AMT

American Tower Corporation AMT is scheduled to release third-quarter 2026 results on Oct. 27, before the opening bell. The company's quarterly results are expected to reflect year-over-year growth in revenues and adjusted funds from operations (AFFO) per share. In the last reported quarter, American Tower posted an AFFO per share attributable to AMT common stockholders of $2.71, in line with the Zacks Consensus Estimate. Results benefited from higher property revenues, robust global leasing activity and continued data center growth. Over the preceding four quarters, the company's AFFO per share topped on three occasions and met once, the average beat being 5.81%. The graph below depicts this surprise history: American Tower Corporation price-eps-surprise | American Tower Corporation Quote American Tower's third-quarter 2026 results are likely to benefit from rising mobile data consumption, continued 5G deployments and increasing network densification. U.S. carriers are shifting their focus from coverage expansion to capacity enhancement, supporting new colocation and amendment activity. Management expects mid-single-digit organic tenant billings growth in the United States and Canada, excluding DISH-related churn, supported by steady carrier investments. Solid leasing demand across Europe and Africa, along with contractual rent escalations, is also likely to have supported property revenue growth. CoreSite is expected to have remained a major growth driver, supported by robust demand for hybrid multicloud deployments, AI-driven workloads and interconnection services. Management raised its full-year data center revenue growth outlook to approximately 15% from 13%, reflecting record leasing activity and improving demand. However, DISH-related churn, higher refinancing costs and lower services revenues are expected to have partially offset these gains. The Zacks Consensus Estimate for operating revenues from the Total Property segment is pegged at $2.70 billion, which implies an uptick of 3.1% from the figure reported in the year-ago period. The consensus estimate for operating revenues from the Data Centers segment is currently pegged at $304.5 million, calling for a 14.1% increase from the year-ago period. The Zacks Consensus Estimate for quarterly revenues stands at $2.77 billion, suggesting growth of 2.1% from the year-ago period's reported figure. American Tower's activities during the soon-to-be-reported quarter have been inadequate to gain analysts' confidence. The Zacks Consensus Estimate for quarterly AFFO per share has remained unchanged at $2.84 over the past three months. The figure implies 2.2% growth from the year-ago quarter's reported figure. Our proven model does not conclusively predict a surprise in terms of AFFO per share for American Tower this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an AFFO beat, which is not the case here. American Tower has an Earnings ESP of 0.00% and currently carries a Zacks Rank of 2. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Here are two stocks from the broader REIT sector, SBA Communications SBAC and Host Hotels & Resorts HST, which you may want to consider, as our model shows that these have the right combination of elements to report an FFO beat this quarter. SBA Communications is slated to report quarterly numbers on Nov. 2. SBAC has an Earnings ESP of +1.54% and carries a Zacks Rank of 3 at present. You can see the complete list of today's Zacks #1 Rank stocks here. Host Hotels & Resorts is slated to report quarterly numbers on Nov. 4. HST has an Earnings ESP of +2.80% and a Zacks Rank of 3 at present. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report SBA Communications Corporation (SBAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

VANCOUVER, BC, Oct. 12, 2026 /PRNewswire/ -- American News Group News Commentary - The S&P 500 set an all-time high on Tuesday, October 6, and finished the week at 7,811.54 after a Friday gain of 0.6%, with the Dow Jones Industrial Average closing at 51,654.95 and the Nasdaq Composite at 27,366.17. All three finished the week higher, even as the 10-year Treasury yield recently reached its highest level since 2002 and closed Friday at 5.24%. The most active names of the week moved on company news: a satellite spectrum deal that hit wireless carriers, a Medicare ratings update, an airline outlook cut and a consumer staples guidance change. Next week brings September inflation data and the first major third-quarter earnings reports. Active Companies from around the markets with current developments this week include: Humana Inc. (NYSE: HUM), Delta Air Lines, Inc. (NYSE: DAL), PepsiCo, Inc. (NASDAQ: PEP), UnitedHealth Group Incorporated (NYSE: UNH), Johnson & Johnson (NYSE: JNJ). The largest single move of the week came late Thursday, when SpaceX agreed to acquire a nationwide portfolio of 800 MHz low-band spectrum licenses from Grain Management, a deal that remains subject to Federal Communications Commission approval and that would support its Starlink Mobile service. On Friday, T-Mobile US fell 13.3%, AT&T fell 9.8% and Verizon fell 8.7%, while tower operators Crown Castle and American Tower rose 15.6% and 9.3%, respectively, according to the Associated Press. The backdrop remains demanding. The Federal Reserve raised its benchmark rate in September for the first time in more than three years, crude oil has traded above $90 per barrel, and the University of Michigan's preliminary October survey showed consumers expect inflation of 4.7% over the coming year, up from 4.6% a month earlier. The coming week is shortened for the bond market, which is closed Monday for Columbus Day while stocks trade normally. The U.S. Bureau of Labor Statistics releases the Consumer Price Index for September on Wednesday, October 14, at 8:30 a.m. ET, followed by the Producer Price Index on Thursday. The largest U.S. banks begin reporting third-quarter results on Tuesday, alongside two of the largest