SBAC · 10-Q · 2026Q2 · Full report

Customer Dynamics

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 50 · Surprise 24 · In source text

Domestic site leasing revenue declined because of lease non-renewals involving Sprint, EchoStar, and other customers, partially offset by contractual escalators, new leases, amendments, and recently acquired or constructed towers. SBA expects elevated churn through 2026, with domestic cash site leasing revenue churn of approximately $132.0 million to $136.0 million due in part to Sprint and EchoStar. International churn is expected to represent approximately $36.0 million to $40.0 million of cash site leasing revenue, due in part to Oi wireline churn. Site development activity also weakened because of decreased carrier activity.

Key facts

• We currently expect domestic churn to represent an aggregate of between $132.0 million and $136.0 million of cash site leasing revenue in 2026 due in part to Sprint and EchoStar churn. source
• We currently expect international churn to represent an aggregate of between $36.0 million and $40.0 million of cash site leasing revenue in 2026 due in part to Oi wireline churn. source
• For the six months ended June 30, 2026, domestic site leasing revenues decreased $28.1 million versus prior year, primarily due to Sprint, EchoStar, and other lease non-renewals, partially offset by revenues from 29 towers acquired and 41 towers built since January 1, 2025. source

Impact estimates