American Tower earnings showed modest revenue growth and faster data-center expansion in the third quarter. The infrastructure company raised its property-revenue outlook but reported lower net income.
American Tower Earnings Lift Revenue to $2.79 Billion
The company’s October 27 results covered the quarter ended September 30. Total revenue increased 2.5% to $2.79 billion, while property revenue rose 4.5% to $2.73 billion.
Adjusted EBITDA increased 0.9% to $1.83 billion. AFFO attributable to common stockholders rose 2.4% to $1.34 billion, while AFFO per share increased 3.2% to $2.87. The outcome follows other infrastructure-linked results, including Dover’s power-market update.
Data Center Growth Outpaces Tower Billings
Data-center cash revenue grew 16.3%, compared with 1.1% organic tenant billings growth across the broader portfolio. American Tower cited demand tied to cloud adoption, wireless connectivity and AI applications.
The company raised the midpoint of its full-year property-revenue outlook by $55 million because of data-center outperformance. It now expects total property revenue of $10.79 billion to $10.87 billion. The trend complements the infrastructure demand described in NXP’s semiconductor results.
Net Income Falls as Buyback Authority Expands
Net income declined 14.4% to $781 million. American Tower said unrealized equity-investment losses affected the comparison, while free cash flow remained nearly flat at $986 million.
The company repurchased $315 million of shares during the quarter. Its board later authorized an additional $2 billion, on top of $1.1 billion remaining as of October 20. The capital-return move follows the buyback activity detailed in the UBS earnings report.
Source: American Tower third-quarter 2026 results. Percentages are company-reported year-over-year changes.
| Metric | Q3 2026 | Year-over-year change |
|---|---|---|
| Total revenue | $2.79 billion | +2.5% |
| Property revenue | $2.73 billion | +4.5% |
| Data-center cash revenue | Not separately disclosed | +16.3% |
| Net income | $781 million | -14.4% |
| AFFO | $1.34 billion | +2.4% |
AFFO and adjusted EBITDA are non-GAAP measures. American Tower provides definitions and reconciliations in its earnings release.
Sharron Kendi
Sharron Kendi is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence.
