SBA Communications Corp (SBAC) Financials
Key financial figures for SBA Communications Corp (Q2 2026).
SBA Communications reported Q2 2026 net income attributable to SBA of $198.8 million ($1.87 diluted EPS) and industry-leading AFFO per share of $3.05, driven by 30.5% international site leasing revenue growth that offset a 3.7% domestic decline. Site leasing revenue of $663.9 million (+5.1% YoY); site development revenue fell 23.5% YoY to $51.4 million on lower discretionary construction spend. International site leasing revenue surged 30.5% YoY to $211.4 million while domestic site leasing revenue declined 3.7% YoY to $452.5 million, continuing the geographic mix shift toward Central America and Brazil. AFFO per share of $3.05, down 3.8% YoY; Adjusted EBITDA of $483.8 million (+1.8% YoY); net income attributable to SBA of $198.8 million ($1.87 diluted EPS), down from $225.7 million ($2.09) a year ago. On the outlook: Raised FY2026 outlook: site leasing revenue $2,651.0 to $2,676.0 million, total revenues $2,841.0 to $2,886.0 million, Adjusted EBITDA $1,920.0 to $1,940.0 million, AFFO $1,270.0 to $1,318.0 million, AFFO per share $11.95 to $12.40. Figures are for Q2 2026, as SBA Communications Corporation reported them.
- Revenue
- $715M
- Net Income
- $196M
- EPS
- $1.87
- Total Assets
- $11.7B
- Operating Cash Flow
- $407M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $715M | $199M | $1.87 | 60.57% | $345M |
| Q1 FY2026 | $703M | $185M | $1.74 | 48.74% | $207M |
| Q4 FY2025 | $720M | $370M | $3.47 | 42.78% | $241M |
| Q3 FY2025 | $732M | $237M | $2.21 | 51.09% | $258M |
| Q2 FY2025 | $699M | $226M | $2.09 | 47.9% | $312M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.8B | $1.1B | $9.80 | 48.67% | $1.1B |
| FY2024 | $2.7B | $750M | $6.94 | 53.58% | $1.1B |
| FY2023 | $2.7B | $502M | $4.61 | 34.06% | $1.3B |
Frequently asked questions
What was SBA Communications Corporation's revenue last quarter?
SBA Communications Corporation reported revenue of $715.3 million for Q2 FY2026, up 2.3% from the same period a year earlier.
Is SBA Communications Corporation profitable?
Yes. SBA Communications Corporation reported net income of $198.8 million for Q2 FY2026, a net margin of 27.79% on revenue.
How has SBA Communications Corporation's margin trended?
Operating margin was 60.57% in Q2 FY2026, compared with 47.9% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did SBA Communications Corporation generate?
SBA Communications Corporation generated free cash flow of $344.8 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for SBA Communications Corp on SentiSense, with up to forty quarters and twenty fiscal years of history.