healthcare companies in the market. CONTINUED... Get the full week-ahead market report in The Roadmap at: stockpreachers.com In other industry developments and happenings in the market this week include: Humana Inc. (NYSE: HUM) Humana shares rose 11.6% on Friday after the company reported that, based on final 2027 Medicare Advantage Star Ratings data released by the Centers for Medicare & Medicaid Services on October 8, it has exceeded its goal of top-quartile results. Humana said 95% of its Medicare Advantage members are in plans rated 4 stars or above for 2027. The company affirmed its 2026 adjusted earnings per share guidance of at least $9.00 and scheduled a virtual investor update for December 10, 2026. "We'll keep finding new, better ways to support our members and improve their experience," said Jim Rechtin, Humana CEO. Delta Air Lines, Inc. (NYSE: DAL) Delta reported September quarter 2026 earnings of $1.72 per share on an adjusted basis and $1.15 per share on a GAAP basis, with GAAP operating revenue of $20.2 billion and pre-tax profit of $1.5 billion on an adjusted basis. The company now expects full-year 2026 earnings per share of $5.10 to $5.60 and free cash flow of about $2.5 billion, and expects December quarter revenue to rise about 20%. Shares recovered from an early decline to finish Friday nearly unchanged. "Demand remains strong, supported by consumers' growing preference for experiences and travel," said Delta CEO Ed Bastian, adding that the company expects to "generate a pre-tax profit of roughly $4.5 billion, absorbing a $6 billion increase in fuel costs." PepsiCo, Inc. (NASDAQ: PEP) PepsiCo reported third quarter 2026 net revenue of $25.27 billion on October 8, up 5.6%, with organic revenue up 3.1%. Reported earnings per share rose 17% to $2.23 and core earnings per share rose 2% to $2.34. The company raised its full-year organic revenue outlook to approximately 3% and lowered its core earnings per share growth outlook to a range of 2.5% to 3.5%. UnitedHealth Group Incorporated (NYSE: UNH) UnitedHealth Group will release its third quarter 2026 results before the market opens on Tuesday, October 13, with a conference call at 8:00 a.m. ET. In its second quarter, the company reported revenues of $112.0 billion, adjusted earnings per share of $6.38 and a medical care ratio of 86.7%, down from 89.4% a year earlier, and raised its 2026 adjusted earnings outlook to $19.50 to $20.00 per share. "Our results and outlook reflect the continuing progress in our work to simplify how we operate," said CEO Stephen Hemsley at the time. Johnson & Johnson (NYSE: JNJ) Johnson & Johnson will release its third quarter 2026 results at approximately 6:45 a.m. ET on Tuesday, October 13, with an investor call at 8:30 a.m. ET. For the second quarter, the company reported sales of $25.3 billion, up 6.6%, and raised its 2026 guidance to estimated reported sales of $101.1 billion and adjusted earnings per share of $11.68 at the midpoints. Start Every Week With a Plan Stock Preachers publishes The Roadmap, an in-depth market report released three times a week: a Monday week-ahead edition, a Wednesday mid-week update and a Friday recap covering the names, sectors and data driving the tape. Access is free during the public beta at stockpreachers.com. Contact Information: americannewsgroup.com Media Contact: [email protected] DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a market commentary and is not a paid advertisement. It is neither an offer nor a recommendation to buy or sell any security. This article is being distributed by American News Group, which is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. This is an independent market commentary published on a non-paid basis. MEL has not been paid any fee by any company mentioned in this article for its production or distribution, and MEL has no advertising or digital media agreement with any company mentioned in this article. The companies mentioned have not reviewed or approved this article. Market Equities and its owners, operators, directors, and affiliates may, from time to time, hold positions in securities mentioned in this article or in the broad-market index funds that track them, and reserve the right to buy, sell, or hold such securities at any time without further notice. Information in this article was obtained from sources believed to be reliable, including company news releases and SEC filings, government release schedules and public reporting on market prices, but its accuracy cannot be guaranteed. Investing in securities involves risk, including the possible loss of some or all of your investment. References to the companies named in this article are provided solely as market context and as summaries of each company's own public disclosures and of public market reporting. No partnership, affiliation, or endorsement is implied, and nothing in this article is a recommendation to buy, sell, or hold any security. Quotations attributed to company executives are reproduced from those companies' own news releases. Share price moves cited are as reported by the Associated Press for the session of October 9, 2026. Scheduled release dates and times are as announced by each company and the U.S. Bureau of Labor Statistics and are subject to change. The spectrum transaction described remains subject to regulatory approval. Stock Preachers Disclosure. Stock Preachers, including its market report The Roadmap, is a market-commentary publication owned by MEL, and references to it in this article constitute promotion of an affiliated product. Stock Preachers is not a broker-dealer, and nothing on its website, in The Roadmap or in this article is financial, investment, tax, or legal advice. Its content is for informational and educational purposes only. Always do your own research before making any investment decision. 