American Tower beats revenue estimates as 5G and AI demand fuels growth
The company reported fourth-quarter revenue of $2.74 billion today as 5G rollouts and AI workloads fueled leasing. Data center demand also remained robust.
Insights:
American Tower Corporation announced on February 24, 2026, that it generated fourth-quarter revenue of $2.74 billion, surpassing the $2.69 billion estimate previously set by analysts. The company attributed the beat to stronger leasing activity from telecom carriers and continued momentum in its data-center business. This growth reflects increased demand for tower space and related infrastructure amid the ongoing rollout of 5G technology and the expansion of AI-related workloads.
The results highlight significant sector-level demand for communications infrastructure, particularly within the US 
US. The company noted that the revenue performance was underpinned by accelerating 5G deployments and growing hybrid-cloud and AI-related workloads. Steven Vondran and the company indicated that these factors are driving robust leasing demand across the global tower portfolio and data-center business.
US. The company noted that the revenue performance was underpinned by accelerating 5G deployments and growing hybrid-cloud and AI-related workloads. Steven Vondran and the company indicated that these factors are driving robust leasing demand across the global tower portfolio and data-center business.
