Elevated Churn Outlook
Management expects domestic cash site leasing churn of $132M-$136M and international churn of $36M-$40M for the full year 2026, driven by Sprint, EchoStar, and Oi wireline.
At the archive date, SBA COMMUNICATIONS CORP was expected to release its Q3 2026 10-Q filing on November 2, 2026. Last quarter: Strong international expansion from the Millicom transaction offset domestic headwinds in Q2 FY2026, but elevated churn and rising financing costs pressured net income.
EPS Estimate
$2.13
Revenue Estimate
$740.08M
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the SBAC page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Management expects domestic cash site leasing churn of $132M-$136M and international churn of $36M-$40M for the full year 2026, driven by Sprint, EchoStar, and Oi wireline.
International site leasing added 6,789 towers from the Millicom transaction since Q2 2025, contributing to 22.4% constant currency revenue growth.
Site development revenue fell 23.5% and operating profit dropped 49.9% as carrier activity decreased, with management noting increased construction costs as a percentage of revenue.
Revenue
$715.27M
+2.33% YoY
EPS (Diluted)
$1.87
-10.53% YoY
Gross Margin
75.4%
+0.0 pts YoY
Operating Income
$351.86M
+5.10% YoY
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