Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+2.69%
$188.09
100% positive prob.
5-Day Prediction
+2.92%
$188.51
100% positive prob.
20-Day Prediction
+2.27%
$187.31
95% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q3 2026 | BUY | +2.69% | +2.92% | +2.27% | 100.0% | Pending |
| Q2 2026 | SELL | -4.06% | -5.76% | -8.06% | 100.0% | Pending |
| Q1 2026 | BUY | +2.42% | +3.35% | +2.73% | 100.0% | +1.14% |
| Q4 2025 | BUY | +2.08% | +3.39% | +4.64% | 100.0% | +2.99% |
SEC 8-K filings with transcript text
Nov 2, 2026 · 100% conf.
1D
+2.69%
$188.09
Act: -1.68%
5D
+2.92%
$188.51
20D
+2.27%
$187.31
2 d185668dex991.htm
Exhibit 99.1
SBA Communications Corporation Reports Third Quarter 2026 Results;
Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
Boca Raton, Florida, November 2, 2026 (BUSINESS NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended September 30, 2026.
Highlights of the third quarter include:
•
Net income attributable to SBA of $231.3 million or $2.19 per share
•
Industry-leading AFFO per share of $3.19
•
Repurchased 1.7 million shares throughout the quarter
•
Established a $2.5 billion commercial paper program
•
Sold all towers in Chile and Ecuador and entered into an agreement to sell all towers in Peru
In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $1.25 per share of the Company’s Class A Common Stock. The distribution is payable December 10, 2026 to the shareholders of record at the close of business on November 12, 2026.
“Demand for our tower assets remains strong as wireless carriers continue to expand and upgrade their networks,” commented Brendan Cavanagh, President and Chief Executive Officer. “Mobile data traffic continues to grow, and meeting that demand requires more equipment on more towers. Looking ahead, we are excited about the next wave of network investment. The upper C-band auction, a growing pipeline of new spectrum and the industry’s move toward 6G is expected to drive new deployments on our sites, and we are seeing new opportunities from satellite and edge compute providers that value the reach and infrastructure of our portfolio. Internationally, we continued to sharpen our focus, agreeing to sell our towers in three South American markets, completing our exit from the region outside of Brazil, while more than doubling our new tower builds in the markets where we have scale. Our investment grade balance sheet gives us the flexibility to keep investing in our portfolio while also returning capital through share repurchases. Since our last earnings release, we have bought back $300 million of our stock, reflecting our confidence in the business and our belief that our shares represent great value. With high-quality assets and a talented team, SBA is well positioned for the future.”
1
Operating Results
The table below details select financial results for the three months ended September 30, 2026 and comparisons to the prior year period.
$
$
$
% Change
excluding
$ Change
% Change
Consolidated
($ in millions, except per share amounts)
Site leasing revenue
$ 665.4
$ 656.4
$ 9.0
1.4%
0.4%
Site development revenue
48.5
75.9
(27.4 )
(36.0%)
(36.0%)
Site leasing segment operating profit (2)
531.7
529.1
2.6
0.5%
(0.4%)
Tower cash flow (1)
526.9
526.4
0.5
0.1%
(0.8%)
Net cash interest expense
118.9
114.6
4.3
3.8%
4.0%
Net income (3)
232.4
240.4
(8.0 )
(3.3%)
7.3%
Earnings per share — diluted
2.19
2.20
(0.01 )
(0.6%)
9.0%
Adjusted EBITDA (1)
488.1
493.3
(5.2 )
(1.1%)
(1.9%)
337.3
354.9
(17.6 )
(5.0%)
(6.2%)
AFFO per share (1)
3.19
3.30
(0.11 )
(3.3%)
(4.5%)
(1)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” later in this press release.
(2)
Site leasing contributed 98.0% and 97.5% of the Company’s total operating profit in the third quarter of 2026 and 2025, respectively.
(3)
Net income includes a $1.6 million loss and $25.5 million gain, net of taxes, on the currency-related remeasurement of intercompany loans with foreign subsidiaries which are denominated in a currency other than the subsidiaries’ functional currencies for the third quarter of 2026 and 2025, respectively.
The table below details select financial results by segment for the three months ended September 30, 2026 and comparisons to the prior year period.
$
$
$
% Change
excluding
$ Change
% Change
FX
($ in millions)
Domestic site leasing revenue
$ 454.4
$ 470.2
$ (15.8 )
(3.4%)
(3.4%)
Domestic cash site leasing revenue (1)
453.6
470.8
(17.2 )
(3.7%)
(3.7%)
Domestic site leasing segment operating profit
382.6
400.0
(17.4 )
(4.4%)
(4.4%)
Domestic site leasing tower cash flow (1)
380.6
398.8
(18.2 )
(4.6%)
(4.6%)
Int’l site leasing revenue
211.0
186.2
24.8
13.3%
9.8%
Int’l cash site leasing revenue (1)
207.4
184.0
23.4
12.7%
9.2%
Int’l site leasing segment operating profit
149.1
129.1
20.0
15.5%
11.9%
Int’l site leasing tower cash flow (1)
146.3
127.6
18.7
14.7%
11.0%
(1)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” later in this press release.
2
The table below details key margins for the three months ended September 30, 2026 and comparisons to the prior year period.
Tower Cash Flow Margin (1)
79.7%
80.4%
Adjusted E
Aug 3, 2026 · 100% conf.
1D
-4.06%
$172.26
Act: +4.66%
5D
-5.76%
$169.20
20D
-8.06%
$165.07
2 d154311dex991.htm
Exhibit 99.1
SBA Communications Corporation Reports Second Quarter 2026 Results;
Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
Boca Raton, Florida, August 3, 2026 (BUSINESS NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended June 30, 2026.
Highlights of the second quarter include:
•
Net income attributable to SBA of $198.8 million or $1.87 per share
•
Industry-leading AFFO per share of $3.05
•
Issued inaugural $3.5 billion investment grade senior notes and entered into a new expanded $2.5 billion senior unsecured revolving credit facility subsequent to quarter end
•
Ratings upgrade from S&P to BBB
In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $1.25 per share of the Company’s Class A Common Stock. The distribution is payable September 17, 2026 to the shareholders of record at the close of business on August 20, 2026.
“We had another solid quarter, with financial and operating results in line with our expectations,” commented Brendan Cavanagh, President and Chief Executive Officer. “Carrier activity remained steady, with our customers both upgrading sites and expanding their networks through new colocations. With Auction 115 around the corner, we’re excited about future network deployments and partnering with our customers to cement the U.S. as a leader in wireless connectivity and 6G. In the second quarter, we saw increased new tower construction as we ramped up efforts in Central America building sites for Millicom and others. We expect to continue seeing this production grow steadily throughout the year. Our balance sheet got even stronger as we completed our first investment grade bond offering, issuing $3.5 billion of senior unsecured notes, meaningfully reducing the amount of secured debt and laying a solid foundation for future financings. We also replaced our prior secured revolving credit facility with a new $2.5 billion unsecured revolving credit facility. With our enhanced liquidity and investment grade balance sheet, we expect to continue growing our dividend at the highest growth rate in the industry while investing in our portfolio and incremental shareholder returns through stock repurchases. We ended the quarter with net debt to Adjusted EBITDA of 6.4x, in the middle of our target range of 6.0x to 7.0x, leaving us plenty of capacity to do both.”
1
Operating Results
The table below details select financial results for the three months ended June 30, 2026 and comparisons to the prior year period.
$ Change
% Change
% Change excluding
Consolidated
($ in millions, except per share amounts)
Site leasing revenue
$ 663.9
$ 631.8
$ 32.1
5.1 %
3.0 %
Site development revenue
51.4
67.2
(15.8 )
(23.5 %)
(23.5 %)
Site leasing segment operating profit (2)
529.8
513.2
16.6
3.2 %
1.5 %
Tower cash flow (1)
524.9
511.2
13.7
2.7 %
0.9 %
Net cash interest expense
122.1
111.5
10.6
9.5 %
9.8 %
Net income (3)
196.5
225.7
(29.2 )
(12.9 %)
(5.2 %)
Earnings per share — diluted
1.87
2.09
(0.22 )
(10.7 %)
(3.9 %)
Adjusted EBITDA (1)
483.8
475.5
8.3
1.8 %
0.0 %
324.4
342.1
(17.7 )
(5.2 %)
(7.5 %)
AFFO per share (1)
3.05
3.17
(0.12 )
(3.8 %)
(6.0 %)
(1)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” later in this press release.
(2)
Site leasing contributed 98.2% and 97.4% of the Company’s total operating profit in the second quarter of 2026 and 2025, respectively.
(3)
Net income includes an $8.0 million gain and $30.4 million gain, net of taxes, on the currency-related remeasurement of intercompany loans with foreign subsidiaries which are denominated in a currency other than the subsidiaries’ functional currencies for the second quarter of 2026 and 2025, respectively.
The table below details select financial results by segment for the three months ended June 30, 2026 and comparisons to the prior year period.
% Change
excluding
$ Change
% Change
FX
($ in millions)
Domestic site leasing revenue
$ 452.5
$ 469.8
$ (17.3 )
(3.7 %)
(3.7 %)
Domestic cash site leasing revenue (1)
450.2
467.4
(17.2 )
(3.7 %)
(3.7 %)
Domestic site leasing segment operating profit
381.0
400.4
(19.4 )
(4.8 %)
(4.8 %)
Domestic site leasing tower cash flow (1)
377.5
396.1
(18.6 )
(4.7 %)
(4.7 %)
Int’l site leasing revenue
211.4
162.0
49.4
30.5 %
22.4 %
Int’l cash site leasing revenue (1)
210.4
163.7
46.7
28.5 %
20.3 %
Int’l site leasing segment operating profit
148.8
112.8
36.0
31.9 %
24.0 %
Int’l site leasing tower cash flow (1)
147.4
115.1
32.3
28.0 %
20.1 %
(1)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” later in this press release.
