American Tower Corporation earnings overview

AMT FY2026 Q1 · Calendar Q2 2026

American Tower Corporation

American Tower opened FY2026 with a decisive beat: EPS of $1.84 versus $1.60 estimated (15% surprise) and revenue of $2.74B versus $2.66B estimated (3.1% surprise). Management raised full-year guidance for revenue, EBITDA, and AFFO by roughly 1% after accounting for FX and straight-line benefits, citing $110M of FX tailwinds and $35M of accelerated non-cash straight-line revenue from Oi in Latin America. The data-center business (CoreSite) is the standout narrative: cash revenue grew roughly 17% year-over-year, with management describing an inflection point in interconnection activity that it expects to become a durable, high-margin revenue stream. The stock reacted positively, with an abnormal move of 2.3% on the event day and 3.7% subsequent drift on 1.45x baseline volume. With shares at $171.50 versus a consensus target of $208.88, the market is pricing in meaningful upside if…