American Tower reported second-quarter 2026 results with total revenue of $2,749.1 million and net income of $887.5 million, reflecting strong year-over-year improvement. Adjusted EBITDA was $1,808.2 million and AFFO attributable to common stockholders was $1,264.1 million ($2.71 per diluted share). The company cites robust global leasing demand, Data Centers strength and favorable foreign currency impacts driving raised full-year guidance.

Financial Highlights

  • Total revenue: $2,749.1 million for Q2 2026 (up 4.7% year-over-year).
  • Total property revenue: $2,687.8 million for Q2 2026 (up 6.3% year-over-year).
  • Property gross margin: $1,980 million; Property gross margin percentage: 73.7%.
  • Operating income: $1,268.8 million for Q2 2026.
  • Net income: $887.5 million for Q2 2026 (increase of 133.2% vs prior year) and net income attributable to common stockholders: $867.5 million ($1.86 per diluted share).
  • Adjusted EBITDA: $1,808.2 million; Adjusted EBITDA margin ~65.8–66%.
  • AFFO attributable to common stockholders: $1,264.1 million; AFFO per diluted share: $2.71.

Business Highlights

  • Leasing momentum: Company attributes quarter performance to robust leasing demand across its global tower portfolio and record leasing activity at CoreSite data centers.
  • Segment performance: Total tenant billings growth of 2.4% and organic tenant billings growth of 1.7% for the quarter; Data Centers reported notable outperformance contributing to overall results.
  • Capital activity: Q2 capital expenditures totaled approximately $329 million, with $47 million for non-discretionary improvements and corporate capex; full-year capex outlook $1,805–$1,915 million including 1,700–2,300 new communications sites and $695 million Data Centers development spend.
  • Portfolio changes: Completed sale of ATC Philippines and sale of controlling interest in Kirtonkhola Tower Bangladesh (KTBL) in June 2026; minor share repurchases (~0.1 million shares for ~$19 million) during the quarter.
  • Liquidity and financing: Approximately $9.9 billion total liquidity (cash ~$1.8 billion plus ~$8.2 billion available under revolvers); issued €750 million 4.000% notes due 2033 and completed selective redemptions and maturities.

Original SEC Filing:

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