𝐀𝐓𝐓 𝐅𝐢𝐛𝐞𝐫 𝐚𝐧𝐝 𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐃𝐫𝐢𝐯𝐞𝐬 𝐒𝐭𝐫𝐨𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐑𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐝

$T (+1,4%)

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• EPS: $0.65 (Est. $0.59) ✅

• Revenue: $31.60B (Est. $31.81B) ❌

• Adjusted EBITDA: $12.3B, +5.2% YoY

• Free cash flow: $4.7B

• Added over 1M Advanced Connectivity customers

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• FY2026 adjusted EPS: $2.25–2.35 (Est. $2.32) 🟰

• FY2026 free cash flow: $18B+

• FY2026 capital investment: $23B–24B

• Reiterated 2026–2028 financial guidance and plans to return $45B+ to shareholders, including approximately $10B of share repurchases in 2026

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Added 646K internet subscribers, including 367K fiber and 279K fixed wireless net adds, plus 432K postpaid phone subscribers.

• Fiber footprint expanded to 38.6M locations, remaining on track to exceed 40M by year-end 2026.

• Returned $4.1B to shareholders during the quarter, including approximately $2.2B of share repurchases.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

CEO John Stankey said AT&T's investment-led strategy is accelerating growth across fiber and wireless, strengthening its competitive position. The company plans to speed up share repurchases in 2026, reflecting confidence in its long-term connectivity strategy.

Kini - Dividend Strategy@investron

2Mês

Thanks for sharing the results!

I ran it through my tool and it lands 🟢 ÓPTIMO (Quality 75, Opportunity 85). A few things that stand out to me:

- The $4.4B impairment was non-cash noise, $4.7B in quarterly FCF is what matters
- Payout on FCF is just ~21%, so that 5.2% yield has plenty of cushion
- PER 7.33x with the buyback accelerating, $10B this year means that dividend gets spread across fewer shares.

The fiber buildout combined with the regulatory tailwinds from the FCC modernization order are underappreciated, in my view. One of the few telcos where the dividend math actually checks out.

I have it since 2019, the price since then is almost the same, but i got 30% in dividends, and I've been entering with my wife's portfolio lately.

good luck!

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𝐀𝐓&𝐓: 𝐅𝐢𝐛𝐞𝐫 𝐚𝐧𝐝 𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐃𝐫𝐢𝐯𝐞𝐬 𝐒𝐭𝐫𝐨𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐑𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐝