SBAC · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 53 · Surprise 48 · In source text
Six-month revenue increased 2.2% year over year to $1.419 billion, or 2.2% on a constant-currency basis, as international site leasing growth offset domestic and site development declines. International site leasing revenue rose $100.1 million, or 23.6% on a constant-currency basis, driven by 7,133 acquired towers, including 7,110 from the Millicom transaction, and 624 towers built since January 1, 2025. Domestic site leasing revenue fell $28.1 million, or 3.0%, primarily because of Sprint, EchoStar, and other lease non-renewals, while site development revenue declined $16.6 million, or 14.4%, due to decreased carrier activity. Brazil represented 14.0% of total site leasing revenue for the six-month period, and no other individual international market exceeded 5%.
Key facts
- For the three months ended June 30, 2026, total revenues were $715,274 (thousands) vs $698,981 (thousands) prior year, a constant-currency change of $3,145 (thousands) or 0.4%. source
- For the six months ended June 30, 2026, total revenues were $1,418,712 (thousands) versus $1,363,229 (thousands) prior year, a constant-currency increase of $30,131 (thousands) or 2.2%. source
- For the three months ended June 30, 2026, international site leasing revenue was $211,437 (thousands) vs $161,981 (thousands) for the prior year period, a constant-currency increase of $36,308 (thousands) or 22.4%. source
- For the three months ended June 30, 2026, site development revenue was $51,389 (thousands) vs $67,193 (thousands) for the prior year period, a decrease of $15,804 (thousands) or 23.5%. source
- For the three months ended June 30, 2026, domestic site leasing revenue was $452,448 (thousands) vs $469,807 (thousands) for the prior year period, a decrease of $17,359 (thousands) or 3.7%. source
- Net income for the three months ended June 30, 2026 was $196,470 (thousands) versus $225,694 (thousands) prior year, a decrease of $29,224 (thousands) or 12.95%; on a constant currency basis net income decreased $10,221 (thousands) or 5.2%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +70.7% | For the three months ended June 30, 2026, international site leasing revenue was $211,437 (thousands) vs $161,981 (thousands) for the… |
| revenue | positive | realized | +58.6% | For the six months ended June 30, 2026, total revenues were $1,418,712 (thousands) versus $1,363,229 (thousands) prior year, a… |
| net_income | negative | realized | -56.9% | Net income for the three months ended June 30, 2026 was $196,470 (thousands) versus $225,694 (thousands) prior year, a decrease of $29,224… |
| revenue | negative | realized | -33.8% | For the three months ended June 30, 2026, domestic site leasing revenue was $452,448 (thousands) vs $469,807 (thousands) for the prior… |
| revenue | negative | realized | -30.8% | For the three months ended June 30, 2026, site development revenue was $51,389 (thousands) vs $67,193 (thousands) for the prior year… |
| revenue | positive | realized | +6.1% | For the three months ended June 30, 2026, total revenues were $715,274 (thousands) vs $698,981 (thousands) prior year, a constant-currency… |