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SBA Communications Corp (SBAC) stock

SBACNasdaqReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 14/3016% below fair value
$187.15+2.27 (+1.23%)

Close on Oct 30, 2026Market cap $19.85BP/E 20.2Yield –

Earnings

SBA Communications's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 2, 2026
Q3 FY2026 · estimated, during market hours
Revenue, Q2 FY2026
$715.27M
+2.3% on a year earlier
AFFO per share, Q2 FY2026
$3.05
$3.17 a year earlier
Latest guidance
Raised
Aug 3, 2026 · 10 items

Quarterly results

Revenue and earnings per share from each of SBA Communications's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 2, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Aug 3, 2026during market hours$715.27M+2.3%$1.87$3.05Release
Q1 FY2026ended Mar 31, 2026Apr 29, 2026during market hours$703.44M+5.9%$1.74$3.03Release
Q4 FY2025ended Dec 31, 2025Feb 26, 2026during market hours$719.58M+3.7%$3.47$3.19Release
Q3 FY2025ended Sep 30, 2025Nov 3, 2025during market hours$732.33M+9.7%$2.20$3.30Release
Q2 FY2025ended Jun 30, 2025Aug 4, 2025during market hours$698.98M+5.8%$2.09$3.17Release
Q1 FY2025ended Mar 31, 2025Apr 28, 2025during market hours$664.25M+1.0%$1.77$3.18Release
Q4 FY2024ended Dec 31, 2024Feb 24, 2025during market hours$693.70M+2.8%$1.61$3.47Release
Q3 FY2024ended Sep 30, 2024Oct 28, 2024during market hours$667.60M-2.2%$2.40$3.32Release
Q2 FY2024ended Jun 30, 2024Jul 29, 2024during market hours$660.50M-2.7%$1.51$3.29Release
Q1 FY2024ended Mar 31, 2024Apr 29, 2024during market hours$657.90M-2.6%$1.42$3.29Release
Q4 FY2023ended Dec 31, 2023Feb 26, 2024during market hours$675.10M-1.6%$1.01$3.37Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

SBA Communications's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Site leasing revenueFY2026$2.63B – $2.65B–NewFeb 26, 2026
Total revenuesGAAPFY2026$2.84B – $2.89B$2.84B – $2.88BRaisedAug 3, 2026
Adjusted EBITDAnon-GAAPFY2026$1.92B – $1.94B$1.92B – $1.94BLoweredAug 3, 2026
Net incomeGAAPFY2026$7.25 – $7.74–NewApr 29, 2026
AFFO per sharenon-GAAPFY2026$11.95 – $12.40$11.93 – $12.38RaisedAug 3, 2026
AFFOnon-GAAPFY2026$1.27B – $1.32B–NewAug 3, 2026
Non-discretionary cash capital expendituresFY2026$65.00M – $75.00M$67.00M – $77.00MLoweredAug 3, 2026
AFFOnon-GAAPFY2026$1.26B – $1.31B–RaisedFeb 26, 2026
Discretionary cash capital expendituresFY2026$455.00M – $475.00M–RaisedAug 3, 2026
Net cash interest expensenon-GAAPFY2026$490.00M – $498.00M$492.00M – $500.00MLoweredAug 3, 2026
Site development revenueFY2026$190.00M – $210.00M–LoweredAug 3, 2026
Site leasing revenueFY2026$2.65B – $2.68B–NewAug 3, 2026
Tower Cash Flownon-GAAPFY2026$2.09B – $2.11B$2.08B – $2.10BRaisedAug 3, 2026

Guidance vs results

The last range SBA Communications gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025AFFO per share$12.76 – $12.98$12.84Σ4QWithin range
FY2025EPS (GAAP)$8.02 – $8.44$9.53Σ4QAbove range
FY2025Revenue$2.57B – $2.58B$2.82BΣ4QAbove range

Guidance history

Every forecast SBA Communications put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 3, 2026Non-discretionary cash capital expendituresFY2026$65.00M – $75.00MLowered
Aug 3, 2026Adjusted EBITDAFY2026$1.92B – $1.94BLowered
Aug 3, 2026AFFO per shareFY2026$11.95 – $12.40Raised
Aug 3, 2026AFFOFY2026$1.27B – $1.32BNew
Aug 3, 2026Tower Cash FlowFY2026$2.09B – $2.11BRaised
Aug 3, 2026Net cash interest expenseFY2026$490.00M – $498.00MLowered
Aug 3, 2026Site leasing revenueFY2026$2.65B – $2.68BNew
Aug 3, 2026Site development revenueFY2026$190.00M – $210.00MLowered
Aug 3, 2026Discretionary cash capital expendituresFY2026$455.00M – $475.00MRaised
Aug 3, 2026Total revenuesFY2026$2.84B – $2.89BRaised
Apr 29, 2026Adjusted EBITDAFY2026$1.92B – $1.94BRaised
Apr 29, 2026AFFO per shareFY2026$11.93 – $12.38Raised
Apr 29, 2026Net incomeFY2026$7.25 – $7.74New
Apr 29, 2026Total revenuesFY2026$2.84B – $2.88BNew
Feb 26, 2026Non-discretionary cash capital expendituresFY2026$67.00M – $77.00MNew
Feb 26, 2026Discretionary cash capital expendituresFY2026$430.00M – $450.00MRaised
Feb 26, 2026Adjusted EBITDAFY2026$1.91B – $1.93BNew
Feb 26, 2026AFFO per shareFY2026$11.84 – $12.29New
Feb 26, 2026Net cash interest expenseFY2026$492.00M – $500.00MLowered
Feb 26, 2026Tower Cash FlowFY2026$2.08B – $2.10BNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases SBA Communications filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Results
  5. Results
  6. Results
  7. Results
  8. Results
  9. Results
  10. Results
  11. Results
  12. Results
  13. Update
  14. Results
  15. Results