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American Tower reports $2,785 million in third-quarter revenue
Property revenue grew 4.5%, while cash data center revenue jumped 16.3%, alongside a modest increase in organic tenant billings.
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American Tower reported third-quarter 2026 revenue of $2.78 billion, a 2.5% increase, with an AFFO per share of $2.87 that exceeded analyst estimates. Despite a decline in net profit, the company raised its full-year 2026 financial outlook for the third time this year. This upward revision follows a strong quarterly performance and a significant earnings beat.
Property revenue grew 4.5%, while cash data center revenue jumped 16.3%, alongside a modest increase in organic tenant billings.
Read the full storyData center revenue growth drove the third annual revision, while the company left its adjusted EBITDA outlook unchanged and cut its net income estimates.