American Tower declines due to weak revenue guidance for 2026

LootboxPhobia · 2026-02-24T15:39:44+00:00

American Tower Corporation's Q4 results exceeded expectations, but the 2026 revenue guidance was below Wall Street forecasts, leading to a decline in stock price. The company's adjusted earnings per share were $1.75, with revenue of $2.74 billion, and property income grew by 7.6%. The CEO stated that leasing demand remains strong, but expects property income in 2026 to be below market expectations.

LootboxPhobia

2026-02-24 15:39:44

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Boston - On Tuesday, American Tower Corporation (NYSE:AMT) reported fourth-quarter results that exceeded analyst expectations, but issued a 2026 revenue guidance below Wall Street forecasts.

The company’s stock fell 1.47% in pre-market trading after the announcement.

The telecommunications infrastructure company posted adjusted earnings of $1.75 per share, beating the consensus estimate of $1.47 by $0.28.

Revenue reached $2.74 billion, surpassing the analyst estimate of $2.68 billion and up 7.5% year-over-year. Total property revenue increased 7.6% year-over-year to $2.67 billion.

However, American Tower’s 2026 outlook disappointed investors.

The company expects full-year property revenue between $10.44 billion and $10.59 billion, with a midpoint of $10.515 billion, significantly below the consensus estimate of $10.959 billion.

This guidance represents a roughly 2% increase in midpoint compared to 2025 performance.

CEO Steven Vondran stated, “We had another strong year, with adjusted per-share AFFO growing in the high single digits, while continuing to execute our strategy. Demand for our global tower portfolio and data center leasing remains robust, driven by ongoing growth in mobile data consumption, continued deployment of 5G, and increased workloads related to hybrid cloud and AI.”

For the full year 2025, American Tower achieved revenue of $10.65 billion, up 5.1%, with adjusted EBITDA increasing 4.7% to $7.13 billion. Adjusted funds from operations (AFFO) attributable to common shareholders grew 2.2% to $5.04 billion, or $10.76 per share.

The company’s 2026 guidance includes adjusted EBITDA of $7.09 billion to $7.16 billion, and AFFO per share of $10.78 to $10.95. American Tower expects to invest $1.8 billion to $1.9 billion in capital expenditures, including the construction of 1,700 to 2,300 communication sites worldwide.

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