Cogent Communications Q2 revenue falls 1.5%; profit rises on $130.7M data center gain
Cogent Communications reported second-quarter 2026 service revenue of $235.6 million, down 1.5% from the first quarter and down 4.3% from a year earlier. Net income rose to $66.6 million, or $1.39 per basic share, mainly because of a $130.7 million gain from selling ten owned data centers for $224.2 million in net proceeds.
Key points
- Service revenue was $235.6 million in Q2 2026, versus $239.2 million in Q1 2026; on-net revenue rose 6.2% from Q2 2025 to $150.2 million, including wavelengths.
- Net income was $66.6 million, or $1.39 basic and $1.38 diluted per share, compared with a loss of $(0.83) per share in Q1 2026.
- EBITDA, as adjusted for IP Transit Services Agreement payments, was $71.1 million, up 1.3% from Q1 2026, with a 30.2% margin.
- The Board approved a $0.02 quarterly dividend payable September 4, 2026, to holders of record on August 21, 2026; the net leverage ratio, adjusted for amounts due from T-Mobile, declined to 6.23 from 6.79.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.