Q1 26 EPS
$1.84
BEAT +17.03%
Est. $1.57
Q1 26 Revenue
$2.74B
BEAT +3.27%
Est. $2.65B
vs S&P Since Q1 26
-11.8%
TRAILING MARKET
AMT -3.2% vs S&P +8.5%
Market Reaction
Did AMT Beat Earnings? Q1 2026 Results
American Tower delivered a notably strong first quarter of 2026, with earnings per share of $1.84 beating the Wall Street consensus of $1.57 by 17.03% and revenue of $2.74 billion topping estimates by 3.27% while rising 6.8% year-over-year. The headl… Read more American Tower delivered a notably strong first quarter of 2026, with earnings per share of $1.84 beating the Wall Street consensus of $1.57 by 17.03% and revenue of $2.74 billion topping estimates by 3.27% while rising 6.8% year-over-year. The headline results were meaningfully lifted by a $68.10 million unrealized foreign currency gain in the quarter, which compared favorably to a $345.70 million foreign currency loss in the prior-year period, helping net income climb 76.2% to $878.50 million. Beneath that tailwind, underlying momentum remained solid, with international segments carrying much of the weight; Europe surged 22.4% and Latin America grew 20.3%, while the Data Centers segment expanded 18.4% to $289.00 million. Adjusted EBITDA rose 5.2% to $1.84 billion. Looking ahead, management raised its full-year 2026 guidance, now projecting AFFO per share of $10.90 to $11.07, with the upgrade reflecting continued foreign currency tailwinds and accelerating straight-line revenue recognition in Latin America.
Key Takeaways
- • Rising mobile data consumption driving tower demand
- • Accelerating cloud adoption supporting data center growth
- • Rapid expansion of AI-driven workloads increasing infrastructure demand
- • Latin America property revenue growth of 20.3% driven by escalations and pass-through revenue
- • Favorable foreign currency exchange rate fluctuations contributing $68.1 million gain vs. $345.7 million loss in prior year
- • Organic Tenant Billings Growth of 1.7% across property portfolio
- • Data Centers segment revenue growth of 18.4%
- • Europe property revenue growth of 22.4%
AMT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AMT Revenue by Segment
With YoY comparisons, source: SEC Filings
AMT Revenue by Geography
With YoY comparisons, source: SEC Filings
“We had an excellent start to 2026. The structural growth drivers of our business continue to strengthen, with rising mobile data consumption, accelerating cloud adoption and the rapid expansion of AI-driven workloads all pointing toward sustained investment in high-quality digital infrastructure.”
— Steve Vondran, Q1 2026 Earnings Press Release
AMT Earnings Trends
AMT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMT EPS Trend
Earnings per share: estimate vs actual
AMT Revenue Trend
Quarterly revenue: estimate vs actual
AMT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.55 | $1.86 | +20.22% | $2.75B | +1.94% |
| Q1 26 BEAT | $1.57 | $1.84 | +17.03% | $2.74B | +3.27% |
| Q4 25 BEAT FY | $1.47 | $1.75 | +19.06% | $2.74B | +1.66% |
| FY Full Year | $5.11 | $5.40 | +5.61% | $10.64B | +0.49% |
| Q3 25 BEAT | $1.65 | $1.82 | +10.06% | $2.72B | +2.31% |
| Q2 25 MISS | $1.66 | $0.78 | -53.14% | $2.63B | +1.26% |
| Q1 25 MISS | $1.57 | $1.04 | -33.55% | $2.56B | +0.75% |