SBA Communications Corporation (SBAC) Earnings Call Transcripts

SBA Communications Corporation's Latest Earnings Call - September 29, 2026

In the third quarter of fiscal year 2026, SBA Communications Corporation reported a revenue of $35 million, a decrease from $78 million in 2022, indicating a challenging leasing environment. Management highlighted that while the U.S. market is experiencing a trough, they anticipate growth driven by upcoming spectrum auctions and increased demand for edge computing solutions. The company maintained a cautious outlook for Brazil, projecting headwinds in 2026 and 2027 due to market consolidation but expects long-term growth as 5G deployment accelerates.

Guidance from management

Management maintained a cautious outlook for Brazil, projecting headwinds in 2026 and 2027 but expects long-term growth as 5G deployment accelerates. They anticipate demand for edge computing solutions to materialize within the next year.

What management said

Company have capital and ongoing sales agreement, when I asked them, have you signed a basically a retail customer people are going to use that compute. I get very for the answer. So I the opening close to the vest, but people looking to basically sign leases for the space and get access to the tower and the ban.

Passive real estate company. We sell voice space on the tower and caspase on meta and release all the mental spaces on the ground. -- for this particular edge dealer central, we may provide power as well to the extent they want it because their power demand are fairly limited.

What analysts pressed on

Analysts expressed concerns regarding the impact of DISH's financial situation on SBA's revenue and the potential for further churn in the U.S. leasing market. There were also questions about the sustainability of growth in Brazil amidst market consolidation.

Main topics on the call

• U.S. Leasing Trends — Management acknowledged a cyclical downturn in U.S. leasing, stating, "the cycle repeats itself" and noted that they expect a revenue of $35 million this year, down from $78 million in 2022. They remain optimistic about ...
• Edge Computing Opportunities — Marc Montagner expressed excitement about edge computing, stating, "we may provide power as well to the extent they want it" and indicated that demand signals are expected to materialize in the next year. This suggests a...
• Latin America Market Outlook — Montagner noted that Brazil represents 15% of revenue and highlighted the long-term growth potential, stating, "long term, a in Brazil is less than 50% the 5G deployment". However, he cautioned about elevated churn and c...
• DISH Exposure — Management addressed concerns regarding their exposure to DISH, stating, "our exposure to $56 million this year from DISH" and acknowledged short-term lease churn. They indicated that they have a claim in the bank's core...

Read the full SBA Communications Corporation transcript (September 29, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 91 SBA Communications Corporation earnings call transcripts on record, spanning January 7, 2020 to September 29, 2026. Based on this history, SBA Communications Corporation reports quarterly. The most recent call on file is dated September 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SBAC

Exchange

NasdaqGS

Country

US

Sector

Real Estate

Industry

Specialized REITs

Calls on record

91

First call

January 7, 2020

Most recent

September 29, 2026

Reporting cadence

quarterly