American Tower Corporation (AMT) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and American Tower published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• American Tower is a REIT. Revenue here is total operating revenues (property plus services) as reported in its statement of operations, and EPS is diluted net income attributable to American Tower common stockholders. The REIT measure American Tower leads with, AFFO per share, is shown under the metrics.
• American Tower agreed during the quarter to sell its Canadian subsidiaries for about 288 million Canadian Dollars (about $202 million), and expects to close in Q4 2026.

Source: American Tower Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How American Tower splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• American Tower's U.S. & Canada property revenue was $1.3 billion in Q3 2026, down 3% from $1.3 billion in Q3 2025, 46% of total revenue.
• American Tower's Latin America property revenue was $460 million in Q3 2026, up 10% from $417 million in Q3 2025, 17% of total revenue.
• American Tower's Africa & APAC property revenue was $428 million in Q3 2026, up 15% from $371 million in Q3 2025, 15% of total revenue.
• American Tower's Europe property revenue was $258 million in Q3 2026, up 6% from $244 million in Q3 2025, 9% of total revenue.
• American Tower's Data Centers property revenue was $313 million in Q3 2026, up 17% from $267 million in Q3 2025, 11% of total revenue.
• American Tower's Services revenue was $51.4 million in Q3 2026, down 49% from $101 million in Q3 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, American Tower said:

“As a result of Data Centers segment outperformance, the Company is raising the midpoint of its full year 2026 outlook for property revenue by $55 million.”

“The midpoint of Adjusted EBITDA is unchanged from the Company's prior outlook.”

“The Company is lowering the midpoints for net income and net income attributable to AMT common stockholders by $30 million and $30 million, respectively, primarily due to unrealized losses for equity securities.”

“The Company is maintaining the prior outlook midpoint of AFFO attributable to AMT common stockholders and raising the midpoint of AFFO attributable to AMT common stockholders per share by $0.02, primarily due to capital allocation decisions.”

Source: American Tower Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AMT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total operating revenues and diluted net income per share attributable to American Tower common stockholders, each as first reported in that quarter's release. Q1 2026 and Q4 2025 revenue were both $2,737.5 million.

We do not hold a confirmed date for American Tower's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

American Tower's total operating revenues were $2,785.4 million in Q3 2026, up 2.5% from $2,717.4 million. Property revenue, the rent it charges tenants on communications sites and in data centers, was $2,734.0 million, up 4.5%, and services revenue was $51.4 million, down from $101.1 million. American Tower said property revenue growth was driven by 1.1% Organic Tenant Billings Growth and 16.3% cash revenue growth in Data Centers. (American Tower Q3 2026 release, Oct 27, 2026)

U.S. & Canada is the largest segment at $1,275.2 million, and it shrank by $43.6 million. The 10-Q puts that down to a $47.1 million decrease from straight-line accounting and $24.8 million of churn in excess of contractual escalations, primarily related to DISH, partly offset by $25.4 million from colocations and amendments. DISH, which filed for chapter 11 on June 30, 2026, was about 4% of U.S. & Canada property revenue in 2025, and since January 1, 2026 all of its revenue has been counted as churn. (American Tower Form 10-Q, Q3 2026, Oct 27, 2026)

The international and data center segments grew. Latin America property revenue rose 10.4% to $460.0 million, Africa & APAC 15.4% to $427.9 million and Europe 5.9% to $257.9 million. Data Centers, the CoreSite facilities, grew 17.4% to $313.0 million, which the 10-Q attributes to new lease commencements, customer expansions, higher power revenue and more interconnection revenue. Services fell 49.2% on lower site application, zoning and permitting, structural analysis and construction management work. (American Tower Q3 2026 release, Oct 27, 2026; American Tower Form 10-Q, Q3 2026, Oct 27, 2026)

Tenants are concentrated in each region. In 2025 AT&T, T-Mobile and Verizon Wireless together accounted for 85% of U.S. & Canada property segment revenue, Airtel and MTN for 81% of Africa & APAC, and Telefónica for 70% of Europe. In Mexico, American Tower is in arbitration with AT&T Mexico, which represented approximately $300 million of tenant revenue in 2025 and is seeking rent abatement; American Tower recorded about $30 million of additional reserves in the first nine months of 2026 and expects a final ruling in 2027. (American Tower Form 10-K, 2025, Feb 24, 2026; American Tower Form 10-Q, Q3 2026, Oct 27, 2026)

American Tower's diluted EPS fell 9.9% to $1.64 in Q3 2026 from $1.82, on net income attributable to common stockholders of $765.8 million, against $853.3 million. The quarter carried unrealized losses on equity investments of about $71.5 million, against unrealized gains of about $10.9 million a year earlier, and a lower non-cash straight-line revenue contribution. (American Tower Q3 2026 release, Oct 27, 2026)

Income tax rose to $117.6 million from $37.4 million, lifting the effective tax rate to 13.1% from 3.9%. As a REIT, American Tower deducts distributed earnings against its REIT income, so its tax rate sits below the federal statutory rate. Net income attributable to noncontrolling interests fell to $15.0 million from $59.3 million. (American Tower Form 10-Q, Q3 2026, Oct 27, 2026; American Tower Q3 2026 release, Oct 27, 2026)

AFFO attributable to common stockholders, which strips out straight-line revenue, stock-based compensation, other income and most non-real estate items, rose 2.4% to $1,335.0 million, or $2.87 per share against $2.78. American Tower bought back about 1.8 million shares for about $315 million in the quarter, and diluted weighted average shares were 465,758 thousand, against 469,039 thousand. The quarterly distribution was $1.79 per share, up 5.3%. (American Tower Q3 2026 release, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

American Tower publishes a full-year outlook and updates it each quarter. For 2026 it now expects total property revenue of $10,785 to $10,865 million, Adjusted EBITDA of $7,248 to $7,303 million and AFFO attributable to common stockholders of $11.04 to $11.16 per share. It raised the property revenue midpoint by $55 million on Data Centers outperformance, left Adjusted EBITDA unchanged and cut the net income midpoint by $30 million because of unrealized losses on equity securities. (American Tower Q3 2026 release, Oct 27, 2026)

The segment outlook has U.S. & Canada property revenue of $5,085 million to $5,095 million, a midpoint decline of 3.0% that includes a negative impact of over 3% from lower straight-line revenue, and Data Centers property revenue of $1,218 million to $1,228 million, up 16.1% at the midpoint. On October 23, 2026 the board authorized up to an additional $2.0 billion of share repurchases. (American Tower Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover American Tower, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones American Tower's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AMT is on is AMT a buy or a sell?, what analysts expect next is on the AMT forecast, and what the company does is on the American Tower Corporation (AMT) stock page.

Every number on this page can be traced to a document American Tower published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.