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American Tower AMT Data Centers — CapEx

Other segment segments

U.S. & Canada
$80.2M+4.7%
Europe
$75.7M+24.5%
Latin America
$33.1M+1.8%
Africa & APAC
$21.9M-51.8%
Services
$0

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Other financials

Income statement

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Revenue$2.7B+4.7%
Operating income$1.3B+5.9%
Net income$887.5M+133%
EPS (diluted)$1.86+138%

Balance sheet

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Cash & equivalents$1.8B-15.1%
Total debt$45.0B+348%
Total equity$3.7B+0.2%
Total assets$63.3B-0.7%

Cash flow

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Operating cash flow$1.5B+16.0%
CapEx$320.9M+5.4%
Free cash flow$1.2B+19.3%

Valuation

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Market cap$81.29B-16.7%
Enterprise value$124.52B+18.0%
P/E23.1×-50.3×
P/S7.4×-2.1×

Profitability

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Gross margin99.5%
Operating margin44.8%-0.7pp
Net margin32.1%+19.2pp
FCF margin36.2%-0.3pp

Returns & leverage

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Return on equity94.6%+59.5pp
Debt / equity12.1×+9.4×
Current ratio0.4×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: American Tower’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Tower's data centers — capex?
American Tower (AMT) reported data centers — capex of $115.3M in Q2 2026.
How has American Tower's data centers — capex changed year-over-year?
American Tower's data centers — capex increased by 21.4% year-over-year, from $95M to $115.3M.
What is the long-term trend for American Tower's data centers — capex?
Over 4 years (2021 to 2025), American Tower's data centers — capex has grown at a 303.9% compound annual growth rate (CAGR), from $2.5M to $665.2M.
What does data centers — capex mean?
This metric measures the cash outflows used to acquire, upgrade, or maintain physical data center assets, including power capacity expansions and facility improvements. It reflects the company's commitment to growing its digital infrastructure capacity to meet demand for cloud and edge computing. Monitoring this figure is essential for assessing the company's growth strategy and the efficiency of its capital deployment in the data center market.