American Tower Raises 2026 Outlook: Why AMT Stock Is Moving Today
American Tower raised its 2026 forecast after first-quarter revenue rose 6.8% to $2.74 billion and net income jumped 76.2% to $879 million, both topping estimates. The company now expects up to $10.74 billion in property revenue for the year, citing strong demand for towers and data centers. Shares climbed 1.9% in morning trading. The outlook includes a $107 million boost from foreign exchange gains.