Cogent Communications reports mixed Q3 2026 results as total service revenue slips to $231.2 million, even as on-net revenue, including wavelengths, climbs 2.4% sequentially to $153.9 million.
Q3 2026 service revenue was $231.2 million, down from $235.6 million in Q2 2026, which weighs on the stock. However, on-net revenue including wavelengths rose 2.4% sequentially to $153.9 million and 5.8% from Q3 2025, offsetting some of the pressure. The mixed revenue picture leaves direction unclear.
$231.2 million, compared with $235.6 million in Q2 2026.
It rose 2.4% sequentially to $153.9 million and increased 5.8% from Q3 2025.
Cogent Communications posted Q3 2026 service revenue of $231.2 million, reflecting a sequential decline from the $235.6 million reported in Q2 2026. Despite the broader revenue dip, the company saw positive momentum in its on-net segment, which grew 2.4% sequentially and 5.8% year-over-year to reach $153.9 million.
Cogent reported $231.2 million in service revenue for the third quarter of 2026, down from $235.6 million in the previous quarter.
On-net revenue, including wavelengths, rose 2.4% sequentially to $153.9 million and increased 5.8% compared to the same period in 2025.