AT&T to Webcast Fireside Chat with John Stankey at the 2026 J.P. Morgan Global Technology, Media and Communications Conference on May 19May 8, 2026 7:00 AM
PR Newswire (US) Fireside chat with John Stankey will be webcast live and available for replayKey Takeaways:AT&T to webcast fireside chat with John Stankey at the 2026 J.P. Morgan Global Technology, Media and Communications Conference.AT&T reiterates all 2026 and multi-year financial and operational guidance and capital return plans shared during its first-quarter 2026 results.DALLAS, May 8, 2026 /PRNewswire/ -- AT&T (NYSE:T) will webcast a fireside chat with John Stankey, chairman and chief executive officer, AT&T Inc., at the 2026 J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 19, 2026. The conversation is scheduled to begin at 8:00 a.m. ET.AT&T remains on track to achieve its 2026 and multi-year financial guidance
AT&T maintains the long-term outlook and capital allocation plans provided with its first-quarter 2026 results. This includes the Company's outlook for improved growth in adjusted EBITDA and adjusted EPS and higher free cash flow through 2028, its plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of its transaction with EchoStar.Conference details and more are available on the AT&T Investor Relations website
To hear more, tune into the webcast live or listen to the replay on the AT&T Investor Relations website. Viewers should start the webcast a few minutes before the planned start time in case the conference schedule changes.To automatically receive AT&T financial news by email, please subscribe to email alerts.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at investors.att.com. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. View original content to download multimedia:https://www.prnewswire.com/news-releases/att-to-webcast-fireside-chat-with-john-stankey-at-the-2026-jp-morgan-global-technology-media-and-communications-conference-on-may-19-302766457.htmlSOURCE AT&T Original: AT&T to Webcast Fireside Chat with John Stankey at the 2026 J.P. Morgan Global Technology, Media and Communications Conference on May 19

AT&T Tops Q1 Forecasts on Strong Revenue and Subscriber GainsApril 22, 2026 8:36 AM
IH Market News
Shares of AT&T Inc. (NYSE:T) edged 0.8% higher after the telecom group reported first-quarter results that came in ahead of market expectations, driven by solid revenue growth and continued subscriber additions.Adjusted earnings per share were $0.57, beating the consensus estimate of $0.55, while revenue rose 2.9% year-on-year to $31.5 billion, also exceeding forecasts of $31.25 billion.AT&T reported 294,000 postpaid phone net additions during the quarter, ahead of expectations for 270,000. The company also added 584,000 broadband customers, split evenly between 292,000 fiber users and 292,000 fixed wireless subscribers.Revenue from its Advanced Connectivity segment increased 3.6% year-on-year to $22.9 billion, while operating income in the division climbed 14.8% to $6.9 billion. The company noted that nearly 45% of its advanced home internet customers also subscribe to its wireless services.“We saw our best first quarter ever for Advanced Connectivity internet customer net additions, demonstrating the solid foundation of assets we have built,” said John Stankey, chairman and CEO. “We’re uniquely positioned to deliver more of what customers want — fiber and 5G all from one provider on the nation’s largest advanced converged network, backed by the AT&T Guarantee.”Free cash flow came in at $2.5 billion, down from $3.1 billion a year earlier, reflecting increased capital spending as the company accelerates its fiber rollout. Capital expenditures for continuing operations totaled $4.9 billion, up from $4.3 billion in the same period last year.AT&T reaffirmed its full-year 2026 outlook, guiding for adjusted EPS of $2.25 to $2.35, EBITDA growth of 3% to 4%, and free cash flow of at least $18 billion. The company also confirmed plans to repurchase around $8 billion of shares during 2026.AT&T stock price

Original: AT&T Tops Q1 Forecasts on Strong Revenue and Subscriber Gains

AT&T Reports Strong First-Quarter 2026 Financial ResultsApril 22, 2026 6:36 AM
PR Newswire (US)

Results reflect consistent execution of the Company's investment-led customer-centric strategyThe Company reiterates all full-year 2026 and multi-year financial guidance and capital return plansDALLAS, April 22, 2026 /PRNewswire/ -- AT&T Inc. (NYSE: T) reported first-quarter results, achieving its fastest-ever year-over-year organic growth in its advanced connectivity convergence rate, with nearly 45%1 of advanced home internet subscribers also choosing AT&T wireless. Customers are increasingly purchasing their internet and wireless together from AT&T, highlighting the strength of the Company's differentiated, investment-led strategy to drive converged advanced connectivity at scale."We saw our best first quarter ever for Advanced Connectivity internet customer net additions, demonstrating the solid foundation of assets we have built," said John Stankey, AT&T Chairman and CEO. "We're uniquely positioned to deliver more of what customers want — fiber and 5G all from one provider on the nation's largest advanced converged network, backed by the AT&T Guarantee. The actions we've taken this quarter are evidence of how we are improving the customer value proposition, scaling faster, and accelerating growth."Note: With the closing of the acquisition of substantially all of Lumen's Mass Markets fiber business on February 2, 2026, the fiber customer relationships were retained by AT&T and are included in the Company's first-quarter results, unless otherwise indicated. The acquired fiber network assets, including certain fiber network build capabilities, were placed in a wholly owned subsidiary, of which AT&T plans to sell a controlling interest to an equity partner that will co-invest in the ongoing business. As such, the subsidiary is classified as held-for-sale and reflected as discontinued operations.First-Quarter Consolidated Results Revenues totaled $31.5 billion, up 2.9% from the year-ago quarterDiluted EPS from continuing operations was $0.54, versus $0.61 in the year-ago quarter; adjusted EPS* was $0.57, versus $0.51 in the year-ago quarterOperating income was $6.7 billion; adjusted operating income* was $6.9 billionIncome from continuing operations was $4.2 billion; adjusted EBITDA* of $11.8 billionCash from operating activities from continuing operations was $7.6 billion, versus $9.0 billion in the year-ago quarter, which included $1.4 billion from the DIRECTV investmentCapital expenditures related to continuing operations were $4.9 billion; capital investment* was $5.1 billionFree cash flow* was $2.5 billion, versus $3.1 billion in the year-ago quarter, reflecting higher capital investment as the Company accelerates the pace of its fiber deploymentFirst-Quarter Highlights Advanced Connectivity service revenue of $22.9 billion, up 3.6% year over yearAdvanced Connectivity operating income of $6.9 billion, up 14.8% year over year with EBITDA* of $11.6 billion, up 5.6%42% of households with AT&T's advanced home internet services also chose AT&T wireless; this approaches 45% when excluding the impact of fiber customers acquired during the quarter, up over 3 percentage points year over year, representing the fastest-ever reported organic growth in the advanced home internet convergence rate584,000 total consumer and business Advanced Connectivity internet net adds, including 292,000 fiber and 292,000 fixed wireless512,000 consumer advanced home internet net adds, including 273,000 AT&T Fiber2 and 239,000 AT&T Internet Air294,000 postpaid phone net adds with postpaid phone churn of 0.89%Over 37 million total consumer and business locations reached with fiber3, including more than 4 million acquired from Lumen during the first quarter; the Company remains on track to reach over 40 million total fiber locations by the end of 2026 and more than 60 million by the end of 2030Repurchased approximately $2.3 billion in common shares under the 2024 authorizationOutlook and Capital Allocation Plan AT&T maintains the long-term outlook and capital allocation plans provided with its fourth-quarter 2025 results. This includes the Company's outlook for improved growth in adjusted EBITDA* and adjusted EPS* and higher free cash flow* through 2028, its plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio* will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of its transaction with EchoStar.For 2026, AT&T continues to expect4:Service revenue growth in the low-single-digit range, including Advanced Connectivity service revenue growth of 5%+ and a decline in Legacy service revenue of 20%+Adjusted EBITDA* growth in the 3% to 4% range, including Advanced Connectivity EBITDA* growth of 6%+Adjusted EPS* of $2.25 to $2.35Capital investment* in the $23 billion to $24 billion rangeFree cash flow* of $18 billion+, including cash taxes of $1.0 billion to $1.5 billion and cash contributions to its employee pension plan of approximately $350 millionConsistent capital returns, including plans to maintain its current annualized common stock dividend of $1.11 per share and share repurchases of approximately $8 billionNote: AT&T's first-quarter 2026 earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, April 22, 2026. The webcast and related materials, including financial highlights, will be available at investors.att.com.Consolidated Financial ResultsRevenues for the first quarter totaled $31.5 billion, versus $30.6 billion in the year-ago quarter, up 2.9%. This was largely due to growth in Advanced Connectivity wireless and fiber revenues, including two months of impact from the customers acquired from the Lumen transaction. Operating revenues in Mexico were also higher due to favorable foreign exchange impacts during the first quarter of 2026. Offsetting these increases were lower Legacy revenues from lower demand for services as the Company continues to decommission its copper-based network.Operating expenses were $24.8 billion, a slight decline versus $24.9 billion in the year-ago quarter. Operating expenses decreased primarily due to lower depreciation expense from fully depreciated legacy assets, partially offset by ongoing capital spending for strategic initiatives. Also contributing to the decline were higher restructuring charges in the year-ago quarter, cost reductions from transformation initiatives and lower content licensing fees. These decreases were largely offset by higher wireless sales volumes, which drove higher equipment, selling, and bad debt expenses, higher network costs that included vendor credits in the year-ago quarter, and incremental customer costs related to the acquired Mass Markets fiber business.Operating income was $6.7 billion, versus $5.8 billion in the year-ago quarter. When adjusting for certain items, adjusted operating income* was $6.9 billion, versus $6.4 billion in the year-ago quarter.Income from continuing operations was $4.2 billion, versus $4.7 billion in the year-ago quarter, which included equity in net income of DIRECTV.Income from continuing operations attributable to common stock was $3.8 billion, versus $4.4 billion in the year-ago quarter. Earnings per diluted common share from continuing operations was $0.54, versus $0.61 in the year-ago quarter. Adjusting for $0.03, which includes acquisition-related amortization and other items, adjusted earnings per diluted common share* was $0.57, versus $0.51 in the year-ago quarter.Adjusted EBITDA* was $11.8 billion, versus $11.5 billion in the year-ago quarter.Cash from operating activities from continuing operations was $7.6 billion, versus $9.0 billion in the year-ago quarter, which included $1.4 billion from the DIRECTV investment.Capital expenditures related to continuing operations were $4.9 billion, compared to $4.3 billion in the year-ago quarter. Capital investment* totaled $5.1 billion, versus $4.5 billion in the year-ago quarter. Cash payments for vendor financing totaled $0.2 billion, consistent with the year-ago quarter.Free cash flow* was $2.5 billion, versus $3.1 billion in the year-ago quarter.Total debt was $138.4 billion at the end of the first quarter, and net debt* was $126.4 billion.Segment ResultsEffective with the Company's first-quarter 2026 reporting, AT&T has revised its operating segments to reflect the evolution of its business model to focus on delivering converged advanced connectivity services.Advanced Connectivity service revenues grew 3.6% year over year, driving growth in operating income of 14.8% and EBITDA* of 5.6%. Internet net adds were 584,000 — comprised of 292,000 fiber and 292,000 fixed wireless — and postpaid phone net adds were 294,000.Advanced ConnectivityDollars in millionsFirst QuarterPercent Unaudited20262025Change






