SBAC · 10-Q · 2026Q2 · Full report

End-Market Demand Trends

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 23 · Surprise 24

SBA expects wireless carriers to deploy additional network capacity and expand geographical coverage during the remainder of 2026. Longer-term demand is supported by increasing minutes of network use, data transfer, network expansion, and network coverage requirements. Core leasing revenue is expected to increase over 2025 levels on a currency-neutral basis, supported by contractual escalators, new and amended leases, and additional tower capacity. The company describes site leasing demand as recurring and supported by low tenant churn outside customer consolidation or technology cessations.

Key facts

• Higher interest rates have impacted, and are expected to continue to impact, our growth rate and future operating results by affecting the ability and willingness of wireless service providers to incur capital expenditures at prior levels. source