Companies /Real Estate
Lamar Advertising Co - Class A
NASDAQ: LAMR Reit - Specialty
$143.24
▼ $1.50 (−1.04%) today
Markets closed · 5:05pm ET

Lamar Advertising (LAMR) 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

How Did LAMR Stock React to Q1 2026 Earnings?

% 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+3%+6%+9%May 7May 8report 6:53am ETearnings+1.9%+9.7%
0+3%+6%+9%May 7May 8earnings+1.9%+9.7%
LAMR +9.7%NASDAQ +1.9%
0+4%+8%May 6May 14report 6:53am ETearnings+1.8%+3.5%
0+4%+8%May 6May 14earnings+1.8%+3.5%
LAMR +3.5%S&P 500 +1.8%
0+4%+8%May 6May 14report 6:53am ETearnings+3.4%+3.5%
0+4%+8%May 6May 14earnings+3.4%+3.5%
LAMR +3.5%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

Yes. Lamar Advertising reported Q1 2026 earnings of $1.00 a share on May 7, 2026, beating the $0.84 consensus estimate by 19.3%. Revenue was $528.0M against a $522.5M estimate.

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

What Was Lamar Advertising's Outlook in Q1 2026?

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
LAMR income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $528.0M $505.4M +4.5%
Operating Income $146.1M $191.2M −23.6%
Net Income $101.8M $138.8M −26.6%

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