SBAC · 10-Q · 2026Q2 · Full report

Gross Margin Drivers

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 42 · Surprise 14 · Matches filing data

Six-month total cost of revenues increased $21.6 million, or 6.6%, to $347.3 million, exceeding the 2.2% revenue growth rate. International site leasing cost of revenues increased $27.6 million, or 28.6%, as the company incurred incremental costs associated with acquired and newly built towers. Site development cost of revenues decreased $10.4 million, or 11.3%, but site development operating profit still fell because construction costs increased as a percentage of revenue. Domestic site leasing cost of revenues rose $4.4 million, or 3.2%, while domestic operating profit declined 4.1% because of lease non-renewals.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
operating_incomepositiverealized+45.4%For the three months ended June 30, 2026, asset impairment and decommission costs were $22,566 (thousands) versus $45,231 (thousands)…