American Tower Reports Strong Q2 Results but Misses Revenue Guidance
American Tower (NYSE:AMT) reported second-quarter results that beat earnings estimates, with adjusted EPS of $1.86 versus the expected $1.55 and revenue rising to $2.75 billion from $2.70 billion forecasted. The company's performance was supported by strong leasing activity in its global tower portfolio and data center operations. Despite these positive results, American Tower’s full-year revenue guidance of between $10.695 billion and $10.845 billion fell short of the analyst consensus estimate of $10.935 billion. The company did raise its EBITDA and AFFO forecasts for 2026 due to improved data center performance, foreign exchange benefits, and one-time cost savings. The stock reaction was mixed as investors weighed strong quarterly results against a below-forecast revenue outlook.
Tickers: $AMT
Topics: real estate investment trust (REIT) revenue guidance telecom infrastructure