# American Tower Q3 2026 Earnings Report

> American Tower raises full-year guidance as data center growth outperforms.
- Title: American Tower Q3 2026 Earnings Report · The Motley Fool
- Summary: American Tower raises full-year guidance as data center growth outperforms. American Tower reported 4.5% property revenue growth with 16.3% data center cash…
- Keywords: american tower, core site, data center, tower leasing, affo, revenue growth, share repurchase, canada divestiture, ai traffic, finance, money, American
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/27/american-tower-amt-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-27T15:39:21+00:00
- Read time: 2 min
- Topics: american tower, core site, data center, tower leasing, affo, revenue growth, share repurchase, canada divestiture, 5g, ai traffic, finance, money
## Q3 Revenue Highlights
Total revenue reached $2.785 billion, a 2.5% increase driven by property leasing growth.
## Data Center Performance
CoreSite delivered 16.3% cash revenue growth with record leasing activity and pricing leverage.
## Organic Growth Breakdown
US and Canada growth flat at 0% due to DISH-related churn; Africa and APAC grew over 8%; Europe over 4%; Latin America declined 2%.
## Share Repurchase Activity
Repurchased $315 million in Q3 with additional $68 million through Oct. 20, 2026, increasing authorization to $3.1 billion.
## Canada Divestiture
Sold Canadian portfolio for $202 million to recycle capital into higher-growth opportunities.
## Net Leverage Ratio
Maintained net leverage ratio of 4.9x within target range of 3x to 5x.
## Full-Year Guidance
Raised property revenue guidance to $10.785 billion to $10.865 billion with AFFO per share guidance at $11.04 to $11.16.
## Data Center Development
Spent $695 million on data center capacity to support growing AI and cloud demand.
## AI Traffic Projections
CTIA expects AI traffic to grow three times faster than traditional wireless traffic by 2034.
## 5G Densification
Carriers adding equipment to existing sites to improve network capacity and density.
## Spectrum Deployment
New spectrum cycle beginning with upper C-band in 2027 to drive equipment upgrades.
## Starlink Opportunity
American Tower positioned as premier tower vendor for Starlink's US network build.
## 2026 as Trough Year
2026 represents trough for organic growth with inflection expected in 2027 as DISH churn subsides.
## Services Revenue Impact
Services EBITDA reduced by $15 million due to timing shifts in customer projects.
## Full-Year Services Revenue
Revised services revenue guidance down to $220 million due to project delays.
## 2027 Growth Outlook
Expected organic growth acceleration in 2027 as DISH-related churn headwinds subside.
## Key takeaway

American Tower reported 4.5% property revenue growth with 16.3% data center cash revenue growth, raising full-year 2026 guidance to $10.785 billion property revenue and $11.04-$11.16 AFFO per share.