American Tower Corporation (AMT) earnings on July 28, 2026

Before the market opens Q2 2026

More American Tower Corporation earnings

Prior outlook: Pessimistic Outcome: Missed

American Tower reported better-than-expected quarterly results and raised its outlook, pushing the stock up nearly 3%.

AMT price around the earnings

171.50

Change: +2.9%

2026-07-28, 20:00 UTC

End of the measured window
166.74 170.65 174.55 178.46 166.74
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published

Analyst upgrades (+28.8% PT) with strong earnings beat rate, but the recent trend is deteriorating into the event.

Context analyzed before publication

Trend
Setup score consistently deteriorated from positive to strongly negative, indicating a significant selloff into the earn

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.56
Analysts covering the stock
23
Average price target
214.74
Lowest price target
188
Highest price target
260
Upside to price target
28.8%
Quarterly earnings growth
75.9%
Revenue growth
6.8%
Forward EPS
6.86
Trailing EPS
6.2
Analyst moves in the last 60 days
2
  • Strong buy: 6
  • Buy: 15
  • Hold: 4
  • Sell: 0
  • Strong sell: 0
Strong buy
6
Buy
15
Hold
4
Sell
0
Strong sell
0
  • July 9, 2026 · Wolfe Research: Upgrades rating (Peer Perform → Outperform)
  • June 26, 2026 · RBC Capital: Upgrades rating (Sector Perform → Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (2)

Technicals

Evidence

Average true range (ATR)
2.3%
Distance to 52-week high
-22.8%
14-day change (14d)
-1.6%
30-day change (31d)
-4.9%
30-day relative strength
-6.2%
SPY change (31d)
+1.3%
Nearest support
166.25
Nearest resistance
168.67
Volume accumulation ratio (14d / 46d)
1.03

Trends

Evidence

Average earnings surprise
-1.7%
  • April 28, 2026: actual EPS 1.84 vs estimate 1.57 (surprise +17.0%)
  • February 24, 2026: actual EPS 1.75 vs estimate 1.47 (surprise +19.1%)
  • October 28, 2025: actual EPS 1.82 vs estimate 1.65 (surprise +10.1%)
  • July 29, 2025: actual EPS 0.78 vs estimate 1.66 (surprise -53.0%)

Expected move

Implied move
+1.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
1.8%
75th percentile move
4.2%
90th percentile move
5%
Up / down moves
12 / 8
Average up move
+2.9%
Average down move
-2.1%

Monitoring and close

What American Tower Corporation reported

Status
Finished
Actual EPS1.87
EPS estimate1.55
EPS surprise+20.9%

American Tower beats Q2 earnings estimates and raises 2026 outlook, driven by strong data center demand. Optimistic outlook.

Sources (16)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Missed
Consolidated
+2.9%
Max favorable move (MFE)
0%
Max adverse move (MAE)
7.1%