance for the fiscal year to a range of $3.665 billion–$3.695 billion, reporting third-quarter results that showed growth in Kinetic’s consumer fiber business alongside a net loss for the group. The guidance covers all of Uniti’s revenue, while the company set Kinetic consumer fiber revenue at $610 million to $630 million in 2026. It said the range represents an increase of about 20% to 25% from the prior year. The announcement puts consumer fiber growth at the center of the outlook update, while the quarterly results reflect a financial picture that also includes the performance of the fiber infrastructure unit. The company announced the results on November 9 and scheduled a call to discuss them the same day.
The outlook update followed 22% year-over-year growth in Kinetic consumer fiber revenue in the third quarter of 2026. The company supported that performance by adding about 46,000 new subscribers during the quarter, its highest quarterly net additions. It also passed 162,000 locations with fiber during the same period, its highest quarterly level on that measure. Together, the figures capture revenue growth, customer-base expansion and network buildout, operational indicators that provide context for the annual revenue outlook. Kinetic is targeting fiber passes to 3.5 million homes by the end of 2029, and the company said it remains on track to meet that goal.
At the group level, consolidated revenue was $848.1 million in the third quarter of 2026, while Uniti posted a net loss of $244.5 million. Adjusted earnings before interest, taxes, depreciation and amortization were $289.3 million during the period. The results show that the higher annual outlook came in a quarter that combined substantial operating revenue with a net loss, alongside the adjusted earnings measure reported by the company. The quarter’s contribution was not limited to consumer fiber: Kinetic recorded revenue of $515.3 million and a contribution margin of $190.2 million. The company estimated Kinetic’s contribution margin at about 37% of its quarterly revenue.
In the fiber infrastructure unit, revenue was $201.5 million in the third quarter. Monthly recurring revenue from new bookings also reached about $1.9 million, the second-highest level on record, according to the company. The chief executive said strong bookings continue to benefit from unprecedented demand from hyperscalers and supercomputing providers, with demand also increasing from traditional large enterprises. That demand includes dark and lit fiber solutions, he said, linking bookings activity to these customers’ telecommunications infrastructure needs. The bookings results provide a complementary indicator to the unit’s quarterly revenue, measuring monthly recurring revenue associated with new bookings.
The new outlook followed an initial fiscal 2026 revenue range of $3.605 billion to $3.655 billion that Uniti announced in March. The range announced in November is above that initial guidance, after the company indicated it had revised it in July before raising it again in November. This guidance differs from Kinetic consumer fiber’s outlook: the former covers the group’s consolidated revenue, while the latter covers only the consumer fiber business. Kinetic’s announced network target extends through the end of 2029, with a plan to pass 3.5 million homes with fiber. The earnings call was scheduled to begin on November 9 at 8:30 a.m. Eastern time.