Crown Castle

Q2 FY2026 EarningsQ2 2026 site rental revenue was $967M, down 4% YoY, primarily impacted by DISH and Sprint cancellations. However, AFFO rose 10% YoY to $488M ($1.13 per share), driven by significantly lower interest expense following the $8.4B sale of the Fiber and Small Cell businesses. Management updated the FY26 Outlook, increasing the AFFO midpoint to $1,975M and Net Income to $870M, while planning $1B in share repurchases and $7B in debt repayment.