AT&T reported second-quarter 2026 results with revenue of $31.6 billion and adjusted diluted EPS of $0.65, reflecting year-over-year improvement driven by its Advanced Connectivity strategy. The company reiterated multi-year guidance and accelerated share repurchases to about $10 billion in 2026 while maintaining a strong capital return plan for 2026–2028. Management highlighted record combined fiber and fixed wireless net adds and expanding converged customer penetration.
Financial Highlights
- Revenue: $31.6 billion for the second quarter, up 2.3% year over year.
- Operating income: $7.0 billion for the quarter; adjusted operating income: $7.5 billion.
- Income from continuing operations: $5.0 billion; income attributable to common stock: $4.6 billion.
- Adjusted diluted EPS (continuing operations): $0.65; diluted EPS from continuing operations: $0.66.
- Adjusted EBITDA: $12.3 billion; free cash flow: $4.7 billion for the quarter.
Business Highlights
- Added over 1 million Advanced Connectivity customers driven by fiber, fixed wireless, and postpaid phone net adds.
- Advanced Connectivity service revenue rose to $23.5 billion, up 5.1% year over year; Advanced Connectivity operating income increased 20.3%.
- Internet net adds totaled 646,000 (367,000 fiber; 279,000 fixed wireless); postpaid phone net adds were 432,000 with churn of 0.86%.
- Expanded fiber reach by more than 1 million locations in the quarter to 38.6 million total locations; on track for 40+ million by end of 2026 and 60+ million by end of 2030s target horizon.
- Convergence: 42.5% of households with AT&T advanced home internet services also chose AT&T wireless, reflecting growing cross-sell of converged product sets.
Original SEC Filing:
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