$CCI · CROWN CASTLE INC.
Crown Castle filed its 10-Q for Q3 FY2026 (ended September 30, 2026). Revenue declined 7.2% YoY to $995M, driven by the May 1, 2026 sale of the Fiber business, which is now reported as discontinued operations. GAAP EPS was $0.67 and net income $283M, with operating margin of 46.7%. The Fiber divestiture generated $8.4B in net cash proceeds, used in part for $4.19B of debt repurchases and $1.04B of share buybacks.
- Revenue fell 7.2% YoY to $995M in Q3 FY2026.
- GAAP EPS was $0.67 with net income of $283M.
- Operating margin was 46.7%.
- Fiber sale closed May 1, 2026, generating $8.4B net cash proceeds.
- Company repurchased $4.19B of debt and $1.04B of stock in nine months.
Stock rose 6.46% to $92.17 in regular trading; extended-hours last trade of $92.11 is essentially flat (-0.07%) versus the close.
The Fiber divestiture transforms Crown Castle into a pure-play tower REIT while funding aggressive deleveraging and buybacks.
The Fiber divestiture leaves Crown Castle as a pure-play U.S. tower REIT, simplifying its structure versus diversified peers.
DISH-related claims and their recovery remain uncertain; the company also cites restructuring charges and debt covenant compliance as ongoing considerations.