American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates

American Tower Corporation (NYSE:AMT) is one of the 8 Best Infrastructure Stocks to Buy with Highest Upside Potential.

On April 28, 2026, American Tower Corporation (NYSE:AMT) reported first-quarter AFFO of $2.84 per share, well above consensus estimates of $2.50, while revenue rose to $2.74 billion from expectations of $2.65 billion. CEO Steve Vondran said the company got off to a strong start in 2026, citing long-term demand drivers such as rising mobile data usage, faster cloud adoption, and growing AI-related workloads that continue to support investment in digital infrastructure.

American Tower also raised its full-year outlook, projecting fiscal 2026 AFFO of $10.90 to $11.07 per share, above consensus estimates of $10.87. The company expects revenue of $10.59 billion to $10.74 billion, compared with analyst expectations of $10.8 billion.

American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates

On April 15, 2026, Mizuho upgraded American Tower Corporation (NYSE:AMT) to Outperform from Neutral and raised its price target to $205 from $189. The firm noted that the stock had fallen 19% over the past year while REITs gained roughly 10%, and said several negatives already appear priced in. Mizuho also pointed to improving domestic and international tower fundamentals and said the company’s data center business remains materially undervalued with multiple paths to unlock value.

American Tower Corporation (NYSE:AMT) is one of the world’s largest REITs and owns, operates, and develops communications infrastructure leased to wireless carriers, broadcasters, government agencies, and other tenants.

While we acknowledge the risk and potential of AMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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