American Tower (AMT) Q2 2026 Earnings
How Did AMT Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +4.08%.
Did AMT Beat Earnings? Q2 2026 Results
Yes. American Tower reported Q2 2026 earnings of $1.86 a share on Jul 28, 2026, beating the $1.55 consensus estimate by 20.2%. Revenue was $2.7B against a $2.7B estimate.
American Tower delivered a standout second quarter for 2026, posting earnings of $1.86 per share to beat the $1.55 consensus estimate by 20.22%, while revenue of $2.75 billion edged past expectations by 1.94% and climbed 4.7% year over year. The headline profit figure was amplified by a meaningful swing in foreign currency results, with gains of approximately $42.10 million in the period contrasting sharply against losses of $484.00 million a year ago, though the underlying business also showed genuine momentum. CEO Steve Vondran pointed to record leasing activity at CoreSite data centers as a primary growth engine, with the Data Centers segment expanding 13.4% to $297.00 million and international markets adding further lift, including a 23.5% jump in Africa and APAC. U.S. and Canada property revenue faced headwinds from DISH-related cancellations of $63.00 million, partially offsetting those gains. Management raised its full-year 2026 outlook for the second time, guiding AFFO per share to $11.00 to $11.17, reflecting continued confidence in data center demand and favorable currency tailwinds.
- Robust leasing demand across global tower portfolio
- Record leasing activity at CoreSite data centers
- Strong international property revenue growth, particularly in Africa & APAC (23.5%) and Latin America (13.4%)
- Foreign currency gains of $42.1 million vs. losses of $484.0 million in prior-year period boosted net income growth
- Organic Tenant Billings growth of 1.7%
- Total Tenant Billings growth of 2.4%
- Data Centers segment revenue growth of 13.4%
“We delivered another strong quarter, driven by robust leasing demand across our global tower portfolio, record leasing activity at CoreSite, and continued operational excellence. This momentum translated into mid-single-digit AFFO per share growth, normalized for one-time DISH churn, and enabled us to raise our full-year outlook for the second time this year.”
American Tower CEO, on the earnings call
What Is American Tower's Outlook?
The company raised its full-year 2026 outlook for the second time, driven by Data Center outperformance, favorable foreign currency exchange rate fluctuations, and one-time expense benefits. Updated full-year 2026 guidance: Total property revenue of $10,695M to $10,845M (midpoint growth 4.5%); Net income of $3,270M to $3,350M (midpoint growth 25.9%); Adjusted EBITDA of $7,240M to $7,310M (midpoint growth 2.0%); AFFO attributable to AMT common stockholders of $5,135M to $5,215M (midpoint growth 2.7%); AFFO per share of $11.00 to $11.17 (midpoint growth 3.0%). Segment property revenue outlook at midpoint: U.S. & Canada $5,060M-$5,120M (growth -3.0%), Latin America $1,790M-$1,810M (growth 9.6%), Africa & APAC $1,620M-$1,640M (growth 14.6%), Europe $1,025M-$1,055M (growth 10.9%), Data Centers $1,200M-$1,220M (growth 14.9%). Total capital expenditures expected at $1,805M to $1,915M, including 1,700 to 2,300 new communications sites globally and $695M of data center development spend.
AMT YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.7B | $2.6B | +4.7% |
| Gross Profit | $2.0B | $1.9B | +3.6% |
| Operating Income | $1.3B | $1.2B | +5.9% |
| Net Income | $887.5M | $366.8M | +142.0% |
AMT Revenue by Segment
AMT Revenue by Geography
When Does American Tower Report Next?
Figures from SEC filings and company reports. Not investment advice.