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American Tower (AMT) heads into its fiscal Q3 2026 earnings release on October 27 with expectations for funds from operations of $2.78 per diluted share, matching the prior year's quarter. American Tower's share price has slipped 4.62% year to date and is down 5.12% over the past month, while a 3.52% 7 day share price return suggests only a modest short term rebound at a current level of $166.73. Capitalize on the setup around American Tower by scanning a curated group of infrastructure-focused REITs and communication assets through 92 AI infrastructure stocks. The recent pullback in American Tower has bears pointing to slower carrier spending and higher rates, while bulls focus on the tower portfolio and contracted growth. Which side does the current valuation appear to favor? Against American Tower's last close of $166.73, the most followed narrative anchors on a fair value of $215.70. This frames the current discount squarely around tower and data center leasing momentum rather than short term sentiment. CoreSite's role as a highly interconnected hub for hyperscale cloud providers, enterprises and leading AI companies, together with a development pipeline that management believes can nearly triple capacity from current levels, provides a multiyear path for double-digit data center revenue and a growing share of consolidated earnings. See why 8 investors see American Tower as 23% undervalued. Result: Fair Value of $215.70 (UNDERVALUED) Still, the narrative can break if carrier 5G spending slows more than expected, or if higher interest costs keep weighing on American Tower's AFFO trajectory. Find out about the key risks to this American Tower narrative. Mixed sentiment around American Tower will not settle this debate for you. Move quickly and review both sides using the full 6 key rewards and 1 important warning sign. If you are weighing American Tower today, do not stop there. Broader context across different types of opportunities can sharpen your judgment and highlight better fits for your goals. - Target dependable cash generators by reviewing companies with strong yields and payout profiles through the 8 dividend fortresses. - Spot potential mispricings by scanning the 27 high quality undervalued stocks for businesses where fundamentals and current pricing appear out of sync. - Protect your downside first by focusing on resilience, starting with the 31 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AMT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Boston, Massachusetts-based American Tower Corporation (AMT)is a leading independent REIT that owns, operates, and develops multitenant communications real estate with a portfolio of nearly 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities. With a market cap of $76.8 billion, the company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular. The leading REIT is expected to announce its fiscal third-quarter earnings for 2026 before the market opens on Tuesday, Oct. 27. Ahead of the event, analysts expect American Tower to report an FFO of $2.78 per share on a diluted basis, unchanged from the year-ago quarter. The company has consistently surpassed Wall Street's FFO estimates in its last four quarterly reports. - A $40 Billion Reason Why SPCX Stock Is Down Today - Why This Wall Street Analyst Just Issued a Bold Prediction for Nebius Stock - Why Investors Are Celebrating Qualcomm Striking a Licensing Deal with Huawei — Which Is Still on the Entity List - Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect American Tower to report FFO of $10.80 per share, up marginally from $10.76 in fiscal 2025. Its FFO is expected to rise 5.6% year over year to $11.40 per share in fiscal 2027. AMT stock has underperformed the S&P 500 Index's ($SPX) 16.2% gains over the past 52 weeks, with shares down 11.1% during this period. Similarly, it underperformed the State Street Real Estate Select Sector SPDR ETF's (XLRE) 2.3% losses over the same time frame. AMT's underperformance has been primarily driven by persistent pressure from elevated interest rates, which raised refinancing costs and weighed heavily on dividend-paying real estate trusts across the sector. Its growth has further decelerated as major wireless carriers slowed their capital expenditure following initial 5G network rollouts, alongside ongoing customer churn from carrier consolidation and network restructuring. On Jul. 28, AMT shares closed up by 2.9% after reporting its Q2 results. Its FFO of $2.71 per share met Wall Street expectations. The company's revenue was $2.8 billion, beating Wall Street forecasts of $2.7 billion. AMT expects full-year FFO in the range of $11 to $11.17 per share. Analysts' consensus opinion on AMT stock is bullish, with a "Strong Buy" rating overall. Out of 24 analysts covering the stock, 19 advise a "Strong Buy" rating, two suggest a "Moderate Buy," and three give a "Hold." AMT's average analyst price target is $214.04, indicating a potential upside of 28.8% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

BOSTON, September 18, 2026--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced that its Board of Directors has elected Kristen M. Ludgate as a director. Ms. Ludgate most recently served as Chief People Officer of HP Inc., a global technology company, from 2021 to 2025, where she led culture, talent and organizational strategies to accelerate the company's transformation and worked closely with HP's chief executive officer and board of directors on succession, compensation and corporate strategy. Prior to HP, Ms. Ludgate spent over 15 years at 3M Company, where she held two c-suite roles, as Executive Vice President and Chief Human Resources Officer and as Senior Vice President, Communications and Enterprise Services, as well as executive leadership roles in Legal, Compliance and Human Resources. Ms. Ludgate has extensive experience in governance, risk management, talent strategy and enterprise transformation, advising chief executive officers and boards of directors on strategic and operational matters. Ms. Ludgate currently serves on the board of directors of Associated Banc-Corp (Associated Bank), where she chairs the Compensation and Benefits committee, and previously served on the board of directors of OpenText Corporation. "We are pleased to welcome Kristen to our Board of Directors," said Steve Vondran, President and Chief Executive Officer of American Tower. "Kristen’s decades of experience advising global organizations on governance, strategy, talent and transformation, combined with her extensive public company board experience, make her a strong fit with our Core Principles. Her broad and relevant background will provide valuable insight as we continue to advance our long-term growth strategy and deliver durable value for our shareholders." In addition, the Company's Board of Directors has declared a quarterly cash distribution of $1.79 per share on shares of the Company’s common stock. The distribution is payable on October 20, 2026 to the stockholders of record at the close of business on September 30, 2026. About American Tower American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com. Cautionary Language Regarding Forward-Looking Statements This press release contains "forward-looking statements" concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth under the caption "Risk Factors" in Item 1A of its most recent annual report on Form 10-K, and other risks described in documents the Company subsequently files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances. View source version on businesswire.com: https://www.businesswire.com/news/home/20260917258464/en/ Contacts Spencer KurnSenior Vice President, Investor RelationsTelephone: (617) 375-7517

A month has gone by since the last earnings report for SBA Communications (SBAC). Shares have added about 0.5% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is SBA Communications due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. SBA Communications Corporation reported second-quarter 2026 AFFO per share of $3.03, surpassing the Zacks Consensus Estimate of $2.96. However, the figure declined 3.8% from $3.15 in the year-ago quarter. Total revenues increased 2.3% year over year to $715.3 million and beat the consensus mark of $703.4 million. Strong international site-leasing growth supported the top line, though domestic weakness and higher costs pressured profitability. Site-leasing revenues advanced 5.1% year over year to $663.9 million. Excluding foreign-currency movements, growth was 3%. Site leasing contributed 98.2% of the company’s total operating profit, highlighting the importance of recurring tower rental revenues. International site-leasing revenues surged 30.5% to $211.4 million. Excluding foreign-currency movements, growth was 22.4%. International site-leasing segment operating profit (SOP) climbed 31.9% to $148.8 million, while tower cash flow increased 28% to $147.4 million. Domestic site-leasing revenues declined 3.7% year over year to $452.5 million. Domestic cash site-leasing revenues also fell 3.7% to $450.2 million as customer consolidation-related churn continued to weigh on results. Domestic site leasing SOP decreased 4.8% to $381 million. Domestic site leasing tower cash flow fell 4.7% to $377.5 million, while the related margin narrowed to 83.8% from 84.7% in the prior-year quarter. The cost of site leasing increased 13.1% year over year to $134.1 million. Selling, general and administrative expenses rose 9.2% to $77.5 million, reflecting additional pressure on operating efficiency. Net cash interest expense rose 9.5% to $122.1 million. Adjusted EBITDA increased 1.8% year over year to $483.8 million, but was unchanged, excluding foreign currency impact. The adjusted EBITDA margin edged down to 68% from 68.1%. The tower cash flow margin contracted to 79.5% from 81% a year earlier. The company acquired six communication sites for $10.5 million and built 109 towers during the second quarter. Of the newly constructed towers, 99 were international sites. SBA Communications ended June with 46,390 communication sites, including 17,362 in the United States and its territories and 29,028 internationally. Total cash capital expenditures were $91.2 million, comprising $15.8 million of non-discretionary spending and $75.4 million of discretionary investments. Net cash provided by operating activities for the six months ended totaled $407.2 million, up from $368.1 million in the year-ago quarter. The company ended the period with $12.8 billion of total debt, $12.4 billion of net debt and $400 million of cash and cash equivalents, short-term restricted cash and short-term investments. Net debt to annualized adjusted EBITDA was 6.4 times, within management’s target range of 6-7 times. Management raised the midpoint of its total revenue outlook by $2 million. Total revenues are now projected between $2.841 billion and $2.886 billion, while site-leasing revenues are expected in the range of $2.651-$2.676 billion. Adjusted EBITDA is forecasted between $1.92 billion and $1.94 billion, reflecting a $1 million reduction at the midpoint. The 2026 AFFO-per-share outlook was increased 2 cents at the midpoint to $11.95-$12.40. In the past month, investors have witnessed a downward trend in fresh estimates. At this time, SBA Communications has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, SBA Communications has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. SBA Communications belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, American Tower (AMT), has gained 0.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. American Tower reported revenues of $2.75 billion in the last reported quarter, representing a year-over-year change of +4.7%. EPS of $1.86 for the same period compares with $2.60 a year ago. American Tower is expected to post earnings of $2.82 per share for the current quarter, representing a year-over-year change of +1.