2
The table below deta
Apr 29, 2026 · 100% conf.
1D
+2.42%
$221.19
Act: +2.42%
5D
+3.35%
$223.21
Act: +1.14%
20D
+2.73%
$221.86
Act: -5.26%
2 d49075dex991.htm
Exhibit 99.1
SBA Communications Corporation Reports First Quarter 2026 Results;
Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
Boca Raton, Florida, April 29, 2026 (BUSINESS NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended March 31, 2026.
Highlights of the first quarter include:
•
Net income attributable to SBA of $184.8 million or $1.74 per share
•
Industry-leading AFFO per share of $3.03
•
Increased full year 2026 outlook across all key metrics
•
Company-wide Tower Cash Flow margin of approximately 80%
In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $1.25 per share of the Company’s Class A Common Stock. The distribution is payable June 17, 2026 to the shareholders of record at the close of business on May 22, 2026.
“We had a solid start to 2026, with positive first quarter financial and operating results,” commented Brendan Cavanagh, President and Chief Executive Officer. “Carrier activity remained steady globally, as our customers continued to focus on expanding and densifying their networks, as well as upgrading sites with new spectrum bands and technologies. In addition, our domestic leasing backlogs increased during the quarter. These favorable results and positive movement in foreign exchange rates have allowed us to increase our full year outlook for each of our key financial metrics from the levels we provided in late February. During the quarter, we also continued to invest in expanding our portfolio through new tower builds across our markets, with increasing production particularly under our Central America build to suit agreement with Millicom International. We anticipate seeing this production grow steadily throughout 2026. Our balance sheet also remains strong as we ended the quarter with net debt to Adjusted EBITDA of 6.6x, in the middle of our target range of 6.0x to 7.0x, notwithstanding the full removal of all EchoStar revenue from our reported results as of the beginning of the year. Our solid operating results and strong balance sheet have allowed us to continue growing our dividend at the highest pace in the industry. Our declared second quarter dividend still only represents approximately 41% of AFFO in our 2026 outlook, leaving us with significant capital available for additional investment into the business. Our company continues to perform well, and we are excited about the rest of 2026.”
1
Operating Results
The table below details select financial results for the three months ended March 31, 2026 and comparisons to the prior year period.
$ Change
% Change
% Change excluding
Consolidated
($ in millions, except per share amounts)
Site leasing revenue
$ 656.1
$ 616.2
$ 39.9
6.5 %
4.5 %
Site development revenue
47.3
48.0
(0.7 )
(1.6 %)
(1.6 %)
Site leasing segment operating profit (1)
524.2
500.7
23.5
4.7 %
3.1 %
Tower cash flow (2)
519.0
497.8
21.2
4.3 %
2.5 %
Net cash interest expense
123.3
93.4
29.9
32.1 %
32.3 %
Net income (3)
184.9
217.9
(33.0 )
(15.1 %)
(6.7 %)
Earnings per share — diluted
1.74
2.04
(0.30 )
(14.7 %)
(4.7 %)
Adjusted EBITDA (2)
475.4
457.3
18.1
4.0 %
2.3 %
321.7
343.9
(22.2 )
(6.5 %)
(8.6 %)
AFFO per share (2)
3.03
3.18
(0.15 )
(4.7 %)
(6.9 %)
(1)
Site leasing contributed 98.5% and 98.1% of the Company’s total operating profit in the first quarter of 2026 and 2025, respectively.
(2)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” later in this press release.
(3)
Net income includes a $10.1 million gain and $36.0 million gain, net of taxes, on the currency-related remeasurement of intercompany loans with foreign subsidiaries which are denominated in a currency other than the subsidiaries’ functional currencies for the first quarter of 2026 and 2025, respectively.
The table below details select financial results by segment for the three months ended March 31, 2026 and comparisons to the prior year period.
$ Change
% Change
% Change excluding FX
($ in millions)
Domestic site leasing revenue
$ 450.3
$ 461.0
$ (10.7 )
(2.3 %)
(2.3 %)
Domestic cash site leasing revenue (1)
448.7
459.9
(11.2 )
(2.4 %)
(2.4 %)
Domestic site leasing segment operating profit
379.7
392.7
(13.0 )
(3.3 %)
(3.3 %)
Domestic site leasing tower cash flow (1)
376.5
389.5
(13.0 )
(3.3 %)
(3.3 %)
Int’l site leasing revenue
205.8
155.2
50.6
32.6 %
24.8 %
Int’l cash site leasing revenue (1)
202.0
155.0
47.0
30.3 %
22.2 %
Int’l site leasing segment operating profit
144.5
108.0
36.5
33.8 %
26.2 %
Int’l site leasing tower cash flow (1)
142.5
108.3
34.2
31.6 %
23.7 %
(1)
See the reconciliations and other disclosures under “Non-GAAP Financial Measures” la
This page provides SBA Communications Corporation (SBAC) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on SBAC's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.