AT&T reported second-quarter 2026 revenue of US$31.56 billion and net income of US$4.63 billion, alongside continued growth in fiber, fixed wireless, and postpaid phone subscribers. Management raised its 2026 share repurchase goal to about US$10 billion, up from US$8 billion, signaling increased emphasis on buybacks as part of its broader convergence and capital return plans. The company also posted US$4.7 billion of quarterly free cash flow and over 1 million Advanced Connectivity net adds, indicating it is generating enough cash to fund both network investments and accelerated capital returns. The results reinforce the investment thesis that fiber and 5G investments, plus convergence bundles, can offset legacy declines and heavy capital needs, though competition and legacy wireline erosion remain key risks.
AT&T Inc.AT&T raised its 2026 buyback target to $10 billion and reported strong Q2 earnings and free cash flow.