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. American Tower has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SBA Communications Corporation (SBAC) : Free Stock Analysis Report American Tower Corporation (AMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for American Tower (AMT). Shares have lost about 2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is American Tower due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for American Tower Corporation before we dive into how investors and analysts have reacted as of late. American Tower Corporation reported second-quarter 2026 adjusted funds from operations (AFFO) per share of $2.71, matching the Zacks Consensus Estimate. The metric increased 4.2% from the year-ago quarter. Total revenues rose 4.7% year over year to $2.75 billion, surpassing the consensus mark by 1.5%. Results benefited from higher property revenues, robust global leasing activity and continued data center growth. Total property revenues increased 6.3% year over year to $2.69 billion. Property operations remained the company’s primary growth engine, supported by tower leasing demand and expansion across its data center platform. Total tenant billings grew 2.4%, while organic tenant billings rose $34 million. Property gross margin expanded 4.9% to $1.98 billion, with the property gross margin standing at 73.7%. Data center revenues increased 13.4% year over year to $297 million. Cash revenues jumped 12.3%, reflecting healthy customer demand and strong leasing activity at CoreSite. Management highlighted record leasing activity in the business. The company now expects data center property revenue growth of 14.9% at the midpoint of its updated 2026 outlook, indicating faster growth than anticipated earlier in the year. Organic tenant billings growth, excluding the impact of DISH churn, was approximately 4% globally. Africa & APAC delivered a 10.6% rise, while Europe recorded an increase of 4.1%. U.S. & Canada organic tenant billings grew 0.7% on a reported basis but were approximately 5% when excluding DISH churn. Latin America declined 2.4%, reflecting softer tenant billing trends in the region. Cash provided by operating activities increased 16% year over year to $1.49 billion. After total cash capital expenditures of $329 million, free cash flow climbed 19.6% to $1.16 billion. The company declared a quarterly distribution of $1.79 per share, up 5.3% from the prior-year period. It also repurchased approximately 0.1 million shares for about $19 million during the quarter. American Tower ended June with net debt of $35.43 billion, resulting in a net leverage ratio of 4.9 times annualized adjusted EBITDA. Total liquidity stood at approximately $9.9 billion. This included nearly $1.8 billion in cash and roughly $8.2 billion available under revolving credit facilities, net of outstanding letters of credit. American Tower raised the midpoint of its full-year property revenue outlook by $110 million. Property revenues are now projected between $10.70 billion and $10.85 billion, implying 4.5% growth at the midpoint. AFFO per share is projected between $11 and $11.17. The updated outlook reflects favorable currency movements, data center outperformance and one-time expense benefits. The company also expects approximately 1% organic tenant billings growth, or roughly 4%, excluding DISH churn, along with about 15% data center revenue growth. In the past month, investors have witnessed a downward trend in fresh estimates. At this time, American Tower has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, American Tower has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. American Tower is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, Digital Realty Trust (DLR), a stock from the same industry, has gained 2.8%. The company reported its results for the quarter ended June 2026 more than a month ago. Digital Realty Trust reported revenues of $1.92 billion in the last reported quarter, representing a year-over-year change of +28.9%. EPS of $1.21 for the same period compares with $1.87 a year ago. For the current quarter, Digital Realty Trust is expected to post earnings of $1.98 per share, indicating a change of 0% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days. Digital Realty Trust has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in AST SpaceMobile, Inc.? Here are five stocks we like better. AST SpaceMobile plans to launch BlueBird satellites 11, 12, and 13 on Aug. 5, advancing its goal of 45 satellites in orbit by early 2027. The company will report second-quarter earnings on Aug. 10, with investors seeking improvement after a Q1 miss on both earnings and revenue expectations. Shares remain highly volatile with a beta of 2.69 and heavy short interest, though institutional inflows have significantly outpaced outflows over the past year. Space-based cellular broadband network provider AST SpaceMobile (NASDAQ: ASTS) has officially set the launch date for its next cohort of satellites as the company continues to pursue its goal of putting 45 BlueBirds into low Earth orbit (LEO) by early 2027. On Tuesday, July 28, the SpaceX (NASDAQ: SPCX) rival announced that it is targeting Wednesday, Aug. 5, for liftoff of BlueBirds 11, 12, and 13—the latest three LEO satellites to join its direct-to-device (D2D) constellation. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control According to AST SpaceMobile, the successful June launch of BlueBirds 8, 9, and 10 will be followed by BlueBirds 11, 12, and 13, while satellites 14 through 16 are already being prepared, and production has advanced through satellite 42. With another satellite launch and its Q2 business update scheduled just days apart, AST SpaceMobile is approaching two important tests of whether its expanding constellation can support commercial service and justify the stock’s volatile valuation. → Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? As a group, space stocks have been dragged down over the past month as the fallout from SpaceX’s IPO continues. AST SpaceMobile is no exception, with shares having plummeted more than 30% over the past 30 days. Since hitting its all-time high on May 28, that brings the stock’s total loss to nearly 56%. → Why Rare Earth Processing Could Be the Real 2027 Opportunity But the company is doggedly focused on accelerating its launch schedule to meet its 2026 targets. That begins with next Wednesday’s tentatively planned deployment. According to Scott Wisniewski, president of AST SpaceMobile, the orbital launch “combined with expanded manufacturing capacity and the recent successful launch and deployment of BlueBird satellites 8, 9, and 10, position [the company] for beta services later this year with our space-based cellular broadband coverage." That service rollout will be aided by AST SpaceMobile’s numerous strategic partnerships that are already in place, including AT&T (NYSE: T), Verizon Communications (NYSE: VZ), Vodafone Group (NASDAQ: VOD), American Tower (NYSE: AMT), Alphabet (NASDAQ: GOOGL), and Rakuten (OTCMKTS: RKUNY). The company also has agreements with more than 50 mobile network operators and separately serves U.S. government applications and contracts. AST SpaceMobile’s strategic partners include AT&T, Verizon Communications, Vodafone Group, American Tower, Google, Rakuten, Bell Canada, stc Group, and TELUS. The company also has agreements with more than 50 mobile network operators and separately serves U.S. government applications and contracts. Notably, this next group of BlueBird satellites is expected to deliver nearly double the peak download speeds achieved by AST SpaceMobile’s Block 1 BlueBirds, which boast peak D2D download speeds of 98.9 Mbps directly to smartphones. Although not a direct comparison with AST SpaceMobile’s direct-to-smartphone network,, for context, SpaceX’s Starlink satellites report download speeds of 45 Mbps to 280 Mbps for its terminal-based satellite internet service. The week after its next planned launch date, AST SpaceMobile will be hosting its Q2 earnings call at 5 p.m. EST. Investors hopeful that the company can rebound from its galactic Q1 double-miss when the company reported earnings per share of negative 66 cents against analyst expectations of negative 23 cents, and revenue of just $14.74 million compared to forecasts for $39.01 million. Shareholders will also be looking for clarity on a recent private offering that has raised the specter of potential dilution, and whether speculation about the issuance of $1 billion in senior convertible notes was aimed at acquiring or investing in a rocket launch services provider. Those notes will mature on Feb. 1, 2034, unless converted or repurchased at an earlier date. They are also eligible—at AST SpaceMobile’s discretion—for conversion into cash, Class A common stock, or a combination thereof. Despite the recent crash in ASTS’ share price, it has been clawing back. On Thursday, July 30, the stock gained more than 10% and notably sits nearly 64% higher than its 52-week low on Sept. 9, 2025. Shareholders have grown accustomed to ASTS’ inherent unpredictability, though. With a current beta of 2.69, the stock is approaching a level of volatility nearly 3x the broad market. That, in part, is why analysts have been hesitant to upgrade the stock—which carries a consensus Hold rating—despite the average 12-month price target implying nearly 50% upside potential. That elevated volatility has also contributed to outsized attention from bears. Current short interest stands at more than 19% of the float, or a little more than 59 million shares out of the 388 million shares outstanding. In dollar terms, $3.94 billion worth of ASTS is currently being sold short. Revenue is scaling quickly, but profitability and operating cash flow remain under pressure. For investors, the more meaningful test will be whether AST SpaceMobile can convert its expanding satellite network into recurring commercial revenue while managing its substantial capital requirements. Despite those financial risks, institutional activity has remained heavily tilted toward buyers. Over the past 12 months. Over the past 12 months, inflows of nearly $2.4 billion have dwarfed outflows of less than $483 million. The article "AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings Test" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

American Tower Corporation recently reported its second-quarter 2026 results, with revenue rising to US$2,749.1 million and net income reaching US$867.5 million, alongside higher earnings per share versus a year earlier. The company also raised its full-year 2026 outlook, highlighting record leasing at its CoreSite data center business and stronger global tower activity as key earnings drivers. We’ll now explore how this upgraded outlook, underpinned by record CoreSite leasing, shapes American Tower’s broader investment narrative. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own American Tower, you need to be comfortable with a data and wireless infrastructure story that is increasingly split between traditional towers and the faster-growing CoreSite data center platform. The latest quarter reinforced that message: record CoreSite leasing and solid global tower demand supported another upgrade to 2026 guidance, even though the midpoint for full year property revenue still sits below earlier market expectations. In the near term, the key catalysts look tied to how sustainably CoreSite can fill its pipeline and whether international tower markets keep supporting incremental leasing. At the same time, the balance sheet remains a swing factor, with debt not fully covered by operating cash flow despite recent note redemptions and only modest buybacks. In that context, the stronger earnings run-rate slightly softens, but does not remove, funding and refinancing risk. However, one financial pressure point still stands out that investors should not ignore. American Tower's shares have been on the rise but are still potentially undervalued by 38%. Find out what it's worth. Four Simply Wall St Community valuations span about US$215 to US$277 per share, underscoring how differently investors see American Tower’s earnings power. Set against the company’s rising 2026 guidance and ongoing debt constraints, those diverging views highlight why it can pay to weigh several perspectives before forming a view on the stock’s risk and reward profile. Explore 4 other fair value estimates on American Tower - why the stock might be worth just $215.04! Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your American Tower research is our analysis highlighting 6 key rewards and 1 important warning sign that could impact your investment decision. Our free American Tower research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate American Tower's overall financial health at a glance. Opportunities like this don't last. These are today's most promising picks. Check them out now: Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 29 best rare earth metal stocks of the very few that mine this essential strategic resource. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AMT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in American Tower Corporation? Here are five stocks we like better. American Tower raised its 2026 outlook for the second time this year, increasing midpoint property-revenue guidance by $110 million, adjusted EBITDA guidance by $45 million and AFFO guidance by $0.09 per share. Data center growth expectations rose to approximately 15%. Second-quarter performance benefited from robust tower leasing and record CoreSite activity: cash, FX-neutral property revenue grew more than 7% excluding DISH-related churn, while CoreSite data center revenue increased about 12% and marked its fifth consecutive quarter of double-digit growth. Management sees longer-term upside from new spectrum, higher-capacity 5G networks and AI-driven demand for low-latency connectivity. American Tower plans to direct about 85% of 2026 discretionary capital spending to developed markets, including more than $700 million for data center development. Why AST SpaceMobile Is the Bigger Winner of the AT&T, T-Mobile, and Verizon Joint Venture American Tower (NYSE:AMT) raised its full-year 2026 outlook for the second time this year after reporting second-quarter growth in tower leasing and record leasing activity at its CoreSite data center business. President and CEO Steve Vondran said the company’s performance was supported by “robust leasing demand” across its global tower portfolio, continued operational discipline and growing demand for interconnected data center capacity. He said the company remains focused on durable revenue growth, improved operating efficiency and disciplined capital allocation. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival? “The strength and consistency of our execution, combined with the momentum we’re seeing across the business, enabled us to raise our full-year outlook for the second time this year,” Vondran said. Chief Financial Officer Rod Smith said consolidated property revenue increased more than 5% year over year in the second quarter, excluding non-cash straight-line revenue and foreign-exchange effects. On a cash, foreign-exchange-neutral basis and excluding one-time churn related to DISH, property revenue grew more than 7%. → This Tiny AI Supplier Could Be More Important Than the Chipmakers AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback Organic tenant billings growth was nearly 2%, or about 4% excluding the DISH-related churn. Data center cash revenue grew approximately 12%. Adjusted EBITDA increased more than 3% excluding net straight-line revenue and foreign-exchange impacts. Excluding the one-time DISH churn, adjusted EBITDA increased more than 6% on a cash, foreign-exchange-neutral basis. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Cash adjusted EBITDA margin declined about 40 basis points from a year earlier, primarily because of DISH-related churn and the timing of selling, general and administrative expenses. Excluding the DISH impact, cash adjusted EBITDA margin expanded approximately 30 basis points. Attributable AFFO per share increased about 1% excluding foreign-exchange impacts. Excluding DISH-related churn and refinancing costs, attributable AFFO per share rose more than 5% on an FX-neutral basis, Smith said. U.S. and Canada organic growth was nearly 1%, or roughly 5% excluding DISH churn. Africa and APAC organic growth was nearly 11%, though the company expects churn in those regions to be weighted toward the second half of the year. Europe organic growth was approximately 4%. Latin America organic growth declined more than 2%, reflecting elevated churn in Brazil. CoreSite data center property revenue increased approximately 12%, excluding non-cash straight-line revenue. Smith said CoreSite added more new leasing business during the quarter than it did in all of 2021, marking its fifth consecutive quarter of double-digit revenue growth. American Tower increased its property-revenue outlook by $110 million at the midpoint, a 1% increase from its prior forecast. The revised outlook implies nearly 4% year-over-year growth excluding non-cash straight-line revenue and currency effects, or about 6% growth on a cash, FX-neutral basis after adjusting for one-time DISH churn. The company said the property-revenue increase reflects about $35 million in foreign-exchange tailwinds, $25 million of data center outperformance and $65 million from other items including pass-through and straight-line revenue. Those factors were partly offset by roughly $15 million from the sale of its Philippines and Bangladesh portfolios. American Tower reiterated its expectation for approximately 1% organic tenant billings growth in 2026, or about 4% excluding DISH churn. It lifted its data center growth expectation to approximately 15% from its previous forecast of 13%. The company also raised