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SBA Communications (SBAC) guidance and outlook
SBA Communications (SBAC) lowered its guidance on Nov 2, 2026: FFO per share −$1.00 for FY2026; FFO $106M for FY2026. SBA Communications' 10-Q filed Nov 5, 2026 makes 28 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $6.0M | new |
| FFO per share | FY2026 | −$1.00 | reaffirmed |
| FFO | FY2026 | $106M | lowered |
From the earnings release filed Nov 2, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- The sale of our towers and related assets in Peru is subject to regulatory approval and is expected to close during the fourth quarter of 2026.
- We believe that over the long-term, site leasing revenues will continue to grow as wireless service providers lease additional antenna space on our towers due to increasing minutes of network use and data transfer, network expansion, and network coverage requirements.
- During the remainder of 2026, we expect core leasing revenue to increase over 2025 levels, on a currency neutral basis, due in part to contractual escalators and wireless carriers deploying additional capacity and increasing geographical coverage, the full year impact of towers acquired and built during 2025 and 2026, and the revenues from towers expected to be acquired and built during the remainder of 2026,…
- Due to the nature and mix of our tower portfolio, we expect future expenditures required to maintain these towers to be minimal.
- Consequently, we expect to grow our cash flows by (1) adding tenants to our towers at minimal incremental costs by using existing tower capacity or requiring wireless service providers to bear all or a portion of the cost of tower modifications and (2) executing monetary amendments as wireless service providers add or upgrade their equipment.
- We expect churn to be elevated through 2026.
- In our domestic markets, we currently expect churn to represent an aggregate of between $133.0 million and $136.0 million of cash site leasing revenue due in part to Sprint and EchoStar churn.
- In our international markets, we currently expect churn to represent an aggregate of between $37.0 million and $39.0 million of cash site leasing revenue due in part to Oi wireline churn.
- Site development revenues are earned primarily from providing a full range of end-to-end services to wireless service providers or companies providing development or project management services to wireless service providers.
- We provide site development services at our towers and at towers owned by others on a local basis, through regional, market, and project offices.
- We intend to continue to grow our asset portfolio, domestically and internationally, through tower acquisitions to the extent that opportunities meet our internal return on invested capital criteria and through the construction of new towers, especially in Central America pursuant to our build-to-suit agreement with Millicom International Cellular S.A.
- We believe that share repurchases, when purchased at the right price, will facilitate our goal of increasing our Adjusted Funds From Operations per share.
SBA Communications' 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
Did SBA Communications raise or lower its guidance?
SBA Communications (SBAC) lowered its guidance on Nov 2, 2026: FFO per share −$1.00 for FY2026; FFO $106M for FY2026.
What does SBA Communications expect?
The sale of our towers and related assets in Peru is subject to regulatory approval and is expected to close during the fourth quarter of 2026. We believe that over the long-term, site leasing revenues will continue to grow as wireless service providers lease additional antenna space on our towers due to increasing minutes of network use and data transfer, network expansion, and network coverage requirements. During the remainder of 2026, we expect core leasing revenue to increase over 2025 levels, on a currency neutral basis, due in part to contractual escalators and wireless carriers deployi
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.