LAMR Q1 2026 Earnings
Reported May 7, 2026 at 6:53 AM ET · SEC Source
Q1 26 EPS
$1.00
BEAT +19.26%
Est. $0.84
Q1 26 Revenue
$528.0M
BEAT +1.06%
Est. $522.5M
vs S&P Since Q1 26
+4.4%
BEATING MARKET
LAMR +4.6% vs S&P +0.2%
Market Reaction
Did LAMR Beat Earnings? Q1 2026 Results
Lamar Advertising kicked off fiscal 2026 with a strong first quarter, posting earnings per share of $1.00 against a consensus estimate of $0.84, a beat of 19.26%, while revenue of $528.00 million edged past the $522.48 million forecast and grew 4.5% … Read more Lamar Advertising kicked off fiscal 2026 with a strong first quarter, posting earnings per share of $1.00 against a consensus estimate of $0.84, a beat of 19.26%, while revenue of $528.00 million edged past the $522.48 million forecast and grew 4.5% year-over-year. The headline driver was robust demand from both local and national advertising customers, which helped lift adjusted EBITDA 7.7% to $226.33 million and push free cash flow up 25.8% to $152.35 million. A year-ago GAAP comparison was distorted by a one-time $67.70 million gain from the sale of Lamar's equity stake in Vistar Media, making the underlying operating trend appear softer than it was in practice. AFFO per diluted share rose 7.5% to $1.72, a figure that carries particular weight for REIT investors, and management's confidence in the trajectory was underscored by a declared quarterly dividend of $1.60 per share, with the company guiding toward at least $6.40 in total distributions for the full year. CEO Sean Reilly noted that pacings have Lamar trending toward the top end of its full-year AFFO per diluted share guidance.
Key Takeaways
- • Strong demand from local and national advertising customers
- • Net revenues increased 4.5% year-over-year
- • Acquisition-adjusted net revenue increased 3.9%
- • Adjusted EBITDA increased 7.7% to $226.3 million
- • AFFO increased 8.0% to $177.5 million
- • Free cash flow increased 25.8% to $152.4 million
- • Diluted AFFO per share increased 7.5% to $1.72
LAMR Forward Guidance & Outlook
CEO Sean Reilly stated that pacings have the company trending at the top end of its previously provided full-year AFFO per diluted share guidance. Strong demand from local and particularly national customers is supporting the positive outlook. The company's first-quarter results surpassed internal forecasts.
LAMR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Our year is shaping up quite nicely, with strong demand from local and particularly national customers. Our first-quarter results surpassed our internal forecasts, and our pacings have us trending at the top end of our previously provided guidance for full-year AFFO per diluted share.”
— Sean Reilly, Q1 2026 Earnings Press Release
LAMR Earnings Trends
LAMR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LAMR EPS Trend
Earnings per share: estimate vs actual
LAMR Revenue Trend
Quarterly revenue: estimate vs actual
LAMR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.84 | $1.00 | +19.26% | $528.0M | +1.06% |
| Q4 25 MISS FY | $1.57 | $1.50 | -4.42% | $595.9M | +0.55% |
| FY Full Year | — | $5.77 | — | $2.27B | — |
| Q3 25 MISS | $1.48 | $1.40 | -5.30% | $585.5M | +0.26% |
| Q2 25 BEAT | $1.48 | $1.52 | +2.36% | $579.3M | -0.26% |