American Tower Corporation reported a robust first-quarter in 2026, with revenues of $2.74 billion and a net income of $859.5 million, prompting the company to raise its full-year outlook to an adjusted funds from operations (AFFO) of between $10.90 and $11.07 per share. This optimism is driven by a significant 17% growth in cash revenues from its data center business, fueled by increasing demand for hybrid cloud solutions and AI technologies. Mizuho's recent upgrade to 'Outperform' and an increased price target reflects the company's favorable market position amidst rising global investments in digital infrastructure.
“American Tower · rose · stock · ~2%”
“American Tower · has raised · its full year outlook · as it seeks to benefit from rising demand for digital infrastructure tied to cloud and AI use cases”
“American Tower · reported · revenue · US$2,737.5 million”
“American Tower · reported · net income · US$859.5 million”
“American Tower · has a buyback program · active since 2017 · US$567.55 million”
“American Tower Corporation · has · annual dividend yield · 3.87%”
“American Tower Corporation · is included among · the 10 Best High-Yield Dividend Growth Stocks · to Buy Right Now”
“American Tower · has a return · over the last year · -14.0%”
“American Tower · has a free cash flow · latest twelve month · $5.0b”
“American Tower · has an estimated free cash flow · by 2035 · $8.3b”
“American Tower · trades at a discount · to its DCF estimate · 33.6%”
“American Tower · trades on a P/E of · 32.32x”