Operating Revenues$    28,471
$    27,192
4.7%Service22,863
22,060
3.6%Wireless Service16,941
16,651
1.7%Advanced Home Internet 2,799
2,198
27.3%Business Fiber and Advanced Connectivity 1,882
1,755
7.2%Business Transitional and Other 1,083
1,294
(16.3)%Other Service158
162
(2.5)%Equipment5,608
5,132
9.3%Operating Expenses21,618
21,220
1.9%Operating Income6,853
5,972
14.8%Operating Income Margin24.1%22.0%210BPEBITDA*$    11,558
$    10,945
5.6%EBITDA Margin*40.6%40.3%30BPAdvanced Connectivity segment revenues grew 4.7% year over year, driven by service revenue growth of 3.6% and increased equipment revenues of 9.3% from higher wireless device sales volumes. Wireless service revenue increased due to growth in retail wireless subscribers in underpenetrated categories and converged accounts, partially offset by the amortization of promotional activity. Advanced home internet revenue growth, which included two months of impact from the acquired Mass Markets fiber business, reflects increases in fiber and AT&T Internet Air revenues. Business fiber and advanced connectivity revenues increased largely due to higher fiber and fixed wireless revenues. Business transitional and other revenues decreased partly due to lower demand for virtual private network and wholesale services.Operating expenses were up 1.9% year over year, driven by higher wireless sales volumes, which drove higher wireless equipment, selling, and bad debt expenses. The increase also included higher network costs that included vendor credits in the year-ago quarter, and higher incremental customer costs related to the acquired Mass Markets fiber business, which were partially offset by cost reductions from transformation initiatives and lower content licensing fees. Depreciation expense was lower due to fully depreciated legacy assets, partially offset by ongoing capital spending for strategic initiatives.Operating income was $6.9 billion, up 14.8% year over year. EBITDA* was $11.6 billion, up $613 million year over year.Legacy revenues continued to decline year over year in line with AT&T's goal to power down and stop providing service over the large majority of its domestic copper-based network by the end of 2029.LegacyDollars in millionsFirst Quarter
Percent Unaudited2026
2025
Change






Operating Revenues$  1,768
$   2,368
(25.3)%Operating Expenses1,156
1,349
(14.3)%Operating Income612
1,019
(39.9)%Operating Income Margin34.6%43.0%(840)BPEBITDA*$     612
$   1,019
(39.9)%EBITDA Margin*34.6%43.0%(840)BPLegacy segment revenues were down 25.3% year over year, primarily due to lower demand for services as the Company continues to decommission its copper-based network. Operating expenses, which represent direct operating costs, were $1.2 billion, down 14.3% year over year. Expense declines were primarily driven by lower personnel and other costs resulting from the decommissioning of the copper-based network and lower fulfillment cost amortization, which were partially offset by vendor credits in the year-ago quarter. Operating income and EBITDA* were $612 million, down $407 million year over year.Latin AmericaDollars in millionsFirst QuarterPercent Unaudited20262025Change



