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.
SBA COMMUNICATIONS CORP is 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
$2.06
Revenue Estimate
$742.57M
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the SBAC page.
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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