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American Tower (AMT) capital expenditures by quarter

American Tower's capital expenditures were $407M in Q3 2026 (third quarter 2026), +27% from Q2 2026. Over the last 7 quarters it ranged from $305M (Q2 2025) to $579M (Q4 2025).

American Tower capital expenditures by quarterAmerican Tower capital expenditures by quarter$331MQ1 2025$305MQ2 2025$466MQ3 2025$579MQ4 2025$450MQ1 2026$321MQ2 2026$407MQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$407M+27%-13%
Q2 2026$321M-29%+5%
Q1 2026$450M-22%+36%
Q4 2025$579M+24%—
Q3 2025$466M+53%—
Q2 2025$305M-8%—
Q1 2025$331M——

Q3 2026 at a glance

American Tower, Q3 2026: revenue $2.8B (+2% year over year), operating margin 45.6%, net earnings $766M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is American Tower's capital expenditures?

American Tower's capital expenditures were $407M in Q3 2026 (third quarter 2026), +27% from Q2 2026.

How has American Tower's capital expenditures changed?

Over the last 7 quarters it ranged from $305M (Q2 2025) to $579M (Q4 2025).

Q3 2026 results → · How American Tower makes money →