SBA Communications Corporation (SBAC) Earnings Call Transcripts
SBA Communications Corporation's Latest Earnings Call - September 29, 2026
In the third quarter of 2026, SBA Communications Corporation reported revenue of $35 million, down from $78 million in the same quarter of 2022, reflecting a challenging leasing environment. The company maintained its outlook for the fiscal year, signaling a cautious but optimistic view on future growth driven by upcoming spectrum auctions and potential demand from edge computing. Management emphasized that despite current headwinds, they expect to navigate through the cycle effectively, with a focus on long-term growth opportunities in both the U.S. and Latin America.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $35 million (miss) |
| CapEx as % of Revenue | 15% (neutral) |
| DISH Exposure | $56 million (neutral) |
| Latin America Revenue Contribution | 15% (positive) |
| AFFO Growth | $12 (positive) |
| Gross CapEx | $250 million (neutral) |
Guidance from management
Management maintained its cautious outlook for the remainder of 2026, emphasizing the potential for growth driven by upcoming spectrum auctions and edge computing demand. No specific revenue guidance was provided.
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 about the current leasing environment and potential impacts from DISH's financial situation. There were questions regarding the sustainability of revenue from edge computing and the overall demand in the U.S. market going forward.
Main topics on the call
- Leasing Environment — Management noted a cyclical downturn in leasing, stating, "the cycle repeats itself" and highlighted that the current CapEx for major operators is around 15% of revenue, down from 25%. This indicates potential challenges...
- Edge Computing Opportunities — Montagner expressed excitement about edge computing, stating, "we may provide power as well to the extent they want it" for edge data centers. This could represent a new revenue stream as demand for localized computing p...
- Latin America Growth — SBA's Latin America segment, particularly Brazil, is expected to contribute positively, with Montagner noting, "Brazil is going to do well" due to strong economic fundamentals and ongoing 5G deployment efforts.
- DISH Exposure — Management acknowledged a $56 million exposure to DISH, with Montagner stating, "we have a claim in the bank's core" regarding ongoing lease negotiations. This highlights a potential risk but also indicates proactive man...
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.
About SBA Communications Corporation
SBA Communications Corporation (SBAC) is a publicly listed company in the Specialized REITs industry, within the Real Estate sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 91 calls on record spanning January 7, 2020 to September 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
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