Lict Q2 Revenue Rises 18%, Net Income Nearly Doubles On Middle: mile fiber project

LICT

11/08/2026 16:29

Overview
US broadband provider's preliminary Q2 revenue rose 18% yr/yr to $40.6 mln
Preliminary net income nearly doubled, driven by middle-mile fiber project and government support
Company completed previously announced Gunnison Telephone acquisition, expanding rural service footprint

Outlook
Company expects E-ACAM support to rise to $40.4 mln in 2026, then decline in 2027
Company anticipates BEAD-funded broadband construction over next two to five years
LICT in talks to expand credit facility to support capital spending programs

Result Drivers
MIDDLE-MILE FIBER PROJECT - Co said work for a middle-mile fiber provider contributed $4.7 mln to Q2 EBITDA and $3.5 mln to net income
E-ACAM SUPPORT - Increased FCC E-ACAM program support boosted Q2 net income by $0.6 mln
BROADBAND SUBSCRIBER GROWTH - Growth in fiber broadband subscribers offset declines in fixed wireless, voice and video services

Company press release: ID:nBw8w0RrHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$40.60 mln
 
Q2 Net Income
 
$6.16 mln
 
Q2 Operating Profit
 
$9.32 mln
 

Reuters Recommended Reads
Aug 11 - Cardinal Infrastructure Q2 revenue jumps 114% on organic and acquisition growth, raises 2026 sales guidance
Aug 10 - Satellite broadband firm AST SpaceMobile's Q2 revenue misses estimates
Aug 10 -  US communications agency is the unlikely spearhead of Trump's China policy

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)