ADT Inc. sees FY26 adjusted EPS growth ‘approximately flat’

FY26 consensus 95c. For 2026, the company expects adjusted free cash flow (including interest rate swaps) growth of approximately 20% versus prior year, with revenue and ddjusted EPS approximately flat. This outlook reflects the company’s recent and continued prioritization of cash flow, share repurchases, and disciplined subscriber acquisition spending. It also incorporates planned 2026 investments in growth initiatives expected to benefit future periods, as well as headwinds from tariffs. The company refreshed its multi-year financial framework, reflecting objectives to generate compounded annual growth rates of 5% revenue, 10% adjusted earnings per share, and more than 10% adjusted free cash flow (including interest rate swaps), with a target net leverage ratio of 2.5x or below. This framework is supported by the anticipated outcome of growth initiatives and near-term investments in product technology, customer service excellence, and acquisition efficiency, and is intended to serve as a long-term value creation outlook rather than near-term guidance.