American Tower Corporation: EPS $1.64 vs $1.64 expected; revenue $2.79B vs $2.76B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 1.64 | 1.64 | — | 1.82 |
| Revenue (USD bn) | 2.79 | 2.76 | +0.9% | 2.72 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 1.64 | 1.64 | — | 2.79 | 2.76 | +0.9% |
| Jul 28, 2026 | Q2 FY2026 | 1.86 | 1.57 | +18.5% | 2.75 | 2.70 | +1.8% |
| Apr 28, 2026 | Q1 FY2026 | 1.84 | 1.60 | +15.0% | 2.74 | 2.66 | +3.1% |
| Feb 24, 2026 | Q4 FY2025 | 1.75 | 1.48 | +18.2% | 2.74 | 2.69 | +1.9% |
| Oct 28, 2025 | Q3 FY2025 | 1.82 | 1.65 | +10.3% | 2.72 | 2.66 | +2.1% |
| Jul 29, 2025 | Q2 FY2025 | 2.60 | 1.67 | — | 2.63 | 2.60 | +1.1% |
| Apr 29, 2025 | Q1 FY2025 | 2.75 | 1.61 | — | 2.56 | 2.54 | +0.9% |
| Feb 25, 2025 | Q4 FY2024 | 2.62 | 1.74 | — | 2.55 | 2.51 | +1.5% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
American Tower Corporation results: EPS $1.64 vs $1.64 expected; revenue $2.79B vs $2.76B. The results cover the company's Q3 FY2026. EPS came in in line with analysts' estimate; revenue above the estimate by 0.9%.
Revenue was up 2.5% from $2.72 billion a year earlier (Q3 FY2025). EPS was down 9.9% from $1.82 a year earlier. On its record, EPS topped analysts' estimates in 4 of 4 earlier comparable reports.
What the results mean
American Tower Corporation’s business rests on leasing space at communications sites, making tenant relationships and continued site usage central to interpreting its results. Revenue growth indicates an expanding revenue base, but the available material does not identify the contributions from leasing, data centers or services.
The business model centers on hosting multiple tenants at communications sites, linking activity to customers’ needs for space and equipment additions. Permitting, structural analysis and construction management services support leasing by facilitating customer equipment deployment and the addition of tenants.
What to watch on the earnings call: Watch for management’s discussion of demand for communications space, the role of tenant and equipment additions in leasing activity, and the contributions of data centers and services. Discussion of site operating costs and development spending would also help clarify the company’s ability to translate revenue growth into profitability and cash flow.
For the full analysis of American Tower Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.