SBA Communications Corp. (SBAC): 2Q26 First Take: Steady carrier activity and largely in-line results and outlook

Research evidence excerpt

SBA Communications Corp. (SBAC): 2Q26 First Take: Steady carrier activity and largely in-line results and outlook

stimates and

forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as

appropriate, but various regulations may prevent us from doing so. Other than certain industry reports published on a periodic basis, the large majority

of reports are published at irregular intervals as appropriate in the analyst’s judgment.

Goldman Sachs conducts a global full-service, integrated investment banking, investment management, and brokerage business. We have investment

banking and other business relationships with a substantial percentage of the companies covered by Global Investment Research. Goldman Sachs & Co.

LLC, the United States broker dealer, is a member of SIPC (https://www.sipc.org).

Our salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies to our clients and principal

trading desks that reflect opinions that are contrary to the opinions expressed in this research. Our asset management area, principal trading desks and

investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this research.

The analysts named in this report may have from time to time discussed with our clients, including Goldman Sachs salespersons and traders, or may

discuss in this report, trading strategies that reference catalysts or events that may have a near-term impact on the market price of the equity securities

discussed in this report, which impact may be directionally counter to the analyst’s published price target expectations for such stocks. Any such