From Cooling to Backup Power, Data Center Demand Is Showing Up in Quarterly Results
American Tower reported Q3 total property revenue of $2.734 billion, up 4.5%, with Data Centers segment cash revenue up 16.3% on CoreSite outperformance. The company raised the midpoint of its full-year 2026 property revenue outlook by $55 million — its third raise this year — and now sees Data Centers segment property revenue of $1,218M-$1,228M. It spent $315 million on buybacks in the quarter, and the board authorized an additional $2.0 billion after quarter end.
Key figures
- Revenue
- $2,734 million
- Guidance
- FY2026 property revenue midpoint raised by $55 million; Data Centers segment property revenue of $1,218M-$1,228M, midpoint growth of 16.1%
- Revenue Yoy
- 4.5%
- Q3 share repurchases
- 315000000
- Organic tenant billings growth
- 1.1%
- Additional buyback authorization
- 2000000000
- Data centers cash revenue growth
- 16.3%
AI analysis
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