AT&T Inc. (T) Earnings Call Transcripts

AT&T Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, AT&T Inc. reported total revenues of $42.5 billion, reflecting a year-over-year increase of 2.3%. Adjusted EPS rose to $0.65, up more than 20% from $0.54 in the prior year, driven by improved adjusted EBITDA, which increased by 5.2%. Management maintained its guidance for full-year adjusted EPS in the range of $2.25 to $2.35, while also signaling strong growth in Advanced Connectivity revenues and a commitment to increased share repurchases, now targeted at $10 billion for the year, up from $8 billion.

Reported metrics

Guidance from management

Management maintained full-year adjusted EPS guidance at $2.25 to $2.35 and expects consolidated service revenue growth in the low single-digit range. They anticipate continued strong performance in Advanced Connectivity, projecting service revenue growth of 5% plus for the segment.

What management said

Thank you, and good morning. Welcome to our second quarter call. I'm Brett Feldman, Treasurer and Head of Investor Relations for AT&T. Joining me on the call today are John Stankey, our Chairman and CEO; and Pascal Desroches, our CFO. Before we begin, I need to call your attention to our safe harbor statement. It says that some of our comments today may be forward-looking. As such, they are subject to risks and unc...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of fiber revenue growth, particularly given the decline in fiber ARPU. There were also questions about the impact of rising device costs on churn and customer behavior, as well as the potential for competitive pressures from satellite services.

Main topics on the call

• Advanced Connectivity Growth — AT&T experienced a 5.1% year-over-year growth in Advanced Connectivity service revenues, with adjusted EBITDA for this segment growing 8%. Management stated, "Our Advanced Connectivity segment enters the second half of t...
• Fiber Deployment Acceleration — The company added over 1 million fiber locations in Q2, contributing to a capital investment of $6.1 billion. Management noted, "This is our largest year ever for fiber expansion," with plans to reach 8 million new locat...
• Share Repurchase Program Expansion — AT&T announced an increase in its share repurchase target to $10 billion for 2026, up from $8 billion. Management stated, "We see a disparity between our operating fundamentals and the valuation of our stock," reflecting...
• Legacy Service Decline — The legacy segment saw a significant decline, with service revenues down 26% year-over-year as AT&T accelerates the discontinuation of copper services. This transition is crucial for the company's modernization efforts.

Read the full AT&T Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 153 AT&T Inc. earnings call transcripts on record, spanning January 8, 2020 to July 22, 2026. Based on this history, AT&T Inc. reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

T

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Diversified Telecommunication Services

Calls on record

153

First call

January 8, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly