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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Ric Prentiss | Raymond James | 11 | 0% |
| Mike Rollins | Citigroup | 9 | 0% |
| Jim Schneider | Goldman Sachs | 8 | 0% |
| Nick Deo | MoffettNathanson | 8 | 0% |
| Batya Levi | UBS | 7 | 0% |
| Eric Luebchow | Wells Fargo | 6 | 0% |
| Brendan Lynch | Barclays | 6 | 0% |
| Rick Choe | JPMorgan | 5 | 20% |
| Ben Swinburne | Morgan Stanley | 5 | 0% |
| Ari Klein | BMO Capital Markets | 4 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Raymond James | 1 | 11 | 0% |
| Citigroup | 1 | 9 | 0% |
| Goldman Sachs | 1 | 8 | 0% |
| MoffettNathanson | 1 |
| 8 |
| 0% |
| UBS | 1 | 7 | 0% |
| Morgan Stanley | 2 | 6 | 0% |
| Wells Fargo | 1 | 6 | 0% |
| Barclays | 1 | 6 | 0% |
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.
Demand | Revenue Growth | Capital Allocation | M&A | Regulation Policy | Credit | Competitive Dynamics | Cloud & AI | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 7 | 2 | 1 | 2 | 2 | 3 | 2 |
| 2025Q1 | 10 | 8 | 1 | 2 | 2 | 2 | ||
| 2025Q2 | 7 | 5 | 2 | 3 | 2 | 1 | 2 | 1 |
| 2025Q3 | 13 | 11 | 2 | 4 | 4 | 2 | 1 | |
| 2025Q4 | 5 | 6 | 1 | 1 | 1 | 2 | ||
| 2026Q1 | 3 | 2 | 6 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 10 | 7 | 13 | 5 | 3 |
| Revenue Growth | 7 | 8 | 5 | 11 | 6 | 2 |
| Capital Allocation | 2 | 1 | 2 | 2 | 1 | 6 |
| M&A | 1 | 2 | 3 | 4 | 1 | 3 |
| Regulation Policy | 2 | 2 | 2 | 4 | 1 | |
| Credit | 2 | 1 | 2 | 2 | ||
| Competitive Dynamics | 3 | 2 | 2 | |||
| Cloud & AI | 2 | 1 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SBAC SBA Communications | 7 | +5.9% | |
| AMT American Tower | 6 | +6.8% | |
| CCI Crown Castle | 3 | -4.8% | |
| EQIX Equinix | 8 | +9.8% | |
| IRM Iron Mountain | 9 | +21.6% | |
| WY Weyerhaeuser | 5 | -2.0% |