Q1 26 EPS
$1.02
BEAT +116.61%
Est. $0.47
Q1 26 Revenue
$1.01B
BEAT +1.53%
Est. $994.8M
vs S&P Since Q1 26
-24.0%
TRAILING MARKET
CCI -14.9% vs S&P +9.0%
Market Reaction
Did CCI Beat Earnings? Q1 2026 Results
Crown Castle delivered a strong earnings beat in Q1 2026, posting adjusted diluted EPS of $1.02 against a consensus estimate of $0.47, a 116.61% beat, as the tower company navigated a deliberate strategic reset. Revenue came in at $1.01 billion, edgi… Read more Crown Castle delivered a strong earnings beat in Q1 2026, posting adjusted diluted EPS of $1.02 against a consensus estimate of $0.47, a 116.61% beat, as the tower company navigated a deliberate strategic reset. Revenue came in at $1.01 billion, edging past the $994.83 million consensus by 1.53%, though total net revenues slipped 4.8% year-over-year, weighed down by DISH Wireless lease terminations and ongoing Sprint network consolidation cancellations that collectively shaved $54.00 million from organic site rental billings. Excluding those headwinds, organic growth held at a healthy 3.3%. The quarter also marked meaningful progress on Crown Castle's transformation into a pure-play U.S. Tower company, with the $8.50 billion Fiber Business sale to EQT and Zayo having since closed, clearing the path for roughly $1.00 billion in share repurchases and more than $7.00 billion in debt reduction. Management reaffirmed its full-year 2026 outlook, guiding for AFFO of $4.38 to $4.49 per share and site rental revenues of $3.83 billion to $3.87 billion.
Key Takeaways
- • Organic site rental billing growth of 3.3% (excluding DISH and Sprint impacts)
- • Escalators contributed $25M in Q1 2026
- • Core leasing activity of $15M in Q1 2026
- • Operating cost reductions from workforce restructuring ($14M restructuring charges in Q1)
- • Increased land ownership purchases under towers ($32M vs $18M in Q1 2025)
CCI YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CCI Revenue by Segment
With YoY comparisons, source: SEC Filings
CCI Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered a solid first quarter and remain on track to achieve our full-year 2026 guidance. We have largely completed the separation of our Fiber and Small Cell businesses and expect the sale to close in the first half of 2026. As we transition to a pure-play tower company, we are focused on execution by driving operating efficiency, modernizing our systems, and increasing land ownership under our towers. With a clear standalone tower strategy, a disciplined capital allocation framework, and an investment-grade balance sheet, we are well positioned to deliver attractive and sustainable shareholder returns.”
— Chris Hillabrant, Q1 2026 Earnings Press Release
CCI Earnings Trends
CCI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CCI EPS Trend
Earnings per share: estimate vs actual
CCI Revenue Trend
Quarterly revenue: estimate vs actual
CCI Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.51 | $1.13 | +122.09% | $1.01B | +1.21% |
| Q1 26 BEAT | $0.47 | $1.02 | +116.61% | $1.01B | +1.53% |
| Q4 25 BEAT FY | $0.58 | $0.67 | +15.74% | $1.07B | +1.02% |
| FY Full Year | $2.45 | $1.01 | -58.76% | $4.26B | +0.22% |
| Q3 25 BEAT | $0.49 | $0.74 | +51.02% | $1.07B | +1.82% |
| Q2 25 BEAT | $0.52 | $0.67 | +28.97% | $1.06B | +2.17% |
| Q1 25 MISS | $-0.01 | $-1.07 | -9,204.35% | $1.06B | +1.97% |