--- title: "SBA Communications | 8-K: FY2026 Q2 Revenue: USD 715.27 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294734939.md" datetime: "2026-08-03T20:29:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294734939.md) - [en](https://longbridge.com/en/news/294734939.md) - [zh-HK](https://longbridge.com/zh-HK/news/294734939.md) generator: "portal-rs" --- # SBA Communications | 8-K: FY2026 Q2 Revenue: USD 715.27 M Revenue: As of FY2026 Q2, the actual value is USD 715.27 M. EPS: As of FY2026 Q2, the actual value is USD 1.87, missing the estimate of USD 1.9149. EBIT: As of FY2026 Q2, the actual value is USD 473.98 M. ### Second Quarter 2026 Financial Highlights #### Net Income and AFFO Per Share - Net income attributable to SBA Communications Corporation was $198.8 million for Q2 2026, representing a decrease from $225.7 million in Q2 2025, a -12.9% change. Excluding FX, net income decreased by -5.2%. - Adjusted Funds From Operations (AFFO) per share was $3.05 for Q2 2026, down from $3.17 in Q2 2025, a -3.8% change. Excluding FX, AFFO per share decreased by -6.0%. #### Segment Revenue - Consolidated Site Leasing Revenue was $663.9 million in Q2 2026, an increase of 5.1% from $631.8 million in Q2 2025. Excluding FX, the increase was 3.0%. - Domestic Site Leasing Revenue was $452.5 million in Q2 2026, a decrease of -3.7% from $469.8 million in Q2 2025. - International Site Leasing Revenue was $211.4 million in Q2 2026, a significant increase of 30.5% from $162.0 million in Q2 2025. Excluding FX, the increase was 22.4%. - Site Development Revenue was $51.4 million in Q2 2026, a decrease of -23.5% from $67.2 million in Q2 2025. #### Operational Metrics - Consolidated Site Leasing Segment Operating Profit was $529.8 million in Q2 2026, up 3.2% from $513.2 million in Q2 2025. Excluding FX, the increase was 1.5%. - Site leasing contributed 98.2% of SBA Communications Corporation’s total operating profit in Q2 2026. - Domestic Site Leasing Segment Operating Profit was $381.0 million in Q2 2026, down -4.8% from $400.4 million in Q2 2025. - International Site Leasing Segment Operating Profit was $148.8 million in Q2 2026, up 31.9% from $112.8 million in Q2 2025. Excluding FX, the increase was 24.0%. - Consolidated Tower Cash Flow was $524.9 million in Q2 2026, up 2.7% from $511.2 million in Q2 2025. Excluding FX, the increase was 0.9%. - Tower Cash Flow Margin was 79.5% in Q2 2026, compared to 81.0% in Q2 2025. - Adjusted EBITDA was $483.8 million in Q2 2026, up 1.8% from $475.5 million in Q2 2025. Excluding FX, Adjusted EBITDA remained flat at 0.0%. - Adjusted EBITDA Margin was 68.0% in Q2 2026, compared to 68.1% in Q2 2025. - Net Cash Interest Expense was $122.1 million in Q2 2026, an increase of 9.5% from $111.5 million in Q2 2025. Excluding FX, the increase was 9.8%. #### Cash Flow - Net cash provided by operating activities was $407.2 million for the three months ended June 30, 2026, compared to $368.1 million for the same period in 2025. - Net cash used in investing activities was - $13.7 million for the three months ended June 30, 2026, a significant decrease from - $581.0 million for the same period in 2025. - Net cash used in financing activities was - $366.7 million for the three months ended June 30, 2026, compared to - $158.3 million for the same period in 2025. - Total cash capital expenditures were $91.2 million in Q2 2026, consisting of $15.8 million in non-discretionary and $75.4 million in discretionary expenditures. #### Other Key Metrics - Total Debt was $12.8 billion as of June 30, 2026. - Net Debt was $12.4 billion as of June 30, 2026. - Net Debt to Annualized Adjusted EBITDA Leverage Ratio was 6.4x as of June 30, 2026. - SBA Communications Corporation owned or operated 46,390 communication sites as of June 30, 2026, including 17,362 in the United States and its territories and 29,028 internationally. - During Q2 2026, SBA Communications Corporation acquired 6 sites and built 109 towers. - Subsequent to quarter end, SBA Communications Corporation issued $3.5 billion in investment grade senior unsecured notes with a blended interest rate of 5.113% and a weighted average maturity of 4.9 years, and entered into a new $2.5 billion senior unsecured revolving credit facility. ### Outlook SBA Communications Corporation updated its full year 2026 outlook, projecting site leasing revenue between $2,651.0 million and $2,676.0 million, and Adjusted EBITDA between $1,920.0 million and $1,940.0 million. The company expects AFFO per share to range from $11.95 to $12.40. This outlook assumes only communication site acquisitions currently under contract, no additional stock repurchases, and specific foreign currency exchange rates. ### Related Stocks - [SBAC.US](https://longbridge.com/en/quote/SBAC.US.md) ## Related News & Research - [Bernstein Sticks to Their Hold Rating for SBA Communications (SBAC)](https://longbridge.com/en/news/296641204.md) - [SBA Communications Stock Outlook: Is Wall Street Bullish or Bearish?](https://longbridge.com/en/news/296504408.md) - [Insider Move at SBA Communications Sparks Investor Buzz](https://longbridge.com/en/news/296427762.md) - [SBA Communications Corporation to Speak at the Goldman Sachs 2026 Communacopia + Technology Conference | SBAC Stock News](https://longbridge.com/en/news/296938797.md) - [SBA Communications director George R. Krouse Jr disposes of 300 common shares for $54,802.35](https://longbridge.com/en/news/296407122.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**