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SBA Communications SBAC Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$703.4MBeat by $7.2M
EPS$1.74Miss by $0.20
Revenue estimate$696.2M
EPS estimate$1.94

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$724.6M
EPS estimate$2.07

Financials

Q1 2026

Income statement

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Revenue$703.4M+5.9%
Gross profit$664.0M+6.1%
Operating income$342.8M+2.4%
Net income$184.8M-16.3%
EPS (diluted)$1.74-14.7%

Balance sheet

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Cash & equivalents$332.5M-49.9%
Total debt$13.0B+4.3%
Total equity-$4.8B+4.4%
Total assets$11.7B+12.2%

Cash flow

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Operating cash flow$255.1M-15.3%
CapEx$48.4M+4.8%
Free cash flow$206.7M-18.9%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$18.18B-23.2%
Enterprise value$30.81B-13.1%
P/E17.9×-11.2×
P/S6.4×-2.4×

Profitability

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Gross margin93%-2.0pp
Operating margin47.3%-6.6pp
Net margin35.7%+5.3pp
FCF margin35.7%-6.2pp

Returns & leverage

See full
Current ratio0.2×-0.5×

Segments

By segment

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Domestic Site Leasing Revenue$450.3M-2.3%
International Site Leasing Revenue$205.8M+32.6%
Site Development Construction$47.3M-1.6%

FAQ

When did SBA Communications report Q1 2026 earnings?
SBA Communications (SBAC) reported Q1 2026 earnings on April 29, 2026 after market close.
What were SBA Communications's Q1 2026 revenue and EPS?
SBA Communications reported revenue of $703.4M and eps of $1.74 for Q1 2026.
Did SBA Communications beat estimates in Q1 2026?
Revenue beat the consensus estimate of $696.2M by $7.2M. EPS missed the consensus estimate of $1.94 by $0.20.
How did SBA Communications's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.9% from $664.2M a year earlier and eps declined 1.7% from $1.77.
Where can I find SBA Communications's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-191545) and the 10-Q periodic report (0001034054-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.