Filing Flows › SBA Communications (SBAC) › Guidance history
SBA Communications (SBAC) guidance history: what it guided and what it reported
SBA Communications gave guidance in 13 earnings releases on file since Feb 26, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +9.4% against the guided midpoint. Its releases raised guidance 4 times and lowered it once.
Revenue
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.6B–$2.6B (Feb 26, 2026) | — | to be reported | — |
| FY2025 | $2.5B–$2.6B (Feb 24, 2025) → raised $2.5B–$2.6B (Apr 28, 2025) → raised $2.6B–$2.6B (Aug 4, 2025) → reaffirmed $2.6B–$2.6B (Nov 3, 2025) | $2.8B | above the range | +9.4% |
Adjusted revenue
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.7B–$2.7B (Aug 3, 2026) | — | to be reported | — |
FFO per share
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | −$1.00 (Feb 26, 2026) | — | to be reported | — |
| FY2025 | −$1.00 (Feb 24, 2025) → reaffirmed −$1.00 (Apr 28, 2025) → reaffirmed −$1.00 (Aug 4, 2025) → reaffirmed −$1.00 (Nov 3, 2025) | — | — | — |
| FY2024 | −$2.00 (Feb 26, 2024) → reaffirmed −$2.00 (Oct 28, 2024) | — | — | — |
FFO
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $106M (Feb 26, 2026) → reaffirmed $106M (Apr 29, 2026) | — | to be reported | — |
| FY2025 | $108M (Feb 24, 2025) → lowered $108M (Apr 28, 2025) → reaffirmed $108M (Aug 4, 2025) → lowered $108M (Nov 3, 2025) | — | — | — |
| FY2024 | $109M (Feb 26, 2024) → lowered $108M (Apr 29, 2024) → reaffirmed $108M (Jul 29, 2024) → reaffirmed $108M (Oct 28, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.0M (Feb 26, 2026) | — | to be reported | — |
| FY2025 | $4.0M (Feb 24, 2025) | — | — | — |
Capital expenditures
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $61.0M–$65.0M (Nov 5, 2026) | — | to be reported | — |
The latest quarter
SBA Communications, Q3 2026: revenue $714M (-2% year over year), operating margin 51.5%, net earnings $231M, operating cash flow $332M. The chart follows the revenue to costs, profit and cash.
Questions
Does SBA Communications beat its guidance?
SBA Communications gave guidance in 13 earnings releases on file since Feb 26, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +9.4% against the guided midpoint.
How often does SBA Communications raise guidance?
Its earnings releases raised guidance 4 times and lowered it once since Feb 26, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.