Filing Flows › American Tower (AMT) › Q2 2026
American Tower (AMT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
American Tower (AMT) reported revenue of $2.7B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +0.4% from the quarter before. Operating margin was 46.2%, net earnings $868M (31.6% of revenue).
American Tower, Q2 2026: revenue $2.7B (+5% year over year), operating margin 46.2%, net earnings $868M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +0.4% | +5% |
| Operating profit | $1.3B | +2% | +6% |
| Net earnings | $868M | +0.9% | +137% |
| Operating cash flow | $1.5B | +6% | +16% |
| Free cash flow | $1.2B | +23% | +19% |
What changed
Revenue was $2.7B in Q2 2026, up 5% year over year and roughly flat from the previous quarter. U.S. & Canada was the largest line at 49% of revenue. Africa & APAC added $0.08B year over year (up 23%), 65% of the total change. U.S. & Canada declined 5%.
Operating profit was $1.3B, a 46.2% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 58% reached operating profit, above the 46% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $0.87B, up 137% year over year. The effective tax rate was 12.1%.
Operating cash flow was $1.5B (up 16% year over year), 168% of net income including minority interests. Non-cash charges added back $0.51B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.32B left free cash flow of $1.2B.
Questions
What was American Tower's revenue in the second quarter 2026?
American Tower (AMT) reported revenue of $2.7B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +0.4% from the quarter before.
Was American Tower profitable in the second quarter 2026?
Operating profit was $1.3B (46.2% of revenue) and net earnings $868M.
Source: American Tower 10-Q on SEC EDGAR.