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High materiality8/10

AT&T posts strong Q2 with 1M+ Advanced Connectivity adds; raises buyback tempo

Jul 22, 2026, 6:33 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong quarterly execution, reaffirmed multi-year guidance, and a sizable buyback plan signal earnings visibility and capital discipline; further upside potential from fiber/wireless scale and debt metrics improving toward target ranges.

AI summary

What happened, with direct paths to the underlying reporting

AT&T delivered a solid Q2 2026, reaffirming its multi-year guidance and accelerating capital returns with about $10 billion planned for 2026. The company posted $31.6 billion in revenue (+2.3% YoY) and expanded its converged Advanced Connectivity base, including more than 1 million net adds. With the Lumen fiber acquisition now closed and copper decommissioning advancing, AT&T remains focused on fiber/wireless growth and higher cash flow through 2028.

  • Q2 2026 revenue $31.6B, up 2.3% YoY; growth driven by Advanced Connectivity.
  • Added over 1 million Advanced Connectivity customers; fiber and fixed wireless net adds strong.
  • Reaffirms 2026-2028 guidance; accelerates share repurchases to about $10B in 2026.
  • Closed Lumen Mass Markets fiber acquisition; Forged Fiber held-for-sale; Copper decommissioning continues.
  • Outlook: fiber locations target >40M by 2026 and >60M by 2030; legacy declines to shrink.

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