Filing Flows › American Tower (AMT) › Q3 2026
American Tower (AMT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
American Tower (AMT) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +1% from the quarter before. Operating margin was 45.6%, net earnings $766M (27.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | +1% | +3% |
| Operating profit | $1.3B | 0% | +3% |
| Net earnings | $766M | -12% | -10% |
| Operating cash flow | $1.4B | -6% | -5% |
| Free cash flow | $986M | — | — |
What changed
Revenue was $2.8B in Q3 2026, up 3% year over year and up 1% from the previous quarter. U.S. & Canada was the largest line at 48% of revenue. Africa & APAC added $0.06B year over year (up 15%), 84% of the total change. U.S. & Canada declined 7%.
Operating profit was $1.3B, a 45.6% margin (up 0.2 points year over year). Of the extra revenue versus Q3 2025, 52% reached operating profit, above the 45% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $0.77B, down 10% year over year. The effective tax rate was 13.1%.
Operating cash flow was $1.4B (down 5% year over year), 178% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.03B of share-based compensation. After total cash capital expenditures ($0.41B), free cash flow as the company reports it was $1.0B.
Questions
What was American Tower's revenue in the third quarter 2026?
American Tower (AMT) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +1% from the quarter before.
Was American Tower profitable in the third quarter 2026?
Operating profit was $1.3B (45.6% of revenue) and net earnings $766M.
Source: American Tower 10-Q on SEC EDGAR.