Filing Flows › Crown Castle (CCI) › Q1 2026
Crown Castle (CCI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Crown Castle (CCI) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -6% from the quarter before. Operating margin was 46.0%, net earnings $151M (15.0% of revenue).
Crown Castle, Q1 2026: revenue $1.0B (-5% year over year), operating margin 46.0%, net earnings $151M, operating cash flow $509M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -6% | -5% |
| Operating profit | $465M | -11% | -11% |
| Net earnings | $151M | -49% | — |
| Operating cash flow | $509M | -41% | -21% |
| Free cash flow | $452M | -44% | -25% |
What changed
Revenue was $1.0B in Q1 2026, down 5% year over year and down 6% from the previous quarter.
Operating profit was $0.47B, a 46.0% margin (down 3.1 points year over year). Total costs grew 1% against a revenue fall of 5%. Net earnings were $0.15B. The effective tax rate was 3.2%.
Operating cash flow was $0.51B (down 21% year over year), 337% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.17B. Capital expenditures of $0.06B left free cash flow of $0.45B.
Questions
What was Crown Castle's revenue in the first quarter 2026?
Crown Castle (CCI) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -6% from the quarter before.
Was Crown Castle profitable in the first quarter 2026?
Operating profit was $465M (46.0% of revenue) and net earnings $151M.
Source: Crown Castle 10-Q on SEC EDGAR.