
• Reported GAAP EPS of $0.53 down -5.36% YoY • Reported revenue of $33.47B up 3.62% YoY • AT&T expects to achieve improved growth in Adjusted EBITDA* and Adjusted EPS* and higher free cash flow* through 2028, with Adjusted EPS* of $2.25 to $2.35 in 2026.
Bullish
AT&T achieved its best year for broadband subscriber growth and increased adjusted EPS*, while committing to return over $45 billion to shareholders through 2028.
Bearish
AT&T anticipates a 20%+ decline in Legacy service revenue for 2026, expects its net debt-to-adjusted EBITDA ratio* to increase, and saw Business Wireline revenues decrease 7.5% year over year.