Operating Revenues$   1,173$   97120.8 % Service75361522.4 % Equipment42035618.0 %Operating Expenses1,15392824.2 %Operating Income2043(53.5) %EBITDA*22019314.0 %Latin America segment revenues were up 20.8% year over year, driven by favorable foreign exchange impacts as well as growth in subscribers and increased equipment sales. Operating expenses were up 24.2% year over year due to unfavorable foreign exchange rates, increased sales volumes that resulted in higher equipment costs and bad debt expense, and higher depreciation expense. Operating income was $20 million, down $23 million year over year. EBITDA* was $220 million, up $27 million year over year.* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the "Non-GAAP Measures and Reconciliations to GAAP Measures" section of the release and at investors.att.com.1Advanced home internet connections with AT&T wireless is defined as AT&T Fiber and AT&T Internet Air connections that are also primary wireless account holders that subscribe to consumer postpaid phone service. AT&T refers to these customers as converged customers. Convergence rate represents the ratio of converged customers to advanced home internet connections. 1Q26 convergence metrics are presented based on available information and are subject to revision. Organic convergence rate excludes customers from the recently acquired Mass Markets fiber business.2Includes net adds from the recently acquired Mass Markets fiber business after the close of the acquisition.3Total consumer and business locations reached with fiber represents the sum of: (1) AT&T Owned and Operated locations, which reflect its customer locations passed by AT&T's fiber network and (2) Fiber Ventures locations, which represent locations served from the acquired Mass Markets fiber business, Gigapower, and other commercial open access providers.4The Company's 2026 outlook is presented on a continuing operations basis and excludes discontinued operations.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.Non-GAAP Measures and Reconciliations to GAAP Measures
Schedules and reconciliations of non-GAAP financial measures cited in this document to the most comparable financial measures under generally accepted accounting principles (GAAP) can be found at investors.att.com and in our Form 8-K dated April 22, 2026. Adjusted diluted EPS, adjusted operating income, EBITDA, adjusted EBITDA, free cash flow, and net debt are non-GAAP financial measures frequently used by investors and credit rating agencies. The information below refers only to AT&T's continuing operations and does not include discussion of balances or activity related to discontinued operations.Adjusted diluted EPS is calculated by excluding from operating revenues, operating expenses, other income (expenses) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Non-operational items arising from asset acquisitions and dispositions include the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate; in these cases, we use the actual tax expense or combined marginal rate of approximately 25%.For 1Q26, adjusted EPS of $0.57 is diluted EPS from continuing operations of $0.54 adjusted for $0.01 acquisition-related amortization and $0.02 benefit-related, transaction, legal and other items. For 1Q25, adjusted EPS of $0.51 is diluted EPS of $0.61, adjusted for $0.05 restructuring, and a net $0.00 benefit-related, transaction, legal and other items, minus $0.15 equity in net income of DIRECTV. Transaction, legal and other costs include certain legal reserves and settlements that cover extended historical periods, novel theories of liability, and/or are unpredictable in both magnitude and timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of expected insurance recoveries and are primarily associated with legacy legal matters and cybersecurity events.The Company expects adjustments to 2026 reported diluted EPS from continuing operations to include acquisition-related amortization of approximately $0.3 billion, a non-cash mark-to-market benefit plan gain/loss and other items. The Company expects the mark-to-market adjustment, which is driven by interest rates and investment returns that are not reasonably estimable at this time, to be a significant item. AT&T's projected adjusted EPS depends on future levels of revenues and expenses, most of which are not reasonably estimable at this time. Accordingly, the Company cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort.Adjusted operating income is operating income adjusted for revenues and costs the Company considers non-operational in nature, including items arising from asset acquisitions or dispositions. For 1Q26, adjusted operating income of $6.9 billion is calculated as operating income of $6.7 billion, plus $228 million of adjustments. For 1Q25, adjusted operating income of $6.4 billion is calculated as operating income of $5.8 billion plus $0.6 billion of adjustments. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated April 22, 2026, and include transaction, legal, and other costs as discussed above.EBITDA is income from continuing operations plus income tax, interest, and depreciation and amortization expenses minus equity in net income (loss) of affiliates and other income (expense) – net. Adjusted EBITDA is calculated by excluding from EBITDA certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, significant abandonments and impairments, benefit-related gains and losses, employee separation, and other material gains and losses. Adjustments include transaction, legal, and other costs as discussed above.For 1Q26, adjusted EBITDA of $11.8 billion is calculated as income from continuing operations of $4.2 billion, plus income tax expense of $1.2 billion, plus interest expense of $1.8 billion, plus equity in net income (loss) of affiliates of $(41) million, minus other income (expense) – net of $0.6 billion, plus depreciation and amortization of $5.0 billion, plus $171 million of adjustments. For 1Q25, adjusted EBITDA of $11.5 billion is calculated as income from continuing operations of $4.7 billion, plus income tax expense of $1.3 billion, plus interest expense of $1.7 billion, minus equity in net income of affiliates of $1.4 billion, minus other income (expense) – net of $0.5 billion, plus depreciation and amortization of $5.2 billion, plus adjustments of $0.6 billion. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated April 22, 2026.At the segment level, EBITDA is operating income before depreciation and amortization. EBITDA margin is EBITDA divided by total revenues. For 1Q26, Advanced Connectivity EBITDA of $11.6 billion is operating income of $6.9 billion plus depreciation and amortization of $4.7 billion. For 1Q25, Advanced Connectivity EBITDA of $10.9 billion is operating income of $6.0 billion plus depreciation and amortization of $5.0 billion.Adjusted EBITDA, Advanced Connectivity EBITDA and Legacy EBITDA estimates depend on future levels of revenues and expenses which are not reasonably estimable at this time. Accordingly, we cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort.Free cash flow for 1Q26 of $2.5 billion is cash from operating activities from continuing operations of $7.6 billion, minus capital expenditures of $4.9 billion and cash paid for vendor financing of $0.2 billion. For 1Q25, free cash flow of $3.1 billion is cash from operating activities of $9.0 billion, minus cash flows of $1.4 billion related to the DIRECTV investment that was sold in July 2025, minus capital expenditures of $4.3 billion and cash paid for vendor financing of $0.2 billion. Due to high variability and difficulty in predicting items that impact cash from operating activities, capital expenditures and vendor financing payments, the Company is not able to provide reconciliations between projected free cash flow and the most comparable GAAP metric without unreasonable effort.Capital investment provides a comprehensive view of cash used to invest in our networks, product developments, and support systems. In connection with capital improvements, we have favorable payment terms of 120 days or more with certain vendors, referred to as vendor financing, which are excluded from capital expenditures and reported as financing activities. Capital investment includes capital expenditures and cash paid for vendor financing ($0.2 billion in 1Q26, $0.2 billion in 1Q25). Due to high variability and difficulty in predicting items that impact capital expenditures and vendor financing payments, the Company is not able to provide reconciliations between projected capital investment and the most comparable GAAP metrics without unreasonable effort.Net debt of $126.4 billion at March 31, 2026, is calculated as total debt of $138.4 billion less cash and cash equivalents of $12.0 billion and time deposits (i.e. deposits at financial institutions that are greater than 90 days) of $0. Net debt-to-adjusted EBITDA is calculated by dividing net debt by the sum of the most recent four quarters of adjusted EBITDA. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.Discussion and Reconciliation of Non-GAAP Measures 
We believe the following measures are relevant and useful information to investors as they are part of AT&T's internal management reporting and planning processes and are important metrics that management uses to evaluate the operating performance of AT&T and its segments. Management also uses these measures as a method of comparing performance with that of many of our competitors. These measures should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with U.S. generally accepted accounting principles (GAAP). On February 2, 2026, we closed our transaction with Lumen Technologies, Inc. (Lumen) and acquired substantially all of Lumen's Mass Markets fiber business. The acquisition included customer relationships, which we include with our advanced home internet services, and fiber network assets that were placed in a wholly owned subsidiary, Forged Fiber 37 Services, LLC (Forged Fiber). We plan to sell a controlling interest in Forged Fiber to an equity partner that will co-invest in the ongoing business. As such, Forged Fiber met the criteria of held-for-sale and accordingly is reflected as discontinued operations in the accompanying financial statements. The information below refers only to our continuing operations and does not include discussion of balances or activity of Forged Fiber.Free Cash Flow
Free cash flow is defined as cash from operations minus cash flows related to our DIRECTV equity investment that was sold in July 2025, minus capital expenditures and cash paid for vendor financing (classified as financing activities). Free cash flow after dividends is defined as cash from operations minus cash flows related to our DIRECTV equity investment, capital expenditures, cash paid for vendor financing and dividends on common and preferred shares. Free cash flow dividend payout ratio is defined as the percentage of dividends paid on common and preferred shares to free cash flow. We believe these metrics provide useful information to our investors because management views free cash flow as an important indicator of how much cash is generated by routine business operations, including capital expenditures and vendor financing, and makes decisions based on it. Management also views free cash flow as a measure of cash available to pay debt and return cash to shareowners.Free Cash Flow and Free Cash Flow Dividend Payout RatioDollars in millions

First Quarter
20262025Net Cash Provided by Operating Activities from Continuing Operations$   7,595$    9,049Less: Distributions from DIRECTV classified as operating activities—(1,423)Less: Capital expenditures(4,877)(4,277)Less: Payment of vendor financing(212)(203)Free Cash Flow2,5063,146


Less: Dividends paid(1,997)(2,091)Free Cash Flow after Dividends$     509$   1,055Free Cash Flow Dividend Payout Ratio79.7 %66.5 %Cash Paid for Capital Investment
In connection with capital improvements, we negotiate with some of our vendors to obtain favorable payment terms of 120 days or more, referred to as vendor financing, which are excluded from capital expenditures and reported in accordance with GAAP as financing activities. We present an additional view of cash paid for capital investment to provide investors with a comprehensive view of cash used to invest in our networks, product developments and support systems. Cash Paid for Capital InvestmentDollars in millions


First Quarter
20262025Capital expenditures$   (4,877)$   (4,277)Payment of vendor financing(212)(203)Cash paid for Capital Investment$   (5,089)$   (4,480)EBITDA
Our calculation of EBITDA, as presented, may differ from similarly titled measures reported by other companies. For AT&T, EBITDA excludes other income (expense) – net, and equity in net income (loss) of affiliates, as these do not reflect the operating results of our subscriber base or operations that are not under our control. Equity in net income (loss) of affiliates represents the proportionate share of the net income (loss) of affiliates in which we exercise significant influence, but do not control. Because we do not control these entities, management excludes these results when evaluating the performance of our primary operations. EBITDA also excludes interest expense and the provision for income taxes. Excluding these items eliminates the expenses associated with our capital and tax structures. Finally, EBITDA excludes depreciation and amortization in order to eliminate the impact of capital investments. EBITDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP. These measures are used by management as a gauge of our success in acquiring, retaining and servicing subscribers because we believe these measures reflect AT&T's ability to generate and grow subscriber revenues while providing a high level of customer service in a cost-effective manner. Management also uses these measures as a method of comparing cash generation potential with that of many of its competitors. The financial and operating metrics which affect EBITDA include the key revenue and expense drivers for which management is responsible and upon which we evaluate performance. There are material limitations to using these non-GAAP financial measures. EBITDA and EBITDA margin, as we have defined them, may not be comparable to similarly titled measures reported by other companies. Furthermore, these performance measures do not take into account certain significant items, including depreciation and amortization, interest expense, tax expense and equity in net income (loss) of affiliates. For market comparability, management analyzes performance measures that are similar in nature to EBITDA as we present it, and considering the economic effect of the excluded expense items independently as well as in connection with its analysis of net income as calculated in accordance with GAAP. EBITDA and EBITDA margin should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. EBITDA and Adjusted EBITDADollars in millions

