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AT&T sees 2026 adjusted EPS $2.25-$2.32, consensus $2.23

Sees 2026 free cash flow $18B+. Sees adjusted EBITDA 3%-4%. The company’s consolidated financial outlook anticipates strong and sustained growth in Advanced Connectivity segment financial performance during 2026-2028, including: Advanced Connectivity service revenue growth in the mid-single-digit range annually, including expected growth of 5%+ in 2026, which includes approximately 100 basis points of growth from the planned acquisition of retail fiber subscribers from Lumen. Advanced Connectivity EBITDA growth in the mid-to-high-single-digit range annually, including expected growth of 6%+ in 2026. The company does not expect its planned acquisition of retail fiber subscribers from Lumen to materially impact EBITDA in 2026.

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