AT&T Q2 profit beats on subscriber additions
T•Outlook
- AT&T reiterates all consolidated full-year 2026 and multi-year financial guidance
- Company expects 2026 adjusted EPS of $2.25 to $2.35
- AT&T sees 2026 free cash flow of $18 bln+, rising to $21 bln+ in 2028
Overview
- US telecom operator's Q2 revenue rose 2.3% yr/yr, slightly missing analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Company to accelerate 2026 share repurchases to about $10 bln
Result Drivers
- Advanced connectivity growth - Co said Q2 results were driven by increases in fiber, fixed wireless, and postpaid phone subscribers, leading to record net adds in these categories
- Fiber acquisition impact - Growth in fiber revenues included the impact of the first-quarter acquisition of Lumen's mass markets fiber business
- Legacy revenue decline - Legacy segment revenues continued to fall as co decommissions its copper-based network
Key details and analyst coverage
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