Guidance+1
Current guidance was classified as raised.
Low confidenceEarnings thesis change · rubric v1.0
CCI CROWN CASTLE INC.
Fiscal Q3 FY2026 · quarter ended September 30, 2026 · reported 2026-11-04
SEC filings and exhibits only
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Nov 4, 2026 at 9:19 PM UTC
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Nov 4, 2026 at 9:19 PM UTC
ACCOUNTING RISK · CLEAR
No auditor changes, restatements, late filings, or listing notices in the last 12 months.
from SEC filings · 2026-10-09
Thesis change
Strengthened
Legacy analysis
Legacy analysis: only the dimensions classifiable by the pre-v1 pipeline are shown.
- Legacy analysis: scored by the pre-v1 pipeline; deep evidence has not been re-verified.
- 5 thesis dimension(s) lack comparable evidence
Reported facts
GAAP facts are reported by the company. Comparable figures are EarnIQ arithmetic using only quantified adjustments disclosed in the linked SEC exhibit.
Reported revenue$3.0M
1. Three decisive changes
Largest quantified changes versus the company's own history.
+120.3%
Net income — year over year
$94.0M vs $-464.0M a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
-9.8%
Operating income — year over year
$470.0M vs $521.0M a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
-5.0%
Revenue — year over year
$1.0B vs $1.1B a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
2. Was it already expected?
Consensus classifications require timestamped pre-report snapshots and eight-quarter surprise history.
| Item | Actual | Expected | Gap | Class |
|---|---|---|---|---|
| Consensus comparison coming soon. | ||||
3. Management consistency
Only attributable, measurable and dated commitments are counted. Delivery record: 6 being tracked.
| Promise | Target | Outcome | Status | Evidence |
|---|---|---|---|---|
| Full Year 2026 Outlook midpoint for AFFO per share is $4.60eps · made 2026-11-04 | $4.60FY 2026 | — | Pending | 8-K 0001051470-26-0000 |
| Full Year 2026 Outlook midpoint for AFFO is $1,980 millionother · made 2026-11-04 | $1,980 millionFY 2026 | — | Pending | 8-K 0001051470-26-0000 |
| Full Year 2026 Outlook midpoint for Adjusted EBITDA is $2,715 millionother · made 2026-11-04 | $2,715 millionFY 2026 | — | Pending | 8-K 0001051470-26-0000 |
| Full Year 2026 Outlook midpoint for Diluted net income per share is $2.08eps · made 2026-11-04 | $2.08FY 2026 | — | Pending | 8-K 0001051470-26-0000 |
| Full Year 2026 Outlook midpoint for Net income is $895 millionother · made 2026-11-04 | $895 millionFY 2026 | — | Pending | 8-K 0001051470-26-0000 |
| Full Year 2026 Outlook midpoint for Site rental revenues is $3,875 millionrevenue · made 2026-11-04 | $3,875 millionFY 2026 | — | Pending | 8-K 0001051470-26-0000 |
4. What matters next
One deciding measurable condition plus up to two supporting checkpoints.
The deciding condition
EPS for the guided period lands within $1.76–$2.41
StrengthensReported EPS above $2.41
InvalidatesReported EPS below $1.76
Revenue within $3.853K–$3.898K
Strengthens: Revenue above $3.898KWeakens: Revenue below $3.853KCrown Castle raised its full year 2026 midpoint guidance for Adjusted EBITDA by $25 million to $2,690-$2,740 million and AFFO by $5 million to $1,955-$2,005 million.
5. Risks that changed
New or materially worsened items only; unchanged boilerplate is omitted.
No new or materially worsened risk has been source-verified.
From 10-K filings · EDGAR
0
new risk disclosures added
19
old ones removed
FY2025 10-K vs prior year, boilerplate filtered out — these are idiosyncratic changes, and tone is about unchanged.
6. Evidence drawer
Source location, short anchor and visible arithmetic for every verified claim.
DC1 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Net income · quarter ended 2026-06-30Net income: +120.3% year over year
(94,000,000 − -464,000,000) ÷ 464,000,000 = +120.3% YoYDC2 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Operating income · quarter ended 2026-06-30Operating income: -9.8% year over year
(470,000,000 − 521,000,000) ÷ 521,000,000 = -9.8% YoYDC3 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Revenue · quarter ended 2026-06-30Revenue: -5.0% year over year
(1,008,000,000 − 1,061,000,000) ÷ 1,061,000,000 = -5.0% YoYWN1 8-K Exhibit 99.1 (earnings release, via EDGAR)
Guidance disclosed for Q3 FY2026EPS for the guided period lands within $1.76–$2.41
Strengthens: Reported EPS above $2.41 · Invalidates: Reported EPS below $1.76