SBA Communications Corporation · SBAC · Next earnings

SBA Communications Corporation reports Monday, Nov 2, 2026

SBAC reports after market close with consensus EPS at $2.08 and revenue at $724.4M. Last quarter: SBAC Beats Revenue, Misses EPS, Raises Full-Year Guidance on 5G and Edge Compute Strength

Reports After market close43 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $2.08 Calendar consensus
Consensus revenue $724.4M Calendar consensus
Report date Nov 2, 2026 Monday, date estimated
Session After market close 43 days away

Where SBAC left off: FY2026 Q1

Full report

SBAC Beats Revenue, Misses EPS, Raises Full-Year Guidance on 5G and Edge Compute Strength

EPS surprise -2.2% Reported $1.74 vs $1.78
Revenue surprise +1.0% Reported $703.4M vs $696.2M
Stock move +2.4% Event window
Subsequent drift -8.2% Up to 20 sessions

Guidance sentiment improved from 'maintained' in Q4 2025 to 'raised' in Q1 2026. Management lifted the full-year outlook for revenue, adjusted EBITDA, AFFO, and dividend, signaling confidence in the leasing pipeline and international growth trajectory. The prior quarter had assumed stable domestic lease growth with modest international expansion and declining churn; the raised guidance suggests these assumptions are tracking ahead of plan.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Elevated international churn due to carrier consolidations and restructurings, particularly in Brazil
  • Ongoing litigation with EchoStar over contract rights, creating financial and operational uncertainty
  • Dependence on carrier capital expenditure cycles for 5G densification and new tower builds
  • Potential market volatility affecting the timing and pricing of the planned investment-grade bond issuance
  • Speculative PE takeover rumors creating shareholder uncertainty and potential strategic distraction

Questions analysts left open

  • Size and sustainability of the domestic leasing backlog and whether colocation growth can persist
  • Balance between leverage management, share buybacks, and rising capital expenditures including edge compute
  • Timing and material P&L impact of edge compute investments — whether the opportunity is near-term or aspirational
  • Valuation details of the Guatemala land purchase and whether the ~7x cap rate is accretive
  • Potential for a private-equity takeover and its effect on corporate strategy and public shareholder value

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Recent SBAC quarters

All SBAC earnings
+2.4%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.