Anterix (NASDAQ: ATEX) reported fiscal 2026 fourth-quarter and full-year results on Wednesday, highlighting new spectrum agreements with utility customers, regulatory progress in the 900 MHz broadband market, and a strong balance sheet as the company continues expanding its private wireless broadband platform for critical infrastructure operators.<\/p>\n\n\n\n
During fiscal 2026, Anterix signed new spectrum sale agreements with CPS Energy, Texas-New Mexico Power, and NorthWestern Energy, generating total contracted proceeds of approximately $23.9 million. The company also announced that it entered into an additional spectrum sale agreement with Benton Public Utility District in April 2026, adding another $0.8 million in contracted value.<\/p>\n\n\n\n
The agreements support Anterix’s strategy of providing private wireless broadband spectrum to utility companies seeking to modernize grid operations, enhance cybersecurity, and improve communications infrastructure.<\/p>\n\n\n\n
One of the most significant developments during the year came in February when the Federal Communications Commission adopted a Report and Order expanding the 900 MHz broadband segment from 6 MHz to 10 MHz.<\/p>\n\n\n\n
The regulatory change is expected to increase spectrum capacity available for utility broadband networks and strengthen the long-term value proposition of Anterix’s spectrum assets.<\/p>\n\n\n\n
The company has been a leading advocate for private utility broadband networks built on dedicated licensed spectrum, which utilities increasingly view as critical infrastructure for grid modernization and operational resilience.<\/p>\n\n\n\n
Throughout fiscal 2026, Anterix delivered broadband licenses covering 155 counties and recorded a gain of $34.8 million from the sale of intangible assets.<\/p>\n\n\n\n
The company also completed exchanges of narrowband licenses for broadband licenses across 219 counties, generating a gain of $105.4 million.<\/p>\n\n\n\n
During the fourth quarter alone, Anterix delivered broadband licenses covering 92 counties and recorded a $22.0 million gain on intangible asset sales. The company also exchanged licenses in 46 counties during the quarter, generating an additional $11.1 million gain.<\/p>\n\n\n\n
To support future deployments, Anterix invested $27.2 million in spectrum clearing activities during fiscal 2026, including $7.4 million during the fourth quarter.<\/p>\n\n\n\n
In addition to its spectrum business, the company expanded its product portfolio with the launch of TowerX\u2122, a tower site access service, and CatalyX\u00ae, a turnkey connectivity management solution.<\/p>\n\n\n\n
The new offerings are designed to help utilities accelerate deployment and management of private wireless communications networks, creating additional revenue opportunities beyond spectrum licensing.<\/p>\n\n\n\n
Anterix ended fiscal 2026 with a strong balance sheet, reporting cash and cash equivalents of $98.5 million and no outstanding debt.<\/p>\n\n\n\n
The company also held approximately $6.1 million in restricted cash related to escrow deposits.<\/p>\n\n\n\n
Management noted that Anterix has received approximately $127 million in contracted proceeds from customers to date, with an additional $50 million in contracted proceeds still outstanding.<\/p>\n\n\n\n
The company continues to maintain a share repurchase authorization of up to $250 million through September 2026.<\/p>\n\n\n\n
While no shares were repurchased during the fiscal fourth quarter, Anterix repurchased approximately $1 million of stock during the full fiscal year. As of March 31, 2026, roughly $226.7 million remained available under the program.<\/p>\n\n\n\n
As utilities continue investing in grid modernization, cybersecurity, and advanced communications infrastructure, Anterix remains positioned to benefit from growing demand for private broadband networks built on licensed spectrum.<\/p>\n\n\n\n
The recent FCC expansion of the 900 MHz broadband band, combined with new utility partnerships and growing contracted revenue, provides additional momentum for the company’s long-term growth strategy.<\/p>\n\n\n\n
Management continues to focus on expanding utility adoption of private wireless broadband networks while developing complementary services that support deployment and operational management across critical infrastructure sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Anterix (NASDAQ: ATEX) reported fiscal 2026 fourth-quarter and full-year results on Wednesday, highlighting new spectrum agreements with utility customers, regulatory progress in the 900 MHz broadband market, and a strong balance sheet as the company continues expanding its private wireless broadband platform for critical infrastructure operators. During fiscal 2026, Anterix signed new spectrum sale agreements…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","hentry","category-finance"],"taxonomy_info":{"category":[{"value":4,"label":"Finance"}]},"featured_image_src_large":false,"author_info":{"display_name":"Heidi Phillips","author_link":"https:\/\/setenews.com\/index.php\/author\/heidi-phillips\/"},"comment_info":0,"category_info":[{"term_id":4,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":4,"taxonomy":"category","description":"","parent":0,"count":5,"filter":"raw","cat_ID":4,"category_count":5,"category_description":"","cat_name":"Finance","category_nicename":"finance","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":1,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"predecessor-version":[{"id":52,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/posts\/51\/revisions\/52"}],"wp:attachment":[{"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setenews.com\/index.php\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}