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$180.54 -1.89 (-1.04%) At close · Aug 20
Market Cap
$19.30B
Shares
106.09M

Price & Indicators

Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$180.54 Open$180.43 Day$180.22–182.98 52W close$165.15–223.75 Avg vol 30d1.0M Short int2.8M · 2.6% float · 2.8d Short vol40% Last earningsAug 3, 2026 DataJan 2020–Aug 2026 Filing10-Q · Aug 6

Up next

Next earnings call
Nov 5, 2026 Est · unconfirmed · in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
Latest filing: 10-Q
filed Aug 6, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Neutral
      SellHoldBuy
      Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Moderate
      Market backdrop VIX 14.9 · calm Equity put/call 0.52
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg −7%
      below
      Price vs 50-day avg −2%
      below
      RSI (14) 47
      neutral
      MACD trend Positive
      52-week position 26%
      mid-range
      Volume (OBV) Bearish div.
      distributing
      Momentum
      relative strength
      Weak
      1-month return +3%
      trailing
      6-month return −10%
      trailing
      YTD return −7%
      this year
      Relative strength −21%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $184 › 200d $193 — 200d above 50d
      Institutional flow Accumulating
      +1% holders QoQ · +88 funds added
      Insider flow Distributing
      Net -$54.8K over 90 days · 100% sells
      Short interest Falling
      2.63% of float · ▼ -5.7% MoM · 2.8 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      677 holders — mid 3-yr range
      Squeeze score 44
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +5%
      Y/Y
      Gross margin 75%
      contracting
      EPS growth +41%
      Y/Y
      Free cash flow $1.1B
      Valuation P/E 19.6
      below peers
      Buyback $1.1B
      remaining
      Balance sheet $12.6B
      net debt
      Quant / Vol
      risk profile
      Moderate
      Volatility 34%
      annualized · 1-yr
      Max drawdown −26%
      past year
      ATR 3.1%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the Earnings Call filed Dec 31, 2025
      Sprint churn · 2026 $55M – $56M
      Services revenues · 2026 $190M – $210M
      Prior guidance period ended · from the Earnings Call filed Sep 30, 2025
      Site development revenue · full year up to $20M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      2 · 4 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      −7% Bearish
      Price vs 50-day avg
      −2% Neutral
      RSI (14)
      47 Neutral
      MACD trend
      Positive Bullish
      52-week position
      26% Neutral
      Volume (OBV)
      Bearish div. Bearish
      Market signals — smart money & positioning
      Bullish · 2 of 6
      Trend (MA cross) No cross
      50d $184 › 200d $193 — 200d above 50d
      Institutional flow Accumulating
      +1% holders QoQ · +88 funds added
      Insider flow Distributing
      Net -$54.8K over 90 days · 100% sells
      Short interest Falling
      2.63% of float · ▼ -5.7% MoM · 2.8 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      677 holders — mid 3-yr range
      Price context
      position in its 52-week range
      Range low $165 Now $181 · 26% Range high $224
      vs 200-day avg -7% vs 50-day avg -2%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Adjusted EBITDA Margin non-GAAP 68% Q2 2026 —
      GAAP → non-GAAP reconciliation
      GAAP FFO 298.56M
      -3.29M Non-cash straight-line leasing revenue
      -1.66M Non-cash straight-line ground lease expense
      +26.8M Non-cash compensation
      +14.77M Adjustment for non-cash portion of tax provision and other tax adjustments
      +1.85M Non-real estate related depreciation, amortization, and accretion
      +7.76M Amortization of deferred financing costs and debt discounts and non-cash interest expense
      -10.48M Other income, net
      +5.93M Acquisition and new business initiatives related adjustments and expenses
      -15.84M Non-discretionary cash capital expenditures
      = AFFO 324.37M
      AFFO attributable to SBA Communications Corporation non-GAAP 322.52M three months ended June 30, 2026 —
      GAAP → non-GAAP reconciliation
      GAAP AFFO 324.37M
      -1.85M Adjustments for joint venture partner interest
      = AFFO attributable to SBA Communications Corporation 322.52M
      AFFO per share non-GAAP $3.05 Q2 2026 —
      GAAP → non-GAAP reconciliation
      GAAP FFO per share $2.81
      -$0.03 Non-cash straight-line leasing revenue
      -$0.02 Non-cash straight-line ground lease expense
      +$0.25 Non-cash compensation
      +$0.14 Adjustment for non-cash portion of tax provision and other tax adjustments
      +$0.02 Non-real estate related depreciation, amortization, and accretion
      +$0.07 Amortization of deferred financing costs and debt discounts and non-cash interest expense
      -$0.1 Other income, net
      +$0.06 Acquisition and new business initiatives related adjustments and expenses
      -$0.15 Non-discretionary cash capital expenditures
      = AFFO per share $3.05
      Annualized Adjusted EBITDA non-GAAP 1.94B three months ended June 30, 2026 —
      Communication sites located in the United States and its territories 17,362 As of June 30, 2026 —
      Communication sites located internationally 29,028 As of June 30, 2026 —
      Communication sites owned or operated 46,390 As of June 30, 2026 —
      Domestic Segment operating profit 381.02M three months ended June 30, 2026 —
      Domestic Site Leasing Segment operating profit margin 84.2% Q2 2026 —
      FFO non-GAAP 298.56M three months ended June 30, 2026 —
      Int'l Segment operating profit 148.79M three months ended June 30, 2026 —
      Int'l Site Leasing Segment operating profit margin 70.4% Q2 2026 —
      Net debt non-GAAP $12.39B June 30, 2026 —
      Net Secured Debt non-GAAP $9.39B June 30, 2026 —
      Site Development Segment operating profit 9.46M three months ended June 30, 2026 —
      Site Development Segment operating profit margin 18.4% Q2 2026 —
      Sites acquired during the second quarter 6 Q2 2026 —
      Sites built during the second quarter 109 the second quarter —
      Total capital expenditures 110.82M H1 2026 —
      Total communication sites owned 46,390 Q2 2026 —
      Total non-discretionary capital expenditures 15.84M three months ended June 30, 2026 —
      Communication sites acquired 10 Q1 2026 —
      Total communication sites owned or operated 46,358 As of March 31, 2026 —
      Domestic communication sites 17,394 As of December 31, 2025 —
      International communication sites 28,934 As of December 31, 2025 —
      Net Secured Debt to Annualized Adjusted EBITDA Leverage Ratio non-GAAP 4.9 Q4 2025 —
      Non-discretionary cash capital expenditures $15.7M Q4 2025 —
      Shares repurchased during the quarter 1.1M Q4 2025 —
      Shares repurchased for the quarter (detail) 1.1M Q4 2025 —
      Sites acquired during the quarter 2,026 Q4 2025 —
      Tower cash flow non-GAAP $527.8M Q4 2025 —
      GAAP → non-GAAP reconciliation
      GAAP Site leasing revenue 666.22M
      -2.86M Non-cash straight-line leasing revenue
      -130.67M Site leasing cost of revenues (excluding depreciation, accretion, and amortization)
      -476K Non-cash straight-line ground lease expense
      = Tower Cash Flow 532.21M
      Towers built during the quarter 164 Q4 2025 —

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      REIT - Specialty — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      SBAC
      Sba Communications Corp
      this stock
      		$19.30B -6.7% +5.1% 19.6 2.6%
      EQIX
      Equinix Inc
      		 $105.06B +41.3% +7.8% 68.5 1.9%
      AMT
      American Tower Corp /Ma/
      		 $81.87B +0.1% +5.1% 28.3 1.6%
      DLR
      Digital Realty Trust, Inc.
      		 $66.76B +25.6% +10.0% — 2.4%
      IRM
      Iron Mountain Inc
      		 $36.34B +48.2% +8.3% 86.6 2.8%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      677
      % held
      99.6%
      Net QoQ
      +2.6M sh
      Top holder
      Dodge & Cox
      Held Float
      View
      Held by Funds
      Fund positions
      714
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      2.8M
      Days to cover
      2.8d
      Change
      -170.3K sh
      View
      Short Volume
      Short vol %
      40%
      As of
      Aug 20, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      229
      Value
      $40.1K
      As of
      Jul 29, 2026
      View
      Off-Exchange
      Off-exchange %
      40.9%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$54.8K
      Buyers / Sellers
      0 / 1
      Buyers Sellers
      View
      Congressional Trades Sell
      Member
      Gilbert Cisneros
      Amount
      $1.0K–$15.0K
      Traded
      Jan 9, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $2.8B
      Net income (FY)
      $1.1B
      EPS diluted
      $9.80
      View
      Buybacks
      Authorized
      $1.5B
      Remaining
      $1.1B
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Aug 6, 2026
      This year
      14
      View
      Proposed Sales
      Value
      $54.8K
      Shares
      300
      Filed
      Aug 17, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Aug 3, 2026
      View
      Investor Relations
      Latest news
      SBA Communications Corporation Re…
      Published
      Aug 3, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      SBAC -3.0% +3.3% -10.3% -0.2% -6.7%
      SPY -2.0% +3.3% +11.2% +2.1% +11.8%
      vs SPY -1.1% -0.1% -21.4% -2.3% -18.5%

      Capital returns

      Latest dividend
      $1.25 / share · ex Aug 20, 2026
      Raised 12.6%
      Paid (TTM)
      $4.86 / share · 4 payouts
      Dividend yield (TTM, derived)
      2.69%
      Buyback program · as of Aug 6, 2026
      Authorized
      $1.50B
      Spent (derived)
      $400.00M
      Remaining
      $1.10B
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1034054 CUSIP 78410G104 13F (30d) 616 filings 586 filers Visit website Investor relations

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