SBA Communications Corporation Reports Third Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
Key Highlights
- ➤Q3 net income $231.3 million, or $2.19 per share
- ➤Q3 AFFO per share $3.19, down 3.3% year over year
- ➤Repurchased 1.7 million shares for $300 million during Q3
- ➤Sold Chile and Ecuador towers; agreed to sell Peru towers
- ➤2026 AFFO outlook raised $2 million to $1.284-$1.308 billion
Expert Statements
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Demand for our tower assets remains strong as wireless carriers continue to expand and upgrade their networks.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Mobile data traffic continues to grow, and meeting that demand requires more equipment on more towers.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Looking ahead, we are excited about the next wave of network investment.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“The upper C-band auction, a growing pipeline of new spectrum and the industry’s move toward 6G is expected to drive new deployments on our sites, and we are seeing new opportunities from satellite and edge compute providers that value the reach and infrastructure of our portfolio.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Internationally, we continued to sharpen our focus, agreeing to sell our towers in three South American markets, completing our exit from the region outside of Brazil, while more than doubling our new tower builds in the markets where we have scale.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Our investment grade balance sheet gives us the flexibility to keep investing in our portfolio while also returning capital through share repurchases.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“Since our last earnings release, we have bought back $300 million of our stock, reflecting our confidence in the business and our belief that our shares represent great value.”
Brendan Cavanagh, President and Chief Executive Officer of SBA Communications Corporation
“With high-quality assets and a talented team, SBA is well positioned for the future.”
SBA Communications Corporation Reports Third Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2026.
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