SBAC Q2 2026: Revenue +2.3% to $715M, net income -12.9% to $197M on higher interest costs

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Net income fell 12.9% to $196.5M despite operating income rising 5% to $351.9M, as higher interest expense offset operational gains. The company issued $3.5B of senior notes in July 2026 (5.1% blended coupon) to refinance variable-rate debt and extend maturities.

  MD&A: Financing & Net Income verify on EDGAR →
• high

  Domestic site leasing revenue declined $28.1M in H1 2026 (vs. +$6.1M growth in H1 2025) on Sprint and EchoStar churn.

  MD&A: Domestic Revenue & Churn Guidance verify on EDGAR →
• high

  International site leasing revenue rose $74.7M on a constant-currency basis (vs. $11.0M in H1 2025), driven by the Millicom acquisition (7,110 towers) and organic leasing growth. The company also acquired land rights under ~3,900 Guatemalan sites, converting ground leases to owned land.

  MD&A: International Revenue & Millicom verify on EDGAR →