First Quarter
20262025Income from Continuing Operations$   4,219$   4,692Additions:

Income Tax Expense1,1791,299Interest Expense1,8131,658Equity in Net (Income) Loss of Affiliates41(1,440)Other (Income) Expense - Net(594)(455)Depreciation and amortization4,9665,190EBITDA11,62410,944Transaction, legal and other costs14679  Benefit-related (gain) loss 256Asset impairments and abandonments and restructuring—504Adjusted EBITDA1$  11,795$  11,533 1 See "Adjusting Items" section for additional discussion and reconciliation of adjusted items. Segment EBITDA and EBITDA MarginDollars in millions

First Quarter
20262025Advanced Connectivity Segment



Operating Income$   6,853
$    5,972
  Add: Depreciation and amortization4,705
4,973
EBITDA$ 11,558
$  10,945





Total Operating Revenues$ 28,471
$  27,192
Operating Income Margin24.1%22.0%EBITDA Margin40.6%40.3%




Legacy Segment



Operating Income$      612
$   1,019
  Add: Depreciation and amortization—
—
EBITDA$      612
$   1,019





Total Operating Revenues$   1,768
$   2,368
Operating Income Margin34.6%43.0%EBITDA Margin34.6%43.0%




Latin America Segment



Operating Income$        20
$        43
  Add: Depreciation and amortization200
150
EBITDA$      220
$      193





Total Operating Revenues$   1,173
$      971
Operating Income Margin1.7%4.4%EBITDA Margin18.8%19.9%Adjusting Items
Adjusting items include revenues and costs we consider non-operational in nature, including items arising from asset acquisitions or dispositions, including the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and that those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate, in these cases we use the actual tax expense or combined marginal rate of approximately 25%.   Adjusting ItemsDollars in millions



First Quarter

20262025Operating Expenses


Transaction, legal and other costs1
$   146$      79  Benefit-related (gain) loss
256Asset impairments and abandonments and restructuring
—504Adjustments to Operations and Support Expenses
171589  Amortization of intangible assets
579Adjustments to Operating Expenses
228598Other


 Equity in net income of DIRECTV
—(1,423)  Benefit-related (gain) loss, impairments of investments and other
2864Adjustments to Income from Continuing Operations Before Income Taxes
256(761)  Tax impact of adjustments
59(165)Adjustments to Income From Continuing Operations
$   197$   (596) Preferred stock redemption gain
—(90)Adjustments to Income From Continuing Operations Attributable to Common Stock
$   197$   (686) 1 Includes certain legal reserves and settlements that cover extended historical periods, novel theories of liability and/or are unpredictable 
in both magnitude and timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of 
expected insurance recoveries and are primarily associated with legacy legal matters and cybersecurity events. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS are non-GAAP financial measures calculated by excluding from operating revenues, operating expenses, other income (expense) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Management believes that these measures provide relevant and useful information to investors and other users of our financial data in evaluating the effectiveness of our operations and underlying business trends.Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. AT&T's calculation of Adjusted items, as presented, may differ from similarly titled measures reported by other companies.Adjusted Operating Income, Adjusted Operating Income Margin,Adjusted EBITDA and Adjusted EBITDA Margin Dollars in millions



First Quarter

20262025Operating Income
$   6,658$   5,754Adjustments to Operating Expenses
228598Adjusted Operating Income
$   6,886$   6,352



EBITDA
$ 11,624$ 10,944Adjustments to Operations and Support Expenses
171589Adjusted EBITDA
$ 11,795$ 11,533



Total Operating Revenues
$ 31,506$ 30,626



Operating Income Margin
21.1 %18.8 %Adjusted Operating Income Margin
21.9 %20.7 %Adjusted EBITDA Margin
37.4 %37.7 % Adjusted Diluted EPS

First Quarter

20262025Diluted Earnings Per Share (EPS) From Continuing Operations
$   0.54$   0.61Equity in net income of DIRECTV
—(0.15)  Restructuring and impairments
—0.05  Benefit-related, transaction, legal and other items
0.03—Adjusted EPS
$   0.57$   0.51Year-over-year growth - Adjusted
11.8 %
Weighted Average Common Shares Outstanding withDilution (000,000)
7,0277,223Net Debt to Adjusted EBITDA
Net Debt to EBITDA ratios are non-GAAP financial measures frequently used by investors and credit rating agencies and management believes these measures provide relevant and useful information to investors and other users of our financial data. Our Net Debt to Adjusted EBITDA ratio is calculated by dividing the Net Debt by the sum of the most recent four quarters Adjusted EBITDA. Net Debt is calculated by subtracting cash and cash equivalents and deposits at financial institutions that are greater than 90 days (e.g., certificates of deposit and time deposits), from the sum of debt maturing within one year and long-term debt.Net Debt to Adjusted EBITDA - 2026Dollars in millions





Three Months Ended


June 30,
Sept. 30,
Dec. 31,
March 31,
FourQuarters
20251
20251
20251
2026
Adjusted EBITDA$  11,731
$  11,861
$  11,236
$  11,795
$  46,623End-of-period current debt







6,818End-of-period long-term debt







131,589Total End-of-Period Debt







138,407Less: Cash and Cash Equivalents







11,964Net Debt Balance







126,443Annualized Net Debt to Adjusted EBITDA Ratio







2.71 1 As reported in AT&T's Form 8-K filed January 28, 2026. Net Debt to Adjusted EBITDA - 2025Dollars in millions





Three Months Ended


June 30,
Sept. 30,
Dec. 31,
March 31,
Four Quarters
20241
20241
20241
20251
Adjusted EBITDA$  11,337
$  11,586
$  10,791
$  11,533
$  45,247End-of-period current debt







8,902End-of-period long-term debt







117,259Total End-of-Period Debt







126,161Less: Cash and Cash Equivalents







6,885Less: Time Deposits







150Net Debt Balance







119,126Annualized Net Debt to Adjusted EBITDA Ratio







2.63 1 As reported in AT&T's Form 8-K filed January 28, 2026.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-reports-strong-first-quarter-2026-financial-results-302750161.htmlSOURCE AT&T

Original: AT&T Reports Strong First-Quarter 2026 Financial Results

AT&T and Citi Enhance the AT&T Points Plus CardApril 20, 2026 8:00 AM
PR Newswire (US)

DALLAS and NEW YORK, April 20, 2026 /PRNewswire/ -- Refreshed card offers new ways for AT&T customers to save money and maximize rewardsKey Takeaways:Citi and AT&T introduce new benefits for the AT&T Points Plus® Card, delivering more value and savings.Card benefits now include monthly AT&T wireless and internet bill discounts, 2x ThankYou® Points on AT&T products and services and no foreign transaction fees.1Customers can continue earning ThankYou Points on everyday purchases like gas and groceries and up to $240 in statement credits annually.Today, AT&T and Citi announced new benefits for the AT&T Points Plus® World Mastercard®, offering monthly discounts on wireless and internet bills, plus more opportunities to earn rewards, all with no annual fee1."Customers have told us they want simplicity, value and savings," said Erin Scarborough, senior vice president of Revenue Management & Commercialization at AT&T. "With this in mind, we partnered with Citi to enhance the AT&T Points Plus Card, helping customers lower their monthly bills, earn rewards and get more out of their everyday purchases."New Ways to Maximize Value 
The AT&T Points Plus Card is the only credit card that lets customers save on their AT&T wireless and internet bills and earn rewards on AT&T purchases. New benefits include:$10 per line monthly discount on AT&T wireless bills and $10 monthly discount on eligible AT&T internet bills when enrolled in AutoPay and paperless billing at AT&T22x ThankYou Points on AT&T products and services, including bill paymentNo foreign transaction fees1 when traveling internationally"Citi and AT&T have a long history of delivering meaningful value to our customers," said John LaCosta, Head of Partnership Cards and Development for U.S. Consumer Cards at Citi. "With the enhanced AT&T Points Plus Card, we're making it even easier for customers to stay connected, save money and get rewarded in their daily lives."Rewards Powered by Everyday Spending 
In addition to the new benefits, the AT&T Points Plus Card continues to reward customers with statement credits and ThankYou Points on everyday purchases. Customers can earn:$20 statement credit each billing cycle after spending $1,000 or more on purchases, now with no additional requirements, making it easier to earn up to $240 annually33x ThankYou Points at gas and EV charging stations2x ThankYou Points at grocery stores1x ThankYou Points on all other purchasesThrough the Citi ThankYou Rewards program, the card offers wide-ranging and flexible redemption options, including travel, gift cards, cash back, shopping at participating retailers and more.Customers can also continue to enjoy World Mastercard benefits such as Mastercard ID Theft Protection and Priceless Experiences, which offer cultural, culinary and entertainment opportunities.The new AT&T Points Plus Card benefits are now available to existing customers and new customers can apply at att.com/deals/att-points-plus-citi.1 AT&T Points Plus Card Pricing: A variable APR of 19.49% - 27.49% based on your creditworthiness, applies to purchases, balance transfers, and Citi Flex Plans subject to an APR. For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. The variable APR for cash advances is 29.74%. The variable Penalty APR is up to 29.99% and may be applied if you make a late payment or make a payment that is returned. Minimum interest charge is $0.50. Annual Fee – None. Fee for foreign purchases – None. Cash advance fee – either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee – either $5 or 5% of the amount of each transfer, whichever is greater. New card members only. Subject to credit approval. Additional limitations, terms and conditions apply. You will be given further information when you apply. Any benefit, reward, service or feature offered in connection with your Card Account may change or be discontinued at any time for any reason, except as otherwise expressly indicated. Citi isn't responsible for products and services offered by other companies. Rates as of 04/20/2026.

