$AMT 8-K earnings — Q2 FY26

EPS of $1.86 beat consensus by $0.12 (6.9%), driven by a $42.1M FX gain vs a $484M loss last year. Revenue of $2.75B missed slightly, but property revenue grew 6.3% on record CoreSite leasing. The market may miss that net income surged 133% largely due to the non-operating FX swing; core AFFO per share grew a more modest 4.2%, and guidance was raised for the second time this year.

EPS of $1.86 beat consensus by $0.12 (6.9%), driven by a $42.1M FX gain vs a $484M loss last year. Revenue of $2.75B missed slightly, but property revenue grew 6.3% on record CoreSite leasing. The market may miss that net income surged 133% largely due to the non-operating FX swing; core AFFO per share grew a more modest 4.2%, and guidance was raised for the second time this year.