American Tower (AMT) Q1 FY26 earnings call

Management framed Q1 as a strong start with the company on its firmest strategic footing in a decade, the guidance raise driven mainly by FX and straight-line tailwinds rather than operating upside. The thesis pivots on durable tower demand from mobile-data growth and a compounding CoreSite interconnection platform now inflecting on AI, as the business works through event-driven DISH and Brazil churn toward reaccelerating growth in 2027–2028.