Filing Flows › American Tower (AMT) › Q1 2026
American Tower (AMT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
American Tower (AMT) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and 0% from the quarter before. Operating margin was 45.3%, net earnings $860M (31.4% of revenue).
American Tower, Q1 2026: revenue $2.7B (+7% year over year), operating margin 45.3%, net earnings $860M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | 0% | +7% |
| Operating profit | $1.2B | +7% | -1% |
| Net earnings | $860M | +5% | +76% |
| Operating cash flow | $1.4B | -2% | +8% |
| Free cash flow | $951M | +12% | -1% |
What changed
Revenue was $2.7B in Q1 2026, up 7% year over year and roughly flat from the previous quarter. U.S. & Canada was the largest line at 49% of revenue. Latin America added $0.08B year over year (up 20%), 46% of the total change. U.S. & Canada declined 3%.
Operating profit was $1.2B, a 45.3% margin (down 3.7 points year over year). Operating profit fell $0.01B even though revenue rose $0.17B versus Q1 2025, so costs grew faster than sales. Total costs grew 14% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $0.86B, up 76% year over year. The effective tax rate was 13.7%.
Operating cash flow was $1.4B (up 8% year over year), 159% of net income including minority interests. Non-cash charges added back $0.52B of depreciation and amortization and $0.06B of share-based compensation. Capital expenditures of $0.45B left free cash flow of $1.0B.
Questions
What was American Tower's revenue in the first quarter 2026?
American Tower (AMT) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and 0% from the quarter before.
Was American Tower profitable in the first quarter 2026?
Operating profit was $1.2B (45.3% of revenue) and net earnings $860M.
Source: American Tower 10-Q on SEC EDGAR.