AT&T reported stronger second-quarter results and raised its 2026 share repurchase target to about $10 billion from $8 billion after the expected EchoStar spectrum deal closes. Service revenue rose 2.7%, adjusted EBITDA grew 5.2%, and adjusted earnings per share increased to $0.65 from $0.54 a year ago. Free cash flow topped expectations at $4.7 billion, and the company added more than 1 million Advanced Connectivity subscribers across fiber, fixed wireless, and postpaid phones. AT&T also posted record second-quarter fiber net additions and said convergence between home internet and wireless remains a key strategy. Management reiterated its outlook for more than $18 billion in full-year free cash flow and expects leverage to normalize over time.
AT&T Inc.AT&T raised its 2026 buyback target to $10B and reported strong Q2 earnings with higher EPS and free cash flow.
EchoStar CorporationEchoStar is mentioned as the counterparty in a spectrum deal that enables AT&T's higher buyback target.
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