Monitor the Q2 earnings call for updates on the fiber business sale closing timeline and initial guidance for 2027, as the current outlook remains unchanged despite revenue declines.
Price Chart
Executive Summary
Crown Castle reported Q1 2026 results with site rental revenue of $961M, down 4.9% YoY due to $49M in DISH terminations and $5M from Sprint cancellations. The company maintained its full-year 2026 guidance, projecting 3.3% organic growth excluding these impacts, and reaffirmed plans to repurchase $1B in shares and repay $7B in debt following the $8.5B fiber business sale.
Key Financial Metrics
Key Facts
- Q1 2026 site rental revenue was $961M, down 4.9% YoY
- AFFO per share was $1.02, down 7% YoY
- Full-year 2026 guidance maintained with $3.83B site rental revenue midpoint
- DISH terminations and Sprint cancellations reduced revenue by $240M for 2026
- Company plans $1B share repurchase and $7B debt repayment after fiber sale closes
Financial Impact
Revenue down 4.9% YoY due to $49M DISH terminations and $5M Sprint cancellations
Risk Factors
- Continued revenue pressure from DISH and Sprint terminations
- Execution risk on the $8.5B fiber business divestiture
- Potential for further tenant churn in the wireless infrastructure sector
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001051470-26-000046 |
| Document: q12026earningsrelease.htm | 0001051470-26-000046 |
| Document: cci-20260422.htm | 0001051470-26-000046 |
| Document: 0001051470-26-000046-index-headers.html | 0001051470-26-000046 |
| Document: 0001051470-26-000046-index.html | 0001051470-26-000046 |
| Document: 0001051470-26-000046.txt | 0001051470-26-000046 |
| 8-K Data (Synthetic) | 0001051470-26-000046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | 8-K | $73.25 $72.37 | ▼ −1.20% | ▼ −3.31% | $66.37 (−9.39%) |
Aug 14, 2026 6w ago | Institutional Cluster | $74.44 $76.40 | ▲ +2.63% | ▲ +3.82% | $66.37 (−10.84%) |
Jul 24, 2026 10w ago | Court Ruling | $74.90 $76.51 | ▲ +2.15% | ▲ +1.78% | $66.37 (−11.39%) |
Jul 22, 2026 10w ago | Press Release | $74.57 $76.51 | ▲ +2.60% | ▲ +2.13% | $66.37 (−11.00%) |
May 20, 2026 19w ago | 8-K | $92.03 $91.45 | ▼ −0.63% | ▼ −2.48% | $66.37 (−27.89%) |
May 1, 2026 21w ago | 8-K | $90.11 $90.55 | ▲ +0.49% | ▼ −2.45% | $66.37 (−26.35%) |
May 1, 2026 22w ago | 8-K | $89.20 $90.52 | ▲ +1.48% | ▼ −0.87% | $66.37 (−25.60%) |
May 1, 2026 22w ago | Press Release | $89.20 $90.52 | ▲ +1.48% | ▼ −0.87% | $66.37 (−25.60%) |
Apr 22, 2026 23w ago | 8-K | $87.30 $85.87 | ▲ +1.64% | ▲ +3.12% | $66.37 (+23.98%) |
Apr 22, 2026 23w ago | Press Release | $87.30 $85.87 | ▼ −1.64% | ▼ −3.12% | $66.37 (−23.98%) |
US Market Status
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