AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
AT&T added 432,000 wireless customers and 367,000 fiber internet users as bundled plans helped drive second-quarter growth.
- On Wednesday, AT&T reported second-quarter results beating analyst estimates with adjusted EPS of $0.65, clearing the $0.59 consensus forecast, as the company added 432,000 net postpaid phone subscribers versus FactSet estimates of 338,500.
- The company's revamped low-cost, unlimited plans and bundled offerings—including OneConnect launched in March—attracted value-conscious customers across wireless and broadband services.
- Internet growth totaled 646,000 net additions across consumer and business accounts, with 367,000 from fiber and 279,000 from fixed wireless marking a record for the two categories combined, while postpaid phone churn remained at 0.86%.
- Chairman and CEO John Stankey accelerated planned share repurchases this year to approximately $10 billion, up from roughly $8 billion, while maintaining full-year guidance for adjusted EPS of $2.25-to-$2.35 and free cash flow of at least $18 billion.
- AT&T reaches more than 38.6 million locations with fiber and targets exceeding 40 million by year-end 2026, with more than 42% of home internet customers also subscribing to wireless, as Stankey said, "We believe our network performance and operating scale can't be matched.
32 Articles
32 Articles
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AT&T CEO John Stankey says he remains a fan of satellite operator AST SpaceMobile and does not think that AST’s success will impact his own firm’s revenue. Stankey said that any suggestion that a direct-to-device satellite operator would take a material market share of his revenues as being “ridiculous”. In July 22 comments during the […]
AT&T Delivers Strong Second-Quarter Results
AT&T Inc. (NYSE: T) reported strong second-quarter results, driven by consistent execution of the Company’s investment-led strategy, demonstrating improved growth in consolidated service revenue and profitability. The Company continues to grow its base of high-value converged customers as it delivered a record quarter for combined fiber and fixed wireless net adds and its strongest consumer postpaid wireless account growth in more than three yea…
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