Sba Communications (SBAC)
NASDAQ:SBAC
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.78Last Year’s EPS
1.77Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced view: operational and financial positives including solid AFFO, dividend growth, meaningful share repurchases, services momentum, Millicom integration and investment-grade ratings, but these were counterbalanced by material near-term headwinds — EchoStar bad debt, DISH default and litigation, elevated Sprint and international churn and some moderation in services guidance. Management provided constructive multi-year growth assumptions and actions to address capital structure and asset integration, while acknowledging short-term revenue and legal risks.Company Guidance
AFFO and Quarterly Dividend Growth
AFFO per share of $3.19 in Q4 2025; cash dividend of $1.11 per share in Q4, a 13% increase versus Q4 2024; Board declared Q1 2026 dividend of $1.25 (≈13% year-over-year increase vs Q1 2025) and ~41% of the midpoint of full-year AFFO outlook.
Strong Services Performance and Backlog
Services revenue increased ~13% in Q4 versus prior year driven by construction/network expansion projects; company guiding services revenue of $190M–$210M for 2026 with backlogs supportive of continuous carrier activity.
Material Share Repurchases and Remaining Authorization
Spent $213M in Q4 to retire 1.1M shares at an average price of $191.07; total repurchases in 2025 of $500M for 2.5M shares; $1.1B remaining on buyback authorization, and management views buybacks as a key shareholder-value tool.
Operational Lease Activity
Domestic additions of ~ $10M in new leases and amendment billings in Q4; international additions of ~ $6M in new leases/amendments in Q4, with continued colocation demand as carriers densify and expand networks.
International Expansion and Millicom Integration
Outlook reflects full-year contribution from Millicom Central America sites; active integration work underway and ramped new-build program positioning SBA as a leading independent tower operator in Central America.
Balance Sheet and Capital Markets Progress
Paid off $750M of ABS debt in January using revolver; plan to pay down outstanding revolver with free cash flow; assuming November 2026 ABS refinance at 5.25% and targeting inaugural investment-grade bond in 2026; achieved investment-grade ratings from two major agencies and maintained ~6–7x leverage range over last 3 years.
Brazil and Longer-Term Growth Opportunities
Brazil portfolio >12,000 sites with a long-term opportunity (Brazil ~4 sites/10k people vs U.S. ~16/10k) for densification and spectrum-driven demand; management expects international to grow faster than domestic over time.
Strategic Land Acquisition under Millicom Assets
Purchased land under ~3,900 Guatemala sites as part of Millicom assets at a mid-single-digit multiple; transaction described as immediately accretive and derisking the underlying site portfolio.
SBAC 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
SBAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $190.87 | $199.80 | +4.68% |
Nov 03, 2025 | $191.15 | $193.80 | +1.38% |
Aug 04, 2025 | $226.45 | $215.40 | -4.88% |
Apr 28, 2025 | $218.40 | $233.29 | +6.82% |
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 (SBAC) report earnings?
Sba Communications (SBAC) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Sba Communications (SBAC) earnings time?
Sba Communications (SBAC) earnings time is at May 04, 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 2026 (Q1) is 1.78.