Crown Castle (CCI)
NYSE:CCI
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Earnings Data
Report Date
Jul 22, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call contained a mix of positive operational and financial developments — reiteration of full-year guidance, solid organic growth (3.1%–3.6% depending on exclusions), a $65 million annualized cost savings from restructuring, planned $1B buybacks and $7B debt paydown from the anticipated sale, and a clear strategic focus on land ownership and systems investment to drive margins. Offsetting these positives are significant near-term headwinds tied to the DISH contract default ($49M revenue impact in the quarter) and related legal uncertainty that could take a year or more to resolve, additional one-time revenue offsets (Sprint cancellations and $26M straight-line revenue decrease), and transition risks from separating the small cell and fiber businesses. On balance, the company maintained its guidance, has defined capital allocation to deleverage and return capital, and announced tangible cost savings — while the DISH dispute and transition timing present meaningful risks. Overall the highlights moderately outweigh the lowlights given maintained guidance, solid organic growth, and concrete deleveraging and cost-saving plans, though investors should continue to monitor DISH litigation outcomes and near-term seasonality of costs.Company Guidance
Guidance Reiterated and Stable Full-Year Outlook
Management reiterated full-year 2026 guidance and kept the outlook unchanged despite portfolio separations and DISH issues. At the midpoint they expect site rental revenues of ~ $3.9 billion, adjusted EBITDA of ~ $2.7 billion and AFFO of ~ $1.9 billion.
Solid Organic Growth
First-quarter organic growth (excluding Sprint cancellations and DISH terminations) was 3.1% (~$30 million). Organic growth rises to 3.3% if prior-year DISH revenues are excluded and to 3.6% when excluding decreases in other billings.
Material Cost Savings from Restructuring
Completed a tower and corporate restructuring that is expected to reduce annualized run-rate costs by $65 million. Management also referenced a ~20% staffing reduction that contributed to near-term cost savings.
Planned Capital Allocation from Small Cell & Fiber Sale
Assuming the small cell and fiber sale closes on June 30, management plans to allocate approximately $1 billion to share repurchases and approximately $7 billion to repay debt, with a target leverage range of 6.0x–6.5x post-close.
Strong Liquidity and Investment-Grade Focus
Ended the quarter with significant liquidity and flexibility; management expects to preserve investment-grade rating after the disposal and deleveraging actions.
Strategic Investments and Longer-Term Margin Opportunities
Management is increasing capital spending to buy land under towers and to invest in systems/automation. They target growing owned-land percentage (currently ~30%) toward 30%–40% over several years and expect meaningful margin improvement from land ownership and platform automation (management cited potential well over 200 basis points of additional margin improvement beyond recent reductions over the multi-year horizon).
AFFO Run-Rate Post-Transaction
Management reiterated a 12-month AFFO outlook following the anticipated sale with a midpoint of $2.1 billion, indicating expected cash generation improvement once the transaction closes and deleveraging occurs.
Modest Interest Expense Relief and Seasonal Cost Benefits
First-quarter results benefitted from a modest decrease in interest expense due to lower-than-anticipated short-term borrowing rates and timing-related reductions in repair & maintenance, sustaining CapEx and other non-labor costs (management expects these costs to re-occur later in the year).
CCI Earnings History
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
CCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $86.01 | $87.52 | +1.76% |
Feb 04, 2026 | $85.05 | $77.40 | -8.99% |
Oct 22, 2025 | $95.37 | $95.92 | +0.58% |
Jul 23, 2025 | $105.92 | $109.95 | +3.81% |
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 Crown Castle (CCI) report earnings?
Crown Castle (CCI) is schdueled to report earning on Jul 22, 2026, After Close (Confirmed).
What is Crown Castle (CCI) earnings time?
Crown Castle (CCI) earnings time is at Jul 22, 2026, 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 CCI EPS forecast?
CCI EPS forecast for the fiscal quarter 2026 (Q2) is 0.39.