SBA Communications Q3 revenue misses analyst expectations
SBAC•SBA Communications reported Q3 revenue of $713.92 million, below the $724.65 million analyst consensus, and adjusted FFO per share fell 3% year over year to $3.19. It lowered its 2026 revenue outlook to $2.83 billion-$2.86 billion and expects AFFO per share of $12.15-$12.37.
1. Quarterly results
SBA Communications’ Q3 revenue declined and missed analyst expectations, coming in at $713.92 million against a $724.65 million consensus. Adjusted FFO per share fell 3% year over year to $3.19; EPS was $2.19 and net income was $231.30 million.
2. Lowered 2026 outlook
The company lowered its full-year 2026 revenue outlook to $2.83 billion-$2.86 billion and expects AFFO per share of $12.15-$12.37. It said the outlook reflects a $10 million reduction in 2026 revenue from selling all its towers in Chile and Ecuador.
3. Revenue drivers
SBA attributed lower domestic site leasing revenue to customer churn and consolidation. The Chile and Ecuador tower sales also reduced site leasing revenue and tower cash flow; the company repurchased 1.7 million shares.
