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SBA Communications Corporation (SBAC)
NASDAQ:SBAC
US Market
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SBA Communications (SBAC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 25, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
3.79
Last Year’s EPS
1.61
Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 03, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The call highlighted strong financial and operational results with significant achievements such as the Verizon agreement and share repurchase program. However, there are challenges, particularly with churn and the impact of delayed acquisitions. The sentiment leans towards the positive side due to numerous strategic accomplishments and strong business performance.
Company Guidance
During the SBA Third Quarter 2025 Earnings Conference Call, the company provided several key metrics and updates regarding its financial performance and strategic initiatives. SBA reported an 81% increase in services revenue for Q3, primarily from construction-related projects, and raised its full-year site development revenue outlook by $20 million. The company completed the acquisition of Central American assets from Millicom, although regulatory delays affected site leasing revenue by $4 million and total cash flow by $3 million. SBA also announced a new long-term agreement with Verizon to support network modernization, ensuring a steady growth trajectory through new deployments. The company repurchased 776,000 shares in Q3 at an average price of $196.99, with $1.3 billion remaining on its repurchase authorization. SBA's leverage is now targeted at 6 to 7 times net debt to adjusted EBITDA, and Fitch has rated SBA at BBB-, marking its second investment-grade rating. The macro environment, including increased mobile data traffic and the proliferation of 5G use cases, continues to support SBA's optimistic outlook for future growth.
Strong Services Business Performance
The services business increased revenue by 81% in Q3 compared to the prior year period, driven by construction-related projects focused on network expansion.
Millicom Acquisition and Canada Sale
Completed the final closing of Central American assets under the Millicom agreement and closed the sale of the Canadian tower business earlier than anticipated.
New Long-Term Agreement with Verizon
Entered into a long-term agreement with Verizon to support network modernization, which includes commitments for growth through new deployments across SBA's tower portfolio.
Share Repurchase Program
Spent $153 million to repurchase and retire 776,000 shares, totaling $325 million spent on repurchasing 1.6 million shares in 2025.
Investment Grade Rating from Fitch
Fitch issued a BBB- investment-grade rating for SBA, providing a second investment-grade rating and opening deeper credit market opportunities.

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

SBAC Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 25, 2026
2025 (Q4)
3.79 / -
1.61
Nov 03, 2025
2025 (Q3)
2.19 / 2.20
2.4-8.33% (-0.20)
Aug 04, 2025
2025 (Q2)
2.13 / 2.09
1.5138.41% (+0.58)
Apr 28, 2025
2025 (Q1)
2.14 / 1.77
1.4224.65% (+0.35)
Feb 24, 2025
2024 (Q4)
2.07 / 1.61
1.0159.41% (+0.60)
Oct 28, 2024
2024 (Q3)
2.26 / 2.40
0.8200.00% (+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
0.9254.35% (+0.50)
Feb 26, 2024
2023 (Q4)
1.37 / 1.01
0.947.45% (+0.07)
Nov 02, 2023
2023 (Q3)
1.17 / 0.80
0.91-12.09% (-0.11)
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
Nov 03, 2025
$192.45$195.12+1.39%
Aug 04, 2025
$227.99$216.87-4.88%
Apr 28, 2025
$219.89$234.88+6.82%
Feb 24, 2025
$208.54$214.74+2.97%
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 Feb 25, 2026, After Close (Confirmed).
    What is SBA Communications Corporation (SBAC) earnings time?
    SBA Communications Corporation (SBAC) earnings time is at Feb 25, 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 SBAC EPS forecast?
          SBAC EPS forecast for the fiscal quarter 2025 (Q4) is 3.79.
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