Filing Flows › SBA Communications (SBAC) › Q2 2026
SBA Communications (SBAC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
SBA Communications (SBAC) reported revenue of $715M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +2% from the quarter before. Operating margin was 49.2%, net earnings $199M (27.8% of revenue).
SBA Communications, Q2 2026: revenue $715M (+2% year over year), operating margin 49.2%, net earnings $199M, operating cash flow $407M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $715M | +2% | +2% |
| Gross profit | $539M | +1% | +2% |
| Operating profit | $352M | +3% | +5% |
| Net earnings | $199M | +8% | -12% |
| Operating cash flow | $407M | +60% | +11% |
| Free cash flow | $345M | +67% | — |
What changed
Revenue was $715.3M in Q2 2026, up 2% year over year and up 2% from the previous quarter. Domestic Site Leasing was the largest line at 63% of revenue. International Site Leasing added $49.5M year over year (up 31%), 304% of the total change. Site Development declined 24%.
Gross margin was 75.4%, unchanged from Q2 2025. Operating profit was $351.9M, a 49.2% margin (up 1.3 points year over year). Of the extra revenue versus Q2 2025, 105% reached operating profit, above the 48% margin then. Operating expenses fell 2% while revenue rose 2%. Net earnings were $198.8M, down 12% year over year ($196.5M including minority interests, which bore $2.3M of losses). The effective tax rate was 15.5%.
Operating cash flow was $407.2M (up 11% year over year), 207% of net earnings. Non-cash charges added back $81.4M of depreciation and amortization and $26.8M of share-based compensation. Working capital and other items added $102.5M. Capital expenditures of $62.4M left free cash flow of $344.8M.
Questions
What was SBA Communications' revenue in the second quarter 2026?
SBA Communications (SBAC) reported revenue of $715M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +2% from the quarter before.
Was SBA Communications profitable in the second quarter 2026?
Operating profit was $352M (49.2% of revenue) and net earnings $199M.
Source: SBA Communications 10-Q on SEC EDGAR.