---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-191545"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:32:02.717218+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SBA Q1 AFFO $3.03/share; raises full-year outlook; declares $1.25 dividend

## Summary
- Net income $184.8M ($1.74 diluted EPS); AFFO per share $3.03, down 4.7% YoY.
- Site leasing revenue $656.1M (+6.5% YoY); Tower Cash Flow margin ~80%.
- Full year 2026 outlook increased across all key metrics; net debt/EBITDA 6.6x.
- Declared quarterly cash dividend $1.25/share, payable June 17, 2026 to holders of record May 22.
- CEO cites steady carrier activity, increasing domestic backlogs, build-to-suit with Millicom.

## SEC filing metadata
- accession: 0001193125-26-191545
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/0001193125-26-191545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/d49075d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-191545
- JSON: https://secwatch.observer/filing/0001193125-26-191545.json
- Plain text: https://secwatch.observer/filing/0001193125-26-191545.txt

## Key facts
- Earnings Releases
  SBA COMMUNICATIONS CORP reported the first quarter ended March 31, 2026 results: revenue $656.1 million, net income $184.9 million, EPS $1.74. Guidance raised.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $656.1 million
  - Net income: $184.9 million
  - EPS: $1.74
  - Guidance: raised
  - Result: reported results
  source text: SBA Communications Corporation issued a press release announcing its financial and operational results for the first quarter ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/0001193125-26-191545-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.