The earnings call presented a positive outlook with strong performance in the U.S. and successful international expansion through the Millicom acquisition. However, challenges remain in Brazil with customer Oi and anticipated churn from Sprint consolidations. The increase in guidance and positive developments in spectrum auctions, along with a credit rating upgrade, bolster the overall positive sentiment.

Company Guidance

During SBA's Second Quarter 2025 Earnings Conference Call, the company provided updated guidance, reflecting positive performance and future expectations. The call highlighted an increase in full-year guidance across all key metrics, including site leasing revenue, tower cash flow, adjusted EBITDA, AFFO, and AFFO per share, driven by better-than-expected results and strategic acquisitions. Notably, the company raised its full-year services revenue guidance by nearly 20%, primarily due to accelerated construction services in the U.S. The guidance also took into account the early acquisition of Millicom towers, strengthening SBA's position in Central America. Despite challenges such as expected churn from Sprint consolidation and international issues with Oi in Brazil, the company maintained a positive outlook, supported by network investment trends, including carrier activities in the U.S. and international markets, as well as favorable developments in spectrum auctions.

Strong U.S. Performance and Increased Guidance

The U.S. business performed well, leading to an increase in full-year guidance across all key metrics. Domestic organic leasing revenue growth was 5% on a gross basis year-over-year.

International Expansion and Millicom Acquisition

Acquired 4,329 sites for $563 million, primarily from Millicom in Guatemala and Panama. This acquisition enhances strategic positioning in Central America.

Service Business Surge

The services business outperformed expectations, leading to a 20% increase in full-year services revenue guidance.

Positive Developments in Spectrum Auction

Reinstatement of the FCC's spectrum auction authority and the identification of 800 megahertz of spectrum to be auctioned are positive developments for future growth.

S&P Credit Rating Upgrade

S&P upgraded SBA's corporate credit rating to BBB investment-grade rating, reflecting stable and predictable cash flows.

SBA Communications (SBAC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SBAC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	2.18 / -	2.4	―	―	―
Aug 04, 2025	2025 (Q2)	2.13 / 2.09	1.51	38.41% (+0.58)	―
Apr 28, 2025	2025 (Q1)	2.14 / 1.77	1.42	24.65% (+0.35)
Feb 24, 2025	2024 (Q4)	2.07 / 1.61	1.01	59.41% (+0.60)
Oct 28, 2024	2024 (Q3)	2.26 / 2.40	0.8	200.00% (+1.60)
Jul 29, 2024	2024 (Q2)	2.15 / 1.51	1.87	-19.25% (-0.36)
Apr 29, 2024	2024 (Q1)	1.17 / 1.42	0.92	54.35% (+0.50)
Feb 26, 2024	2023 (Q4)	1.37 / 1.01	0.94	7.45% (+0.07)
Nov 02, 2023	2023 (Q3)	1.17 / 0.80	0.91	-12.09% (-0.11)
Jul 31, 2023	2023 (Q2)	1.22 / 1.87	0.64	192.19% (+1.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SBAC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$229.26	$218.07	-4.88%
Apr 28, 2025	$221.11	$236.18	+6.82%
Feb 24, 2025	$209.69	$215.92	+2.97%
Oct 28, 2024	$235.33	$227.30	-3.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SBA Communications Corporation (SBAC) report earnings?

SBA Communications Corporation (SBAC) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).

What is SBA Communications Corporation (SBAC) earnings time?

SBA Communications Corporation (SBAC) earnings time is at Nov 03, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SBAC EPS forecast?

SBAC EPS forecast for the fiscal quarter 2025 (Q3) is 2.18.

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