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Crown Castle (CCI) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 5, 2026

Crown Castle (CCI) reported revenue of $1.0B for the second quarter 2026 (Q2 2026), -5% from a year earlier and -0.2% from the quarter before. Operating margin was 46.6%, net earnings $94.0M (9.3% of revenue).

Revenue$1.0B
Year over year-5%
Quarter over quarter-0.2%
Operating margin46.6%
Net earnings$94.0M

Crown Castle, Q2 2026: revenue $1.0B (-5% year over year), operating margin 46.6%, net earnings $94.0M, operating cash flow $531M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.0B-0.2%-5%
Operating profit$470M+1%-7%
Net earnings$94.0M-38%-68%
Operating cash flow$531M+4%-36%
Free cash flow$472M+4%-40%

What changed

Revenue was $1.0B in Q2 2026, down 5% year over year and roughly flat from the previous quarter.

Operating profit was $0.47B, a 46.6% margin (down 1.1 points year over year). Total costs fell 3% while revenue fell 5%. Net earnings were $0.09B, down 68% year over year. The effective tax rate was 4.1%.

Operating cash flow was $0.53B (down 36% year over year), 565% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.06B left free cash flow of $0.47B.

Questions

What was Crown Castle's revenue in the second quarter 2026?

Crown Castle (CCI) reported revenue of $1.0B for the second quarter 2026 (Q2 2026), -5% from a year earlier and -0.2% from the quarter before.

Was Crown Castle profitable in the second quarter 2026?

Operating profit was $470M (46.6% of revenue) and net earnings $94.0M.

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Source: Crown Castle 10-Q on SEC EDGAR.