Lamar Advertising (LAMR) Q2 2026 Earnings
How Did LAMR Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.34%.
Did LAMR Beat Earnings? Q2 2026 Results
Yes. Lamar Advertising reported Q2 2026 earnings of $1.58 a share on Aug 6, 2026, beating the $1.58 consensus estimate by 0.0%. Revenue was $616.7M against a $606.6M estimate.
Lamar Advertising delivered a solid second quarter for 2026, matching Wall Street's GAAP earnings-per-share estimate of $1.58 exactly while posting revenue that genuinely impressed, with the outdoor advertising giant reporting $616.75 million in net revenue, a 6.5% increase year-over-year that cleared the $606.61 million consensus by 1.67%. The headline story behind the results was improving operating leverage, as expense growth lagged revenue gains and pushed adjusted EBITDA up 9.0% to $303.36 million, a key signal of the company's ability to translate billboard, transit, and digital display demand into bottom-line gains. AFFO, the metric REIT investors watch most closely, climbed 10.1% to $247.95 million, with diluted AFFO per share rising to $2.40 from $2.22 a year earlier. Management rewarded shareholders with raised full-year guidance, now projecting diluted AFFO per share of $8.75 to $8.90 and GAAP diluted EPS of $5.95 to $5.99, citing results that exceeded internal expectations and strong advertising pacings through the balance of 2026, a sentiment echoed by analysts who have recently raised price targets on the stock.
- Net revenues increased 6.5% year-over-year driven by advertiser demand for outdoor advertising
- Adjusted EBITDA grew 9.0% year-over-year to $303.4 million
- AFFO increased 10.1% year-over-year
- Acquisition-adjusted net revenue increased 6.1%, reflecting strong organic growth
- Acquisition-adjusted EBITDA increased 7.3%
- Digital billboard network expansion with over 5,700 digital displays
“Our business is in a great place right now. As our results demonstrate, customers appreciate our ability to connect them with their audiences and to deliver messages that resonate.”
Lamar Advertising CEO, on the earnings call
What Is Lamar Advertising's Outlook?
Lamar raised its full-year 2026 guidance. The company now expects diluted EPS of $5.95 to $5.99 and diluted AFFO per share of $8.75 to $8.90 for fiscal year 2026. Management cited second-quarter results that exceeded expectations and strong pacings for the balance of 2026 as the basis for the upward revision. The revised guidance projects full-year net income of $604.4 million to $609.4 million and AFFO of $903.0 million to $918.0 million.
LAMR YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $616.7M | $579.3M | +6.5% |
| Operating Income | $208.0M | $197.7M | +5.2% |
| Net Income | $164.6M | $154.4M | +6.7% |
When Does Lamar Advertising Report Next?
Figures from SEC filings and company reports. Not investment advice.