2 AT&T AutoPay and Paperless Bill Discount: $10 a month per wireless phone line and/or internet bill ($5 a month for AT&T Internet Air®) if enrolled in both paperless billing and AutoPay with a bank account or the AT&T Points Plus® Card from Citi. Discount reduced to $5 a month per wireless phone line and/or internet bill when enrolled in AutoPay with a debit card. No discount if enrolled in AutoPay with any other credit card ($5 a month for AT&T Internet Air if enrolled in AutoPay regardless of payment method). Wireless customers pay full plan cost until discount starts within 2 bills. Internet customers pay full plan cost until discount starts within 3 bills. Must maintain valid email address to continue discount. AT&T employees, retirees, and IMO consumers are not eligible for the AutoPay and paperless bill discount. Discount is provided solely by AT&T and is not a benefit of the AT&T Points Plus Card from Citi.

3 Citi Statement Credit: You can earn a statement credit on your AT&T Points Plus Card from Citi every billing cycle with qualified spend. If you spend $1,000 or more on purchases in a billing cycle, you will receive a $20 statement credit. The spend amount is based on net new purchases (calculated as total purchases minus total returns and refunds), excluding balance transfers, cash advances, checks that access your Card Account, items returned for credit, unauthorized charges, interest and account fees, travelers checks, foreign currency purchases, money orders, wire transfers (and similar cash-like transactions), lottery tickets, gaming chips (and similar betting transactions).About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the ?rst phone call 150 years ago to our 5G wireless and multi-gig internet o?erings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-and-citi-enhance-the-att-points-plus-card-302746666.htmlSOURCE AT&T

Original: AT&T and Citi Enhance the AT&T Points Plus Card

Futures Signal Continued Gains for Wall Street: Dow Jones, S&P, NasdaqApril 17, 2026 9:23 AM
IH Market News
U.S. stock futures are indicating a higher open on Friday, suggesting that markets may build on the upward momentum seen in recent sessions.Investor sentiment continues to be supported by optimism that the U.S. conflict with Iran could be nearing an end, following recent remarks from President Donald Trump.Speaking at an event in Las Vegas on Thursday, Trump said the “war in Iran is going along swimmingly” and “should be ending pretty soon.”While similar upbeat comments have been made throughout the conflict, they continue to underpin positive sentiment in equity markets.“If a resolution can be found in the near term, then perhaps the market will have been right to see this as a blip rather than something which justifies a more significant derating of corporate valuations,” said Russ Mould.He added, “Only time will tell, though sooner rather than later there will need to be evidence of Donald Trump’s repeated claims that the war will be ending soon coming to fruition.”Markets are also being supported by expectations of solid corporate earnings, ahead of a busy week of results from major companies.Among those set to report are 3M (NYSE:MMM), UnitedHealth (NYSE:UNH), AT&T (NYSE:T), Boeing (NYSE:BA), IBM Corp. (NYSE:IBM), Tesla (NASDAQ:TSLA), American Express (NYSE:AXP), and Intel (NASDAQ:INTC).However, Netflix (NASDAQ:NFLX) shares are down 8.9% in premarket trading after the company delivered strong first-quarter results but issued weaker-than-expected guidance for the second quarter.On Thursday, stocks traded unevenly but maintained an overall positive tone, with major indices ending moderately higher. The Nasdaq and S&P 500 both extended recent gains, closing at fresh record highs.All three major benchmarks finished in positive territory: the Nasdaq rose 86.69 points, or 0.4%, to 24,102.70; the S&P 500 gained 18.33 points, or 0.3%, to 7,041.28; and the Dow Jones Industrial Average added 115.00 points, or 0.2%, to 48,578.72.The sustained rally has helped the Nasdaq and S&P 500 recover fully from the sharp declines seen following the outbreak of the U.S.-Iran conflict.Investors also remain hopeful about the possibility of renewed peace talks between Washington and Tehran, although no official meeting has yet been confirmed.Reports suggest both sides may consider extending the current ceasefire by two weeks to allow more time for negotiations.Further boosting sentiment, Trump said in a post on Truth Social that Israel and Lebanon have agreed to a 10-day ceasefire.He also noted that Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun have been invited to the White House for peace discussions.Iran has continued to insist that Israel halt its attacks on Hezbollah in Lebanon as part of any ongoing ceasefire agreement.“It’s like the events of the past month-and-a-half have been placed in the rearview mirror by investors,” said Dan Coatsworth. “The market’s sanguine perspective may be tested if the rhetoric about an end to the fighting isn’t matched by reality sooner rather than later.”On the economic front, the Federal Reserve reported that U.S. industrial production unexpectedly declined in March.Industrial output fell 0.5% during the month, following a 0.7% increase in February. Economists had expected a modest 0.1% rise. The decline was partly driven by notable drops in utilities and mining production.In sector performance, transportation stocks stood out, pushing the Dow Jones Transportation Average up 4.1% to a record closing high.J.B. Hunt (NASDAQ:JBHT) was a key contributor, with shares jumping 6.3% after reporting better-than-expected quarterly results.Telecom stocks also showed strong gains, with the NYSE Arca North American Telecom Index rising 3.8%.Strength was also seen in networking, hardware, software, and oil-related stocks, while airline stocks moved notably lower.3M stock priceUnitedHealth Group stock priceAT&T stock priceBoeing stock priceIBM stock priceTesla stock priceAmerican Express stock priceIntel stock priceNetflix stock priceJ.B. Hunt Transport Services stock price

Original: Futures Signal Continued Gains for Wall Street: Dow Jones, S&P, Nasdaq

$10 you never know, why dividends over years decline, was there forward splits

Amazon CEO Jassy details AI spending plans, forecasts $200B capex for 2026April 9, 2026 9:51 AM
IH Market News
Amazon (NASDAQ:AMZN) Chief Executive Andy Jassy said in his annual shareholder letter that the company expects to spend roughly $200 billion on capital expenditures in 2026, with the bulk directed toward building out artificial intelligence infrastructure.Jassy said Amazon Web Services’ AI business has reached a revenue run rate of more than $15 billion in the first quarter of 2026. He noted that this represents growth nearly 260 times faster than AWS experienced at a similar point earlier in its development. The company added 3.9 gigawatts of power capacity in 2025 and plans to double its total capacity by the end of 2027.Amazon reported total revenue of $717 billion for 2025, an increase of 12% from $638 billion in 2024. Operating income rose 17% to $80 billion from $69 billion. Free cash flow, however, dropped from $38 billion to $11 billion as spending on property and equipment surged by $50.7 billion year over year, largely tied to AI-related investments.The company’s in-house AI chip portfolio—including Graviton, Trainium and Nitro—has reached an annual revenue run rate exceeding $20 billion, with triple-digit year-over-year growth. Jassy said that at scale, Trainium is expected to save tens of billions of dollars in capital expenditures each year while adding several hundred basis points to operating margins.AWS reported a revenue run rate of $142 billion in the fourth quarter of 2025, reflecting 24% year-over-year growth. Jassy said demand for cloud infrastructure continues to exceed available capacity, leaving some customer demand unmet.In its retail segment, Amazon introduced Amazon Now, a rapid-delivery service offering thousands of products within about 20 minutes. The service is seeing order growth of 25% month over month in India, where Amazon operates more than 360 micro-fulfillment centers. The company’s grocery division generated more than $150 billion in gross sales in 2025, making Amazon the second-largest grocery retailer in the United States.Amazon’s Prime Air drone delivery program aims to reach communities representing 30 million customers by the end of the year and is targeting half a billion deliveries by the end of the decade. The company has built more than 85 Same-Day Fulfillment Centers across the U.S. and has already delivered more than 500 million same-day orders in 2026.Amazon Leo, the company’s low Earth orbit satellite network, currently has more than 200 satellites in orbit. It has secured revenue commitments from Delta Air Lines (NYSE:DAL), which plans to begin offering the service on 500 aircraft in 2028. Additional customers include JetBlue, AT&T (NYSE:T), Vodafone, and NASA.Jassy added that a significant portion of the AWS capital expenditures planned for 2026 is already backed by customer commitments, including a deal worth more than $100 billion with OpenAI.Amazon stock price

