SBA Communications Corp Class A

SBAC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SBA Earnings: Few Surprises as Management Says Buyout Rumors Lack a Basis

Michael Hodel

Apr 30, 2026

SBA Communications delivered 5% growth in the first quarter, primarily due to the acquisition of Millicom's tower portfolio in Central America. Tower revenue in the US declined 2%, as the loss of EchoStar and Sprint revenue offset 4% growth across the firm's other tenants.

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SBA Communications Corp Class A

SBA Earnings: Few Surprises as Management Says Buyout Rumors Lack a Basis

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