American Tower Corp

AMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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American Tower Earnings: EchoStar Will Dent 2026 Revenue, but We Still Expect Recovered Value

Michael Hodel

Feb 25, 2026

American Tower delivered 7.5% revenue growth in the fourth quarter, with 5.9% underlying organic tenant billings growth driven by solid results in the US. For 2026, the firm expects only 1% organic billings growth, with 3 percentage points of pressure from the loss of EchoStar revenue.

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American Tower Corp

American Tower Earnings: EchoStar Will Dent 2026 Revenue, but We Still Expect Recovered Value

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