Companies /Real Estate

Lamar Advertising Co - Class A

NASDAQ: LAMR Reit - Specialty
$150.59
▼ $1.39 (−0.91%) today
Markets closed · 3:02am ET

Q1 2026 Earnings

Reported May 7, 2026, 6:53am ET · SEC source
$1.00
Beat +19.26%
EPS · est. $0.84
$528.0M
Beat +1.06%
Revenue · est. $522.5M
−1.2%
Trailing market
LAMR vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%May 7May 8report 6:53am ETearnings+0.4%+9.7%
0+4%+8%May 7May 8earnings+0.4%+9.7%
LAMR +9.7%S&P 500 +0.4%
0+4%+8%May 7May 8report 6:53am ETearnings+1.9%+9.7%
0+4%+8%May 7May 8earnings+1.9%+9.7%
LAMR +9.7%NASDAQ +1.9%
0+4%+8%May 6May 14report 6:53am ETearnings+1.8%+3.4%
0+4%+8%May 6May 14earnings+1.8%+3.4%
LAMR +3.4%S&P 500 +1.8%
0+4%+8%May 6May 14report 6:53am ETearnings+3.4%+3.4%
0+4%+8%May 6May 14earnings+3.4%+3.4%
LAMR +3.4%NASDAQ +3.4%
+7.12%
Day of report
+4.45%
Next session
−2.51%
One week
−0.44%
30 days

S&P 500 over the same 30 days: +0.75%.

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% 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

“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.”

Lamar Advertising CEO, on the earnings call

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 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$505.4M$528.0MRevenue$191.2M$146.1MOperating Income$138.8M$101.8MNet Income
$0$200.0M$400.0MRevenueOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.