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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $0.65 (Est. $0.60) โ , +20.4% YoY.
โข Revenue: $32.3B (Est. $31.65B) โ , +5.3% YoY.
โข GAAP EPS from Continuing Operations: $0.13 (vs. $1.29 YoY).
โข Adj. Operating Income: $7.6B (vs. $6.6B YoY).
โข Adj. EBITDA: $12.5B, +5.4% YoY.
โข Operating Cash Flow: $10.5B.
โข Free Cash Flow: $5.0B (vs. $4.9B YoY).
โข Advanced Connectivity Service Revenue: $23.9B, +6.1% YoY.
โข Net Debt: $149.8B.
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 Adj. EPS: ~$2.40 (Est. $2.34) โ , raised.
โข FY2026 Adj. EBITDA Growth: Upper end of 3%โ4%.
โข FY2026 Free Cash Flow: $18B+.
โข FY2026 Capital Investment: $23Bโ$24B.
โข FY2027 Free Cash Flow: $19B+.
โข FY2028 Free Cash Flow: $21B+.
โข FY2027โ2028 Capital Investment: $22Bโ$23B annually, lowered.
โข FY2026โ2028 Shareholder Returns: $45B+, including $24B+ in buybacks.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~8.3%, while revenue exceeded estimates by ~2.1%.
โข AT&T added a record 769K internet customers, including 442K fiber and 327K fixed wireless, alongside 379K postpaid phone additions.
โข Advanced home internet revenue surged 23.4% YoY to $2.98B, while wireless service revenue increased 5%.
โข Advanced Connectivity operating profit jumped 18.9% to $7.63B, with margins expanding 260 bps to 25.9%.
โข GAAP EPS fell sharply due to a $2.6B non-cash impairment related to the planned sale of AT&T Mexico, while the prior year included a DIRECTV sale gain.
โข AT&T returned ~$4.8B to shareholders in Q3, including $2.8B in buybacks.
โข Total debt rose to $159.6B following the EchoStar spectrum transaction, while AT&T targets more than 60M fiber locations by 2030.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur asset base positions us well for the AI era, with a leading position in fiber โ the best technology available.โ