its adjusted EBITDA outlook by $45 million at the midpoint and increased attributable AFFO guidance by $0.09 per share. Smith said higher interest rates are now expected to create an approximately 150-basis-point headwind to AFFO per share growth this year, compared with a prior estimate of roughly 100 basis points. Smith described 2026 as a likely trough year for AFFO per share growth, citing DISH churn, refinancing costs and a lower contribution from the services business. He said the company expects growth to improve in 2027 as those pressures ease. Vondran said American Tower sees several potential demand catalysts for its tower business: the capacity-focused phase of 5G deployments, the anticipated release of new spectrum, the eventual move to 6G and the expansion of AI-related applications. The company expects about 800 MHz of new mobile spectrum to become available over the next several years, beginning with Upper C-band spectrum in 2027. Vondran said new spectrum deployments historically have generated equipment installations and lease amendments. He also said American Tower is seeing more new co-location activity in its U.S. pipeline as carriers move from early 5G coverage deployments toward network quality and capacity investments. Smith said the company expects new business to contribute about 250 basis points to U.S. organic tenant billings growth in 2026, in addition to roughly 3% contractual escalators and churn of about 1% to 2% excluding DISH and Sprint-related effects. Vondran said AI applications could increase the need for capacity, lower latency and network densification. He cited Ericsson data indicating AI-enabled applications are contributing to uplink traffic growth that in some cases exceeds downlink growth by more than 50%. CoreSite remains American Tower’s fastest-growing business segment, according to Vondran. He said nine of the top 10 AI companies and three of the top five neoclouds are deployed in CoreSite facilities. The company has expanded CoreSite’s megawatts in service by 1.5 times since acquiring the business in 2021 and has a development pipeline that could nearly triple capacity from current levels. During the question-and-answer session, Vondran said data center outperformance was broad-based, driven by traditional and retail customers, hybrid multicloud deployments, AI use cases, mark-to-market activity and increased interconnection activity. He said American Tower could pursue additional CoreSite expansion in existing campuses, new markets or selective acquisitions, while remaining focused on highly interconnected facilities rather than hyperscale or undifferentiated colocation assets. The company ended the quarter with leverage of 4.9 times, within its target range of three to five times. It completed the sale of its Philippines and Bangladesh operations during the quarter, exiting the APAC region. Management said the transaction is expected to be neutral to AFFO per share growth while increasing the focus on developed markets and higher-quality earnings streams. For 2026, American Tower expects to direct about 85% of discretionary capital spending toward developed-market platforms, including more than $700 million for data center capacity development, approximately $370 million for global tower construction and about $210 million for land purchases beneath towers. The company also said it has spent more than $230 million year to date on tower and data center land acquisitions and more than $200 million on share repurchases. American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company's core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks. Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "American Tower Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

For the quarter ended June 2026, American Tower (AMT) reported revenue of $2.75 billion, up 4.7% over the same period last year. EPS came in at $2.71, compared to $0.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.71 billion, representing a surprise of +1.51%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.71. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how American Tower performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total - Ending Balance: 147,605 compared to the 149,255 average estimate based on three analysts. U.S. & Canada - Ending Balance: 41,764 compared to the 41,766 average estimate based on three analysts. Organic Tenant Billings Growth - U.S. & Canada: 0.7% compared to the 0.5% average estimate based on three analysts. Organic Tenant Billings Growth - Africa & APAC: 10.6% versus 9.8% estimated by two analysts on average. Organic Tenant Billings Growth - Europe: 4.1% versus the two-analyst average estimate of 4.1%. Geographic Revenues- U.S. & Canada: $1.27 billion versus the three-analyst average estimate of $1.27 billion. The reported number represents a year-over-year change of -2.5%. Geographic Revenues- Africa & APAC: $415 million compared to the $410.98 million average estimate based on two analysts. Geographic Revenues- Europe: $259 million compared to the $252.39 million average estimate based on two analysts. The reported number represents a change of +11.2% year over year. Geographic Revenues- Latin America: $442 million compared to the $429.34 million average estimate based on two analysts. The reported number represents a change of +13.6% year over year. Total operating revenues- Data Centers: $297 million versus $294.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change. Total operating revenues- Services: $61 million versus the three-analyst average estimate of $64.88 million. The reported number represents a year-over-year change of -39%. Total operating revenues- Total Property: $2.69 billion versus $2.65 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change. View all Key Company Metrics for American Tower here>>> Shares of American Tower have returned -1.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research