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Sba Communications 8-K Report, Financial Results (Aug 3, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 3, 2026
Period End
August 3, 2026
Security
SBAC
In the record · 2016–202610-K1110-Q328-K107

SBAC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 107 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’20May ’20
  2. Leadership change8-K · Jun ’22Jun ’22
  3. Material agreement8-K · Oct ’24Oct ’24

01—Abstract

Summary

Summary of the 8-K filed August 3, 2026. Cited figures are marked; the original filing is the authoritative source.

SBA Communications Corporation (Nasdaq: SBAC) reported results for the second quarter ended June 30, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K.

Site leasing revenue was $663.9 milliona, up 5.1% from $631.8 million a year earlier (3.0% excluding FX), while net income attributable to SBA was $198.8 million, or $1.87 per diluted share. Adjusted EBITDA was $483.8 million and AFFO per share was $3.05, compared with $3.17 in the prior-year quarter. Tower cash flow rose to $524.9 million, and the company ended the quarter with net debt to annualized Adjusted EBITDA leverage of 6.4x.

The company updated its full-year 2026 outlook, now projecting site leasing revenue of $2,651.0 million to $2,676.0 millionb, Adjusted EBITDA of $1,920.0 million to $1,940.0 million, and AFFO per share of $11.95 to $12.40. Management said it expects the increase in outlook for AFFO and revenue to be driven in part by new tower construction in Central America. The company also declared a quarterly cash dividend of $1.25 per share, payable September 17, 2026, to holders of record on August 20, 2026.

Subsequent to quarter end, SBA completed its inaugural $3.5 billionc of unsecured senior notes, used the proceeds to repay the $1.0 billion revolving credit facility and the $2.2 billion 2024 Term Loan, and entered into a new $2.5 billion unsecured revolving credit facility maturing July 23, 2031. Management noted that S&P upgraded the company to BBB and that $1.1 billion remained authorized under its stock repurchase plan.

02—Key points

Key Highlights

  1. Site leasing revenue of $663.9 million rose 5.1% year over year, or 3.0% excluding foreign currency effects.
  2. Net income attributable to SBA was $198.8 million, or $1.87 per diluted share, versus $2.09 per diluted share a year earlier.
  3. AFFO per share was $3.05 versus $3.17 in Q2 2025, a decline of 3.8% as reported (6.0% excluding FX).
  4. Adjusted EBITDA was $483.8 million, up 1.8% year over year, with an Adjusted EBITDA margin of 68.0%.
  5. Full-year 2026 outlook updated: site leasing revenue of $2,651.0 million to $2,676.0 million and AFFO per share of $11.95 to $12.40.
  6. Refinanced secured debt with $3.5 billion of inaugural investment grade senior unsecured notes and a new $2.5 billion unsecured revolving credit facility; S&P upgraded the company to BBB.
  7. Declared a quarterly cash dividend of $1.25 per share, payable September 17, 2026.

03—Questions

Frequently Asked Questions

  1. How did SBA perform in the second quarter of 2026?

    Site leasing revenue grew 5.1% to $663.9 million and Adjusted EBITDA rose 1.8% to $483.8 million. Net income attributable to SBA was $198.8 million, or $1.87 per diluted share, compared with $2.09 per diluted share in Q2 2025. AFFO per share fell to $3.05 from $3.17.

  2. Did SBA change its 2026 guidance?

    Yes. The company updated its full-year 2026 outlook, with site leasing revenue of $2,651.0 million to $2,676.0 million, Tower Cash Flow of $2,091.0 million to $2,111.0 million, Adjusted EBITDA of $1,920.0 million to $1,940.0 million, and AFFO per share of $11.95 to $12.40. Versus the April 29, 2026 outlook, the midpoint of site leasing revenue rose by $2.0 million and AFFO per share rose by $0.02.

  3. What was the dividend announcement?

    The Board declared a quarterly cash dividend of $1.25 per share of Class A Common Stock, payable September 17, 2026, to shareholders of record at the close of business on August 20, 2026. The company paid $132.7 million in dividends in the second quarter.

  4. How did SBA change its debt structure after quarter end?

    On July 23, 2026, SBA issued $1.35 billion of 4.875% notes due 2030, $1.35 billion of 5.150% notes due 2031, and $0.8 billion of 5.450% notes due 2033, with a blended rate of 5.113%. Proceeds repaid the $1.0 billion revolver and the $2.2 billion 2024 Term Loan. The company also entered into a new $2.5 billion unsecured revolving credit facility maturing July 23, 2031, and had no amounts outstanding under it as of the press release date.

  5. What is SBA's leverage position?

    At June 30, 2026, SBA had $12.8 billion of total debt and $12.4 billion of net debt. Its net debt to annualized Adjusted EBITDA leverage ratio was 6.4x, within its 6.0x to 7.0x target range, and its net secured debt leverage ratio was 4.9x.

04—Continue

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