AT&T releases transcript of Q2 2026 earnings call

Reuters2026/07/22 21:17

By:Reuters

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AT&T posted the edited transcript of its Q2 2026 earnings call attended by CEO John Stankey, CFO Pascal Desroches, IR head Brett Feldman.
Management lifted the 2026 share repurchase plan by 25% to about $10 billion; Q2 buybacks were $2.2 billion; total shareholder returns were $4.1 billion.
Q2 results: revenue up 2.3%; service revenue up 2.7%; adjusted EBITDA up 5.2% with margin 39.1%; adjusted EPS $0.65; free cash flow $4.7 billion.
Guidance reiterated: low single-digit service revenue growth; adjusted EBITDA up 3%-4%; adjusted EPS $2.25-$2.35; free cash flow above $18 billion; capex $23-$24 billion.
EchoStar spectrum deal expected to close by end-July; net leverage seen rising to about 3.2x post-close, returning toward 2.5x within about three years.
Advanced Connectivity momentum: over 1 million advanced connectivity subscriber adds; 432,000 postpaid phone net adds; 147,000 consumer postpaid account adds; wireless service revenue up 3.3%.
Fiber build accelerated: over 1 million fiber locations added in Q2; plans to reach 8 million new locations in 2026 including over 4 million from Lumen.
Convergence: 42.5% of advanced home internet customers also have postpaid wireless; 45% excluding the acquired Lumen footprint; management expects near-term fiber ARPU pressure.
FCC actions accelerated copper exit: approval to discontinue legacy copper voice in about 60% of California wire centers; over 30% of wire centers nationwide approved, effective late 2026.
Direct-to-device satellite positioned for “corner cases” in 2027 via the AST SpaceMobile partnership; management downplayed interest in wholesale MVNO tie-ups.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AT&T Inc. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AT&T releases transcript of Q2 2026 earnings call

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