Spok Q2 revenue falls as wireless declines, cuts FY outlook

Spok Holdings

29/07/2026 21:39

Overview
U.S. healthcare communications firm's Q2 revenue fell 1.9% yr/yr as wireless revenue declined
Adjusted EBITDA for Q2 rose 22.1% yr/yr, while net income dropped 9.5%
Company completed $8 mln sale of narrowband licenses and lowered full-year revenue guidance

Outlook
Spok now sees 2026 revenue between $132.5 mln and $139.5 mln, down from $136 mln-$143 mln
Company maintains 2026 adjusted EBITDA guidance midpoint at $30 mln
Spok says strategic realignment and sales pipeline visibility influenced updated guidance

Result Drivers
SOFTWARE REVENUE GROWTH - Co said Q2 software revenue rose over 3% yr/yr, driven by 52% growth in license revenue and 53% growth in managed services revenue
WIRELESS UNIT DECLINE - Wireless units in service fell 1.8% in Q2, though the rate of decline improved from Q1 and was consistent with prior year levels
ASSET SALE - Co completed sale of narrowband spectrum licenses for $8 mln as part of strategic realignment

Company press release: ID:nBw49XJ4ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$4.12 mln
 
Q2 Adjusted EBITDA
 
$9.14 mln
 
Q2 Adjusted Operating Expenses
 
$27.11 mln
 
Q2 Operating Expenses
 
$29.59 mln
 
Q2 Software Revenue
 
$17.80 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the wireless telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Spok Holdings Inc is $14.00, about 28.6% above its July 28 closing price of $10.89

Reuters Recommended Reads
July 28 - Chemed Q2 revenue beats estimates, helped by VITAS segment growth
July 29 - GE HealthCare tops quarterly estimates, weighs patient care unit sale
July 28 - AT&T closes $23 billion deal to acquire spectrum from Echostar

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(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.)