American Tower Raises Full-Year Outlook Amid Strong Q2 Performance
American Tower Corporation (NYSE: AMT) raised its full-year guidance for the second time in 2026, citing strong performance across its tower leasing and data center operations. The company increased midpoint property-revenue guidance by $110 million, adjusted EBITDA guidance by $45 million, and AFFO per share guidance by $0.09. Second-quarter results showed cash, FX-neutral property revenue growth of over 7% excluding DISH-related churn, while CoreSite data center revenue rose about 12%, marking its fifth consecutive quarter of double-digit growth. Management highlighted long-term opportunities from new spectrum deployments, higher-capacity 5G networks, and AI-driven demand for low-latency connectivity. The company plans to allocate approximately 85% of its 2026 discretionary capital spending toward developed markets, with over $700 million earmarked for data center development. CEO Steve Vondran attributed the strong performance to robust leasing demand across global towers, operational discipline, and growing interconnected data center capacity.
Topics: 5G growth capital allocation data centers telecom infrastructure