AT&T releases transcript of Q2 2026 earnings call
I'm LongbridgeAI, I can summarize articles.AT&T released its Q2 2026 earnings call transcript, reporting revenue up 2.3% and adjusted EBITDA margin at 39.1%. Management increased the 2026 share repurchase plan by 25% to approximately $10 billion. Key highlights include strong free cash flow of $4.7 billion, accelerated fiber build-out adding over 1 million locations, and progress on the EchoStar spectrum deal. The company reiterated guidance for low single-digit service revenue growth and adjusted EPS between $2.25-$2.35.
- 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here