Original: Amazon CEO Jassy details AI spending plans, forecasts $200B capex for 2026

AT&T introduces OneConnect to bundle wireless and fiber servicesMarch 31, 2026 10:28 AM
IH Market News
AT&T Inc. (NYSE:T) has unveiled OneConnect, a new subscription offering that combines mobile and home internet services into a single plan.The Dallas-based telecommunications provider said the service delivers unlimited connectivity across devices—including smartphones, tablets and wearables—through one monthly payment that already includes taxes and fees.According to AT&T, customers can enroll in the plan, which bundles AT&T wireless service with 1 Gig fiber internet, in less than five minutes. The company said the new offering reflects growing demand for simpler billing, noting that 72% of customers prefer to receive a single bill for their connectivity services.“There’s only one internet, why buy it twice?” said Jenifer Robertson, AT&T’s executive vice president and general manager for Mass Markets. “AT&T OneConnect is what our customer-first approach looks like in practice.”The service operates on what AT&T describes as the largest wireless and fiber networks in the United States. The company added that customers who subscribe to both AT&T Fiber and AT&T wireless services typically report higher satisfaction levels and stronger retention rates.To use OneConnect, customers must bring their own unlocked devices that support eSIM technology. The offering is currently available only in select locations where AT&T fiber service is offered. AT&T also noted that wireless data speeds may be temporarily reduced during times of network congestion.AT&T currently serves more than 100 million consumers in the U.S. and nearly 2.5 million business customers. The company also reaffirmed its 2026 financial outlook and capital return plans, which were previously outlined alongside its fourth-quarter 2025 earnings release.

Original: AT&T introduces OneConnect to bundle wireless and fiber services

AT&T Launches OneConnect, the First-Ever Single Subscription for Unlimited ConnectivityMarch 31, 2026 6:45 AM
PR Newswire (US)

DALLAS, March 31, 2026 /PRNewswire/ -- AT&T OneConnect makes connectivity simple—one subscription, one flat monthly price, and coverage for your wireless and home internet across your devices. 1Key Takeaways:First and only: AT&T is the first and only connectivity provider to combine fast, reliable home internet and wireless together across as many devices as needed,1 with one simple subscription and one all-in price.Fast and simple: In under 5 minutes, new consumers can sign up for AT&T wireless + 1 Gig fiber2 – simplifying the entire purchase experience.Connected to everything: AT&T OneConnect runs on America's largest wireless3 and fiber4 networks, and America's best and fastest home internet5. Combined, it delivers the simple experience customers deserve and defines connectivity of the future.What's new: Today, we launched AT&T OneConnect, the first-ever single subscription to deliver unlimited connectivity that powers all devices—wearable, smartphones and tablets1 at home and on the go. OneConnect subscribers get the fast, reliable connectivity they need on as many devices as needed,1 for one simple price, taxes and fees included. We're shaping the internet experience of the future one connection at a time.Why it matters: AT&T is setting a new standard with a faster, simpler way for consumers to choose and purchase the connections that matter most. This is an important move to address feedback from our customers, solving the common frustration of juggling multiple bills for home internet and wireless services. In fact, 72% of customers prefer a single bill for connectivity across their devices, wherever they are, for a flat, predictable price. AT&T OneConnect delivers the straightforward experience people want without the hassle and confusion of keeping up with separate home internet and wireless accounts. It's one simple subscription for all connectivity needs, at one predictable price – with taxes and fees included.Why AT&T: AT&T runs the largest wireless network and the best and largest fiber network in America. When paired together, we deliver an unmatched connectivity experience, giving people the speed and reliability they count on to call, stream, scroll, and share, wherever they are and on any device.Stronger together: Customers who subscribe to both AT&T Fiber and AT&T wireless report higher satisfaction and stay with AT&T longer. OneConnect builds on that momentum by offering a single subscription designed to cover customers' everyday connectivity needs, all in one place.Quotable: "There's only one internet, why buy it twice?" said Jenifer Robertson, AT&T's EVP and GM for Mass Markets. "AT&T OneConnect is what our customer-first approach looks like in practice. In three simple steps, we're delivering a seamless and reliable connectivity experience, at home and on the go."Learn more at att.com/oneconnect.AT&T reiterates all 2026 and multi-year financial guidance and capital return plans provided with its fourth-quarter 2025 earnings report.1Maximum number of wireless lines varies by plan. Limited to bring your own eSIM compatible, unlocked smartphones, tablets, and wearables.2Limited availability in select areas. AT&T may temporarily slow wireless data speeds if the network is busy.3Largest wireless networks compares cellular networks, excluding satellite.4Based on the number of fiber to the home households using publicly available data.5Best & fastest Internet, AT&T Fiber: Based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025.Limited availability.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the ?rst phone call 150 years ago to our 5G wireless and multi-gig internet o?erings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-launches-oneconnect-the-first-ever-single-subscription-for-unlimited-connectivity-302729299.htmlSOURCE AT&T

Original: AT&T Launches OneConnect, the First-Ever Single Subscription for Unlimited Connectivity

AT&T Declares Dividends on Common and Preferred SharesMarch 27, 2026 4:15 PM
PR Newswire (US)

DALLAS, March 27, 2026 /PRNewswire/ -- The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable May 1, 2026.Key Takeaways:The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on May 1, 2026.The board of directors of AT&T (NYSE: T) today declared a quarterly dividend of $0.2775 per share on the company's common shares. The board of directors also declared quarterly dividends on the company's 5.000% Perpetual Preferred Stock, Series A and the company's 4.750% Perpetual Preferred Stock, Series C. The Series A dividend is $312.50 per preferred share, or $0.3125 per depositary share. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share.Dividends on the common stock and Series A and Series C preferred stock are payable on May 1, 2026, to stockholders of record of the respective shares at the close of business on April 10, 2026.To automatically receive AT&T financial news by email, please subscribe to email alerts.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the ?rst phone call 150 years ago to our 5G wireless and multi-gig internet o?erings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-declares-dividends-on-common-and-preferred-shares-302727461.htmlSOURCE AT&T

Original: AT&T Declares Dividends on Common and Preferred Shares

AT&T Launches New App to Simplify Customers' Digital ExperienceMarch 18, 2026 7:00 AM
PR Newswire (Canada)

