| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 41.00 | 16.3% | 21.1% |
| Total Income | 41.00 | 16.3% | 21.1% |
| Expenditure | 538.00 | 1.3% | 2.9% |
| PBT | 303.00 | 34.7% | 12.6% |
| Net Profit | 94.00 | 37.8% | 67.7% |
| OPM | 100.00% | 0.00pp | 0.00pp |
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.22 | 35.3% | 67.2% |
Crown Castle Reports Q2 2026 Results and Updates Full Year 2026 Outlook
23 Jul 2026 · 23 Jul, 1:52 am
Summary
Crown Castle reported its second quarter 2026 results, with site rental revenues at $967 million, down 4% year-over-year. Net income decreased to $94 million from $291 million in the prior year quarter. However, AFFO saw a 10% increase to $488 million, or $1.13 per share, driven by a decrease in interest expense and an increase in interest income following the sale of its Fiber and Small Cell businesses. The company also updated its full year 2026 outlook, guiding for a $5 million increase in site rental revenues.
Key Highlights
- 1
Crown Castle reported second quarter 2026 results and updated its full year 2026 Outlook.
- 2
Site rental revenues for the second quarter of 2026 were $967 million, a decrease of 4% compared to $1,008 million in the second quarter of 2025.
- 3
Net income for the second quarter of 2026 was $94 million, a decrease from $291 million in the second quarter of 2025.
- 4
AFFO for the second quarter of 2026 was $488 million, or $1.13 per share, representing a 10% increase from the second quarter of 2025.
- 5
The company updated its full year 2026 Outlook, including a $5 million increase to site rental revenues.
- 6
Capital expenditures from continuing operations during the second quarter were $59 million, an increase of 48% compared to $40 million in the second quarter of 2025.
Management Comments
Chris Hillabrant
We delivered a solid second quarter, positioning us to increase our full year 2026 guide for AFFO. On May 1st, we successfully completed a significant milestone in the transformation of our business by concluding the sale of our Fiber and Small Cell businesses. We continue to focus on becoming a best-in-class US tower operator by driving operating efficiencies, increasing land ownership under our towers, modernizing our systems, and improving customer experience. With a clear pure-play US tower strategy, a disciplined capital allocation framework, and an investment-grade balance sheet, we believe we are well positioned to deliver attractive long-term shareholder returns.
Sunit Patel
In the second quarter we delivered solid results and closed the sale of our Fiber and Small Cell businesses for $8.4 billion of net proceeds. Consistent with our capital allocation framework and investment grade balance sheet, following the close of the sale transaction we completed $1 billion of share repurchases and repaid more than $7 billion of debt. We ended the second quarter with a strong balance sheet including 100% fixed rate debt, a weighted average debt maturity of approximately 7 years, and approximately $4.5 billion of availability under our revolving credit facility.
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