Crown Castle Q2 revenue falls 4% to $967 million; AFFO rises 10%, outlook edged up
Crown Castle reported second-quarter 2026 results on July 22, 2026. Site rental revenues fell 4% to $967 million and net income fell to $94 million from $291 million, while AFFO rose 10% to $488 million, helped by lower interest expense after the sale of its Fiber and Small Cell businesses. The company raised the midpoint of its full-year 2026 AFFO outlook by $5 million to $1,975 million.
Key points
- Q2 2026 site rental revenues were $967 million, down from $1,008 million in Q2 2025; diluted EPS was $0.22 versus $0.67.
- Q2 2026 AFFO was $488 million, or $1.13 per share, up 10% from Q2 2025.
- Full-year 2026 AFFO outlook midpoint rose $5 million to $1,975 million; AFFO per share midpoint was unchanged at $4.59.
- The Fiber and Small Cell sale closed May 1, 2026 for $8.4 billion in net proceeds, and the company completed $1 billion of share repurchases after the close.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.