DALLAS, March 18, 2026 /CNW/ --The new AT&T app delivers fast, simple control to manage wireless and home internet services with AI-powered support and streamlined notifications. Key Takeaways:AT&T is simplifying its digital experience so customers can shop and manage all their connectivity services in one place.The new AT&T app is built around a GenAI assistant, making it faster to find what you need with a more personalized experience.We're giving customers the information, convenience and controls they deserve, with more features to come throughout the year.The News:
Beginning today, AT&T is starting to roll out the new AT&T app, a simpler way to experience all of AT&T in one convenient place. The app makes it easier to manage all services, and it provides a one-stop shop for converged customers who subscribe to both wireless and home internet services. The app also features new usage insights, precision device controls, a modern shopping experience, and faster answers through a new AI-powered assistant – all designed to make everyday tasks quicker and easier.Why it Matters:
Customers tell us they want seamless connectivity and a seamless experience to match. With the new AT&T app, we're bringing more of our services together, making it easier to get the visibility, control, resources, help, and expertise customers are looking for.Quotable:
"Millions of customers already rely on our apps every month to manage their AT&T experience," said Kellyn Smith Kenny, chief marketing and growth officer, AT&T. "That scale created an opportunity for us to think bigger: to build a single flagship app that brings services together in one place. The new AT&T app is designed around our customers' lives, not just their bills, making it faster and easier to manage services, shop, get support when needed, and stay connected to what matters most.""We built our new app around what customers told us they wanted most: simplicity, speed, and control," said Jenifer Robertson, AT&T's EVP and GM for Mass Markets. "This launch is an important step in enhancing seamless experiences, making every interaction easier and more intuitive so customers can get what they need, when they need it."More Details:
For the first time, new customers can also shop and trial AT&T service directly from the app. The launch reflects our customer-first approach. We built the app with a clean design, simple navigation, and a modern architecture that enables ongoing improvements over time.Today, the AT&T app is built for everyday needs, including:Manage services in one place: Customers with both AT&T wireless and AT&T home internet can manage their services together and access features like advanced device controls and internet backup.1AI-powered assistant: Customers can quickly get expert advice on shopping or customer support needs.Set daily downtime schedules: Customize "Downtime" settings for devices – from sleep, to homework or family time.Upgraded shopping: New and existing customers can use the app to shop the latest devices and plans, subscribe to home internet service, and find the closest AT&T store.Manage all connected devices: Group devices on your account by person or purpose, manage them together, and pause or restore their service when needed.Simplified message center: See all AT&T notifications, texts, and emails in one place.New usage insights: Get more details on calls, texts, and data.The new AT&T app lays the digital foundation for an AI-driven future, where always-on connectivity and smarter experiences will power what people do next. With AT&T Fiber recognized as the best and fastest home internet2, and operating the nation's largest wireless network3, AT&T is focused on delivering a dependable experience customers can count on, backed by the AT&T Guarantee, the industry's first and only guarantee that covers both wireless and fiber networks.New and existing customers can now download the new AT&T app on the App Store and Google Play or at ATT.com.1where available
2Best & Fastest Internet, AT&T Fiber: based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025
3Compares cellular networks, excluding satellite.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the ?rst phone call 150 years ago to our 5G wireless and multi-gig internet o?erings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.  





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-launches-new-app-to-simplify-customers-digital-experience-302716585.htmlSOURCE AT&T

Original: AT&T Launches New App to Simplify Customers' Digital Experience

When Every Moment Matters This March, It Has to Be AT&TMarch 16, 2026 10:00 AM
PR Newswire (Canada)

DALLAS, March 16, 2026 /CNW/ --As millions of fans tune in for NCAA® March Madness®, AT&T is launching a new national campaign bringing fans together during college basketball's biggest moments.Every year, NCAA® March Madness® turns the country into one giant group chat. Underdogs rise, brackets bust, and last-second shots spark instant reactions as fans stream, text, post, and celebrate together. This season, AT&T continues to power the moments that matter, helping fans stay connected as the action unfolds.Today, people are more connected than ever. But what many are really looking for isn't more connectivity – it's more meaningful connections. Building on its iconic Connecting Changes Everything platform, AT&T's latest campaign highlights how reliable connectivity fuels the experiences fans care about most – from watching a game-winning shot live to sharing it with friends and family. The campaign introduces AT&T's purpose-driven spokesperson, Ted, who represents the belief that people should not just connect more, they should connect better."March Madness brings fans together in real time – streaming the game, sharing highlights, and celebrating every buzzer-beater with the people who matter most," said Kellyn Smith Kenny, Chief Marketing & Growth Officer, AT&T. "At AT&T we're focused on making sure those connections never miss a moment. With the AT&T Guarantee, fans can rely on our network to show up when it counts."As a proud sponsor of the NCAA March Madness and the Men's and Women's Final Four® for more than 20 years, AT&T continues to play an integral role in bringing the tournament to life for fans – on and off the court. In addition to being a sponsor and major advertiser across both tournaments, AT&T is sponsoring the Men's and Women's Bracket Managers on CBS Sports, helping millions of fans stay engaged with the tournament from Selection Sunday through the championship.During Final Four weekend, AT&T will enhance the overall fan experience, delivering immersive moments that celebrate the energy of college basketball and the artists' fans love. From immersive fan experiences to marquee events including the AT&T Block Party and Super Saturday Concert presented by AT&T, the brand is helping turn college basketball's biggest weekend into a shared celebration. AT&T's wireless and fiber networks are built to support the surge of fans streaming and sharing in real time – whether they're watching the tournament from home, on the go, or experiencing the action in person.Continued investment in network performance helps ensure customers stay connected during the tournament's biggest moments. Fans onsite at Men's Final Four will have access to Turbo Live by AT&T, which enhances video calling, live streaming and sharing the can't-miss moments. Whether fans are cheering in the stands or watching at home, no one brings them closer to the action than AT&T.Behind every shared moment is the reliability customers expect from AT&T. As we expand fiber and wireless access to millions more homes, we're proud to back those customers with America's best guarantee – the AT&T Guarantee®. Now with the inclusion of AT&T Internet Air in the AT&T Guarantee and Internet Backup for eligible fiber and wireless customers – our commitment to dependable connectivity is stronger than ever.Because when unforgettable moments happen, fans should be focused on the experience, not their connection.When the connection matters, it has to be AT&T.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/when-every-moment-matters-this-march-it-has-to-be-att-302714132.htmlSOURCE AT&T

Original: When Every Moment Matters This March, It Has to Be AT&T

AT&T Launches New Wireless Plans - Giving Customers More ValueMarch 13, 2026 6:00 AM
PR Newswire (Canada)

DALLAS, March 13, 2026 /CNW/ -- The AT&T Unlimited Your Way® lineup is built around what customers ask for: choice and value.Key Takeaways:Unlimited Your Way now includes AT&T Value 2.0SM, an entry level plan for value-conscious customers with the option to mix-and-match with our other new plans, unlike T-Mobile.The full Unlimited Your Way lineup now includes more high-speed data to help our customers stream, scroll and video chat with confidence.Customers get real value on the nation's largest wireless network1—without having to choose the highest-priced plan.The news:AT&T is upgrading its wireless rate plans to give customers more value, with three new plans designed to fit every budget.  Customers can even mix-and-match any of our best unlimited plans2 across lines – giving our customers the ability to choose the right plan for each line without overpaying.Why it matters: Across the wireless industry, plans have become increasingly complex, with bundles and "extras" that leave customers paying for features they may never use. AT&T's new plans center on the core wireless features they expect, with the flexibility to change plans as needed. The result is delivering more value on our newest, most affordable plan and exceptional flexibility at that price.  We're setting a new standard for better, customer-first wireless plans.Check out the breakdown/updates hereThe new plans keep what customers already know and love from AT&T, like ActiveArmor®3 that helps keep them protected, and unlimited talk, text, and data in and between the U.S., Canada, and Mexico.4America's Best Guarantee:We are the largest wireless network1 and remain the only one bold enough to back both our fiber and wireless networks with America's best guarantee. Unlike our competitors, we are focused on the next decade, not the next deal.Quotable:"Customers have been clear: they want simple plans, features that matter, and real value. That's what Unlimited Your Way delivers," said Jenifer Robertson, executive vice president and general manager, Mass Markets, AT&T. "We're giving customers what they want with choice and reliability, all backed by the AT&T Guarantee."Learn more here.1 Compares cellular networks, excluding satellite.
2 AT&T may temporarily slow data speeds if the network is busy.  Eligible plans: All plans under Unlimited Your Way.
3 Compatible device for AT&T ActiveArmor app access.?Download of app req'd. Some mobile security features are not avail. while roaming internationally.
4 Unlimited talk, text & data in and between the U.S., Canada & Mexico: 2G off-net data speeds may apply.About AT&TWe help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-launches-new-wireless-plans---giving-customers-more-value-302713033.htmlSOURCE AT&T

Original: AT&T Launches New Wireless Plans - Giving Customers More Value

NYSE Content Update: AT&T CEO John Stankey to Ring Bell on 150th Anniversary of First Phone CallMarch 10, 2026 8:55 AM
PR Newswire (US)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, March 10, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 
Kristen Scholer delivers the pre-market update on March 10thThe stock market is recovering Tuesday morning, and the price of ICE Brent Crude is cooling after President Donald Trump said that Iran War could "very soon" end.Paris Hilton, alongside activist Gloria Steinem, celebrated International Women's Day at the NYSE on Monday, March 9, by ringing the Closing Bell.Telecom giant AT&T (NYSE: T) announces a $250 billion commitment to advance U.S. connectivity as it marks the 150th anniversary of the first telephone call.Nexthop AI raises $500 million in funding with an oversubscribed series B round led by Lightspeed Venture partners to boost its valuation to $4.2 billionOpening Bell
AT&T (NYSE: T) celebrates the 150th anniversary of the first telephone callClosing Bell
Bunge (NYSE: BG) celebrates its 2026 Investor Day and 25 years as a public companyFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com Video - https://mma.prnewswire.com/media/2930419/NYSE_Market_Update_March_10.mp4Photo - https://mma.prnewswire.com/media/2930418/NYSE_Paris_Hilton_And_Gloria_Steinem.jpgLogo - https://mma.prnewswire.com/media/2581322/New_York_Stock_Exchange_Logo.jpg



View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-update-att-ceo-john-stankey-to-ring-bell-on-150th-anniversary-of-first-phone-call-302709496.html

Original: NYSE Content Update: AT&T CEO John Stankey to Ring Bell on 150th Anniversary of First Phone Call

AT&T plans over $250 billion investment in U.S. network infrastructure by 2030March 10, 2026 7:06 AM
IH Market News
AT&T Inc. (NYSE:T) said it plans to invest more than $250 billion over the next five years to expand its fiber and wireless network infrastructure across the United States through 2030, according to a company announcement.The telecommunications group stated that the investment will be directed toward expanding fiber networks, 5G home internet, wireless services and satellite connectivity across urban, suburban and rural regions. The announcement comes as the company marks the 150th anniversary of Alexander Graham Bell’s first telephone call.“Today, we’re committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T’s leading fiber and wireless networks,” said John Stankey, Chairman and CEO of AT&T.AT&T said it intends to accelerate the rollout of its network infrastructure, including a satellite partnership with AST SpaceMobile aimed at improving coverage in remote and underserved areas. The company will also continue to invest in FirstNet, its dedicated communications network for first responders, while enhancing its cybersecurity and network protection capabilities.As part of the expansion, AT&T said it plans to recruit thousands of technicians in 2026 alone. The company noted that only about 5% of its roles require a four-year college degree and highlighted training programs designed to prepare skilled technicians to build and maintain telecommunications infrastructure.With around 110,000 employees in the United States, AT&T said it has the largest unionized workforce in the U.S. telecommunications sector. The company currently provides services to more than 100 million customers in the U.S. and nearly 2.5 million businesses.The investment strategy focuses on three key areas: expanding connectivity infrastructure, developing workforce skills and strengthening network security technologies. AT&T said the current federal telecommunications policy framework, along with the broader tax and regulatory environment, supports its decision to undertake the investment.AT&T stock price

Original: AT&T plans over $250 billion investment in U.S. network infrastructure by 2030

AT&T Announces $250 Billion Commitment to Advance U.S. ConnectivityMarch 10, 2026 6:00 AM
PR Newswire (US)

DALLAS, March 10, 2026 /PRNewswire/ --AT&T marks the 150th anniversary of the ?rst phone call by re-a?rming its leadership in investing in U.S. telecommunication infrastructure through 2030.Key Takeaways:AT&T is committing more than $250 billion over ?ve years to build the best and largest network, with the capabilities and resilience required for the next era of innovation and economic growth.We are investing at the top of our industry to deliver unmatched coverage for more than 100 million customers on the nation's largest ?ber and wireless networks.AT&T is deploying networking infrastructure required to meet the ever-increasing demand for reliable, always-on connectivity across urban, suburban and rural America.AT&T (NYSE: T) is proud to announce an investment and spend of more than $250 billion in the future of U.S. advanced connectivity, building the high-speed networks and resilience required for the next era of innovation and economic growth.Building on the legacy of founder Alexander Graham Bell's ?rst phone call 150 years ago, AT&T is rea?rming its leadership as the company driving America's connected economy so every community, family, and business can participate in the promise of American progress."Today, we're committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T's leading ?ber and wireless networks – the best way to get on the internet," said John Stankey, Chairman and CEO of AT&T. "Current Federal telecommunications policy is as strong as I've seen in my career, making our commitment to invest possible. We look forward to serving American communities and businesses for the next 150 years."What began with a single copper wire has evolved into the nation's largest converged network of ?ber internet and 5G wireless services, connecting people at home, at work, and on the go.This next chapter of investment and long-term operating commitment builds on that foundation through three strategic areas: deploying always-on connectivity, investing in people and communities, and innovating to secure America's connected economy. The current tax and regulatory environment are the most conducive to such investment in decades.Deploying Always-On Connectivity
Ubiquitous networks that provide reliable, always-on connectivity are the critical conduits that make Arti?cial Intelligence, autonomous technologies, cloud computing, and data-heavy digital services possible. AT&T's investment will expand future-ready ?ber and wireless services, modernize critical infrastructure, and strengthen network resilience and security to support communities and the economy for decades to come, including:Accelerating the deployment of ?ber, 5G home internet, wireless and satellite across urban, suburban, and rural AmericaAT&T's satellite collaboration with AST SpaceMobile will extend coverage into remote areas.Strengthening FirstNet, Built by AT&T – the nation's ?rst and only network built with and for ?rst responders – and modernizing vital infrastructure for public safety and resilienceWith AT&T Dynamic Defense, we deliver the only network connectivity with comprehensive built-in security controls.Laying the groundwork for the next wave of American technological leadership through smart infrastructure and network optimizationAT&T's Wi-Fi Personalization provides a tailored home experience that matches our customers' daily habits, and AT&T Turbo Live allows customers to boost their data experience at live events to get the reliable connection they want, even in crowded venues.Investing in People and Communities
Building the nation's connectivity backbone requires dedicated, highly trained people. With approximately 110,000 U.S. employees today, AT&T will continue investing in America's workforce, including supporting the largest unionized workforce in the U.S. telecom industry, with a focus on training and development.Investing in education through connectivity also strengthens communities. When workers can train locally, communities retain talent, families gain stability, and local economies grow stronger. These are mission-critical roles that keep networks running safely and reliably – work that depends on skilled technicians, engineers, and customer-facing experts that will remain essential as technology evolves. Focus areas include:Recruiting and training more skilled technicians that are needed to build and maintain essential telecommunications infrastructureHiring thousands of technicians in 2026 alone; Only 5% of jobs at AT&T require a four-year degreeInvesting in training, upskilling, and career pathways to keep roles current as tools and technology change – including AI ?uencySupporting American families with competitive wages, employee bene?ts and exceptional wellness programs, and long-term ?nancial securityInnovating to Secure America's Connected Economy
As connectivity becomes more essential, so do trust, security and continued American leadership in innovation. AT&T will continue investing in technologies that advance and protect the connected economy, including:Scaling network security and AI-driven threat intelligenceEnabling the next wave of American invention across industries by opening up our network to allow new entrants to innovate and supply telecommunications equipment.Strengthening collaboration with public-sector partners to support national resilience and ?rst respondersSupporting America's leadership in global technology and innovationWith this commitment, AT&T will keep building the network Americans rely on, whether delivered by ?ber, wireless, or satellite, so more people and businesses have access to fast, reliable connectivity. It's the foundation for what's next, from remote care, to autonomous vehicles to AI, and it will help keep America connected for the next 150 years.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the ?rst phone call 150 years ago to our 5G wireless and multi-gig internet o?erings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-announces-250-billion-commitment-to-advance-us-connectivity-302708823.htmlSOURCE AT&T

Original: AT&T Announces $250 Billion Commitment to Advance U.S. Connectivity

AT&T Celebrates 150 years of Connecting on the Anniversary of the First Telephone CallMarch 10, 2026 6:00 AM
PR Newswire (US)

DALLAS, March 10, 2026 /PRNewswire/ -- The first phone call sparked the creation what is now the largest advanced converged network that connects Americans to the internet faster than ever.Key Takeaways:Alexander Graham Bell made the first telephone call on March 10, 1876, and formed Bell Telephone Company, which became American Telephone & Telegraph – today's modern AT&T.Today, AT&T is leading the next era of advanced connectivity by investing at historic levels in fiber and 5G to create the best and largest network, backed by the AT&T Guarantee.AT&T continues to win by putting customers first, providing the best and fastest home internet1, delivering critical connections for public safety with FirstNet, Built by AT&T, and deploying next generation connectivity that positions the U.S. to lead in AI.AT&T Inc. (NYSE: T) proudly continues the legacy of founder Alexander Graham Bell, whose 1876 invention of the telephone sparked the creation of the Bell Telephone Company and eventually became today's modern AT&T."The first phone call sparked an entirely new way for people and businesses to deepen connections and thrive," