Cogent Communications Holdings, Inc. (CCOI) Earnings
Cogent Communications Holdings, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.97. CCOI has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +13.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 4, 2026 | $-1.03 | $-0.83 | +19.4% | $239M | -0.9% |
| Feb 20, 2026 | $-1.09 | $-0.64 | +41.3% | $241M | -1.3% |
| Nov 6, 2025 | $-1.15 | $-0.87 | +24.3% | $223M | -8.6% |
| Aug 7, 2025 | $-0.93 | $-1.21 | -30.1% | $246M | -0.2% |
| May 8, 2025 | $-1.05 | $-1.09 | -3.8% | $247M | -2.4% |
| Feb 27, 2025 | $-1.22 | $-0.91 | +25.4% | $252M | -3.3% |
| Nov 7, 2024 | $-1.34 | $-1.33 | +0.7% | $257M | -0.6% |
| Aug 8, 2024 | $-1.31 | $-0.75 | +42.7% | $260M | -1.5% |
| May 9, 2024 | $-1.10 | $-1.29 | -17.3% | $266M | -2.1% |
| Feb 29, 2024 | $-0.95 | $-0.16 | +83.2% | $272M | +0.4% |
| Nov 9, 2023 | $-0.87 | $-1.13 | -29.9% | $275M | -2.2% |
| Aug 10, 2023 | $0.06 | $-0.13 | -316.7% | $240M | -9.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 4, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Entered nonbinding LOI for sale of 10 Sprint data centers, expect closing early summer. Working on refinancing 2027 $750 million unsecured notes. Company reached verbal agreement with 2032 noteholders on amendment to indenture. Wavelength services offered in 1,107 locations with 90.8% y-o-y revenue increase. EBITDA adjusted for quarter increased $1.4 million, margin up 150 basis points. SG&A increased $7.1 million q-o-q due to seasonal factors.
Guidance
Anticipate long-term average revenue growth rate 6%-8% and EBITDA margin expansion ~200 basis points per year. Revenue and EBITDA targets are multiyear.
Segment performance
Wavelength revenues for the quarter were $13.6 million, an increase of 90.8% year-over-year and 12.3% sequentially. Wavelength customer connections increased 71.2% year-over-year and 9.6% sequentially to 2,263. IP Leasing revenues increased 4% to $18 million, up 25% year-over-year. Average price per IP address stable at $0.40. Total revenue for the quarter was $239.2 million. On-net revenues including on-net wave revenues increased $2.8 million, off-net revenues declined $3.9 million, noncore revenues decreased $12.2 million. Gross margin percentage increased 150 basis points to 46.1%.
Risks & headwinds
Equipment price increases from vendors due to supply chain constraints. Potential impact on CapEx and margins. Supply chain constraints affecting wavelength installs and customer acceptance.
Analyst Q&A
Q: Greg Williams on EBITDA and data center sales.
A: David Schaeffer on EBITDA margin expansion and data center sale details.
Q: Sebastiano Petti on top line trajectory and wave installs.
A: David Schaeffer on core business growth and wave install factors.
Q: Chris Schoell on CapEx and sales force.
A: David Schaeffer on equipment pricing impact and sales force productivity.
Q: Ana Goshko on data center sale timing and cost savings.
A: David Schaeffer on sale timeline and cost reduction progress.
Q: Frank Louthan on wavelength size and IPv4 sales.
A: David Schaeffer on wavelength wave sizes and IPv4 activity.
Q: Walter Piecyk on data center sale terms and refi.
A: David Schaeffer on sale terms and refi considerations.
Q: Tim Horan on data center sale binding and wavelength share.
A: David Schaeffer on sale binding and wavelength share progress.
Q: Nicholas Del Deo on CapEx and corporate sales.
A: David Schaeffer on CapEx drivers and corporate sales trends.