SBA Communications owns and operates wireless communications infrastructure, primarily cell towers and related sites that it leases to mobile network operators. Revenue comes chiefly from long-term lease agreements rather than selling equipment or airtime. As a tower-focused landlord, it serves carriers that need shared antenna real estate to expand coverage and capacity without owning the structures themselves.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 664.3 | — | 220.7 | 20.8% |
| Q2 2025 | 699 | — | 225.8 | -1.3% |
| Q3 2025 | 732.3 | — | 236.8 | -2.1% |
| Q4 2025 | 719.6 | — | 370.3 | 47.8% |
| Q1 2026 | 703.4 | 5.9% | 184.8 | -16.3% |
| Q2 2026 | 715.3 | 2.3% | 198.8 | -12% |
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