AT&T (1T) Earnings Dates, Call Summary & Reports

Q: What is the P/E ratio of At&t Inc stock?

The P/E ratio of {name} is N/A.

Compare

9 Followers

Earnings Data

Report Date

Apr 29, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.46

Last Year’s EPS

0.43

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a constructive long-term growth story driven by strong subscriber adds, accelerating fiber expansion, convergence gains, and solid 2025 financial performance (EPS, EBITDA, FCF). Management outlined material capital deployment (EchoStar, Lumen) that expands TAM and convergence opportunities, while committing to meaningful shareholder returns and cost savings. Near-term challenges include integration costs and temporary leverage increase, ARPU headwinds from device accounting and strategic discounts, modest deployment cost inflation (~2% p.a.), higher D&A and interest, and some first-quarter softness as investments ramp. Overall, the positives — clear execution on 5G/fiber growth, strong cash generation, and a detailed multi-year plan — materially outweigh near-term transition and integration headwinds.

Company Guidance

AT&T provided multi-year guidance focused on its advanced‑connectivity strategy: it expects consolidated adjusted EBITDA growth of 3–4% in 2026 improving to 5%+ by 2028, adjusted EPS of $2.25–$2.35 in 2026 with a double‑digit three‑year CAGR through 2028 (including ~ $0.05 of 2026 dilution), and free cash flow of $18B+ in 2026 (up ~$1B in 2027 and ~ $2B in 2028); the company plans to return $45B+ to shareholders in 2026–2028 (including ~ $8B buybacks in 2026 and an additional $10B board authorization), target net debt/adjusted EBITDA to rise to ~3.2x post‑close of Lumen/EchoStar then fall to ~3.0x by year‑end 2026 and back to ~2.5x within ~3 years, and maintain D&A of about $20B annually through 2028; operational and market metrics include 2026 fiber build pacing from 3.0M passes in 2025 to a 4.0M run rate by year‑end, >40M fiber customer locations by end‑2026 (up from 32M), ~5M incremental fiber locations annually thereafter, advanced home Internet revenue organic growth of 20%+ annually through 2028 (over 30% in 2026 including the ~$900M annualized revenue from Lumen assets), wireless service revenue growth of 2–3% annually, advanced connectivity driving ~90% of revenues and >95% of adjusted EBITDA on a recast 2025 basis, Q1 2026 FCF of $2.0–$2.5B and below‑run‑rate adjusted EBITDA as upfront integration and build investments occur, expected annual cash taxes of ~$1B–$1.5B through 2028, $1.15B pension contribution in 2025 plus $350M in 2026, and $4B of additional annual cost savings targeted by 2028 (after >$1B saved in 2025).

Exceeded 2025 Guidance and Strong Financial Results

Met or exceeded consolidated full-year guidance; Q4 adjusted EPS grew over 20% to $0.52 and full-year adjusted EPS rose nearly 9% to $2.12. Q4 consolidated adjusted EBITDA grew over 4% and adjusted EBITDA margin expanded by ~20 basis points.

Robust Subscriber Growth (Wireless and Fiber)

More than 1,500,000 postpaid phone net adds for the fifth consecutive year and over 1,000,000 AT&T Inc. Fiber net adds for the eighth consecutive year. AT&T Internet Air added 875,000 net adds, more than doubling that customer base during 2025.

Accelerating Fiber Footprint

Plan to ramp annual fiber construction from 3,000,000 new locations in 2025 to a 4,000,000 run rate by end of 2026; expect to reach over 40,000,000 customer locations with fiber by year-end 2026 (up from 32,000,000 at end of 2025). Beyond 2026, plan ~5,000,000 additional fiber locations annually through the end of the decade.

Convergence Traction

Fiber convergence rate improved 200 basis points year-over-year to 42%. In areas with fiber, AT&T's share of postpaid phone subscribers is estimated to be 10 percentage points higher versus non-fiber areas; converged customers show lower churn and higher wallet share.

Advanced Connectivity Drives Majority of Results

On a recast basis for 2025, advanced connectivity (domestic 5G and fiber) represented ~90% of revenues and over 95% of adjusted EBITDA, with advanced connectivity EBITDA growing at an average of >6% annually over the past two years (vs. consolidated ~3% CAGR).

Strong Free Cash Flow and Capital Returns

Full-year free cash flow was $16.6 billion (up >$1 billion and near the high end of guidance). Returned over $12 billion to shareholders in 2025 (dividends >$8B and share repurchases >$4B), a >50% increase vs. 2024. Company plans to return $45B+ to shareholders from 2026–2028.

Capital and M&A Moves to Expand TAM

Agreements to acquire EchoStar spectrum and Lumen fiber assets (expected to close early 2026). Lumen fiber acquisition expected to add ~ $900 million of annualized fiber revenue and materially expand fiber addressable market and convergence opportunities.

Cost Efficiency and Productivity Gains

Achieved over $1 billion of cost savings in 2025 and targeting an additional $4 billion of annual cost savings by 2028 through AI, digital transactions, legacy decommissioning, and operating efficiencies.

Positive 2026–2028 Outlook

Guidance: advanced home Internet revenue organic growth 20%+ annually through 2028 (2026 reported growth >30% including Lumen), total wireless service revenue growth 2%–3% annually, consolidated adjusted EBITDA growth 3%–4% in 2026 improving to ≥5% in 2028, adjusted EPS $2.25–$2.35 in 2026 with double-digit three-year CAGR through 2028, and free cash flow >$18B in 2026 with further growth in 2027–2028.

AT&T (IT:1T) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IT:1T Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2026	2026 (Q1)	0.46 / -	0.427	―	―	―
Jan 28, 2026	2025 (Q4)	0.39 / 0.43	0.452	-3.70% (-0.02)
Oct 22, 2025	2025 (Q3)	0.45 / 0.45	0.502	-10.00% (-0.05)
Jul 23, 2025	2025 (Q2)	0.44 / 0.45	0.477	-5.26% (-0.03)
Apr 23, 2025	2025 (Q1)	0.43 / 0.43	0.46	-7.27% (-0.03)
Jan 27, 2025	2024 (Q4)	0.42 / 0.45	0.452	0.00% (0.00)
Oct 23, 2024	2024 (Q3)	0.48 / 0.50	0.535	-6.25% (-0.03)
Jul 24, 2024	2024 (Q2)	0.48 / 0.48	0.527	-9.52% (-0.05)
Apr 24, 2024	2024 (Q1)	0.44 / 0.46	0.502	-8.33% (-0.04)
Jan 24, 2024	2023 (Q4)	0.47 / 0.45	0.51	-11.48% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IT:1T Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2026	€19.37	€20.27	+4.62%
Oct 22, 2025	€22.17	€21.89	-1.23%
Jul 23, 2025	€22.84	€22.96	+0.49%
Apr 23, 2025	€22.77	€22.93	+0.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.