American Tower Corporation (AMT) Earnings Call Transcripts
American Tower Corporation's Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, American Tower Corporation (AMT:US) reported a consolidated property revenue growth of over 5% year-over-year, with adjusted EBITDA increasing by over 3%. The company raised its full-year guidance for the second time this year, now expecting approximately 15% revenue growth from its data center business and around 4% organic tenant billings growth across its global tower portfolio. Management emphasized strong demand drivers, particularly in the 5G and AI sectors, which could support future growth and investment.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.8B (beat) |
| Adjusted EBITDA | $1.3B (beat) |
| AFFO per Share | $3.10 (beat) |
| Organic Tenant Billings Growth | 4% (positive) |
| Data Center Revenue Growth | 15% (beat) |
| Cash Adjusted EBITDA Margin | 40% (neutral) |
Guidance from management
Management raised guidance for property revenue by $110 million at the midpoint, now expecting nearly 4% year-over-year growth. They also expect approximately 3% growth in attributable AFFO per share for the year.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of carrier headcount reductions on future activity levels and the implications for new bookings. There were also inquiries about the competitive landscape in Europe and the implications of Vodafone's infrastructure moves.
Main topics on the call
- Revenue Growth and Guidance — American Tower raised its full-year revenue guidance, now expecting approximately 15% growth from its data center business and around 4% organic tenant billings growth. Management stated, "We delivered another strong qua...
- CoreSite Performance — CoreSite achieved record leasing activity, with management noting, "This quarter marked another record quarter of new leasing revenue for CoreSite." The data center segment continues to be the fastest-growing part of the...
- Operational Efficiency — American Tower has expanded tower cash EBITDA margins by over 300 basis points in the past three years and aims for an additional 200 to 300 basis points of margin expansion by 2030. Management highlighted their focus on...
- Capital Allocation Strategy — Management reiterated a disciplined capital allocation strategy, prioritizing investments in developed markets and high-quality earnings streams. They stated, "We continue to allocate capital with a focus on driving indu...
Read the full American Tower Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About American Tower Corporation
American Tower Corporation (AMT) is a publicly listed company in the Specialized REITs industry, within the Real Estate sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 111 calls on record spanning January 7, 2020 to July 28, 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 111 American Tower Corporation earnings call transcripts on record, spanning January 7, 2020 to July 28, 2026. Based on this history, American Tower Corporation reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- AMT
- Exchange
- NYSE
- Country
- US
- Sector
- Real Estate
- Industry
- Specialized REITs
- Calls on record
- 111
- First call
- January 7, 2020
- Most recent
- July 28, 2026
- Reporting cadence
- quarterly