AT&T Pledges $250B Investment, Reaffirms 2026 EPS Guidance and $45B Returns
AT&T will invest over $250 billion to expand U.S. fiber and wireless networks, enhance resilience, deploy always-on connectivity and train its workforce. The company reiterated full-year 2026 adjusted EPS guidance of $2.25–$2.35, projects 3–4% EBITDA growth in 2026 rising to 5% by 2028, and plans $45 billion in shareholder returns.
1. $250 Billion Infrastructure Investment Plan
AT&T is allocating $250 billion over coming years to upgrade U.S. telecommunications, focusing on fiber deployment, wireless network expansion, always-on connectivity solutions and workforce training. The company emphasizes network resilience upgrades and modernized critical infrastructure to support future innovation, economic growth and nationwide competitiveness.
2. Reaffirmed 2026 Guidance and Shareholder Returns
The company reiterated its full-year 2026 adjusted EPS target of $2.25–$2.35 and anticipates adjusted EBITDA growth of 3–4% in 2026, accelerating to 5% or higher by 2028. It plans to return over $45 billion to shareholders through dividends and share repurchases from 2026 to 2028.
3. Technical Momentum and ETF Implications
Shares are trading above both the 50-day and 100-day moving averages, reflecting short-term bullish sentiment despite neutral RSI and bearish MACD signals. Significant weight in major communication services ETFs means any large fund inflows or outflows could trigger automatic buying or selling of AT&T stock.