SBA Communications's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-02. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $714 million (−2.5% vs a year earlier) |
| Diluted EPS (GAAP) | $2.19 |
| Full-year guidance | Mixed |
Guidance
SBA trimmed 2026 total revenue and adjusted EBITDA outlook midpoints (partly FX and asset sales) and raised AFFO per share to $12.15–12.37.
Why this label: Change vs Aug 3 outlook: total revenues midpoint −$18.0M, adjusted EBITDA −$7.0M, but AFFO +$2.0M and AFFO/share +$0.08.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| total revenues | FY2026 | $2,833.0–2,858.0 million (midpoint -$18.0M vs Aug 3 outlook) | not stated |
| site leasing revenue | FY2026 | $2,643.0–2,658.0 million (midpoint -$13.0M) | not stated |
| tower cash flow | FY2026 | $2,083.0–2,098.0 million (midpoint -$10.5M) | not stated |
| adjusted EBITDA | FY2026 | $1,918.0–1,928.0 million (midpoint -$7.0M) | not stated |
| AFFO | FY2026 | $1,284.0–1,308.0 million (midpoint +$2.0M) | not stated |
| AFFO per share | FY2026 | $12.15–12.37 (midpoint +$0.08) | not stated |
| discretionary cash capital expenditures | FY2026 | $480.0–490.0 million (midpoint +$20.0M) | not stated |
From the release
Revenue: "Total revenues · 713,924 · 732,327"
Earnings per share: "Earnings per share - diluted · 2.19 · 2.20"
total revenues: "Total revenues · $ · 2,833.0 · to · $ · 2,858.0 · $ · (18.0 · ) · $ · (3.0 · )"
site leasing revenue: "Site leasing revenue · $ · 2,643.0 · to · $ · 2,658.0 · $ · (13.0 · ) · $ · 2.0"
tower cash flow: "Tower Cash Flow (1) · $ · 2,083.0 · to · $ · 2,098.0 · $ · (10.5 · )"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Q3 total revenues fell 2.5% as site development revenue dropped 36%; AFFO/share $3.19.
Source
SBA Communications earnings release (SEC filing), accession 0001193125-26-443666, filed 2026-11-02.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.