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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for SBA Communications (SBAC) is 7/10.
Revenue grew 5.9% as SBAC raised its full-year 2026 outlook across all key metrics including AFFO per share, driven by Q1 outperformance, higher straight-line revenue, and favorable foreign exchange. The Millicom integration exceeded lease-up projections while mobile edge computing gained traction with AI inference workloads, creating a new revenue stream for tower infrastructure. Leverage remained within the target range at 6.6x net debt-to-EBITDA, and domestic backlog continued increasing steadily despite the EchoStar litigation that removed that tenant from the revenue base.
Scored from SBA Communications’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $694M | +2.8% | $1.61 | +59.4% | 77.1% | 55.1% | 25.0% | $255M |
| FY2025 Q1 | $664M | +1.0% | $2.04 | +43.7% | 75.8% | 50.4% | 33.2% | $255M |
| FY2025 Q2 | $699M | +5.8% | $2.09 | +38.4% | 74.5% | 47.9% | 32.3% | $312M |
| FY2025 Q3 | $732M | +9.7% | $2.21 | -7.9% | 74.1% | 51.1% | 32.3% | $258M |
| FY2025 Q4 | $720M | +3.7% | $3.47 | +115.5% | 30.6% | 42.8% | 51.5% | $241M |
| FY2026 Q1 | $703M | +5.9% | $1.74 | -14.7% | 75.6% | 48.7% | 26.3% | $207M |
| FY2026 Q2 | $715M | +2.3% | $1.87 | -10.5% | 75.4% | 60.6% | 27.8% | $345M |