Crown Castle (CCI) Q1 FY26 earnings call

A transition year built on three levers: closing the small-cell/fiber divestiture to become a pure-play US tower operator, extracting cost and land-ownership efficiencies to close the margin gap versus peers, and litigating to preserve the terminated DISH value. Management frames current organic growth as the trough, positioning spectrum auctions from 2027 and edge-compute optionality as second-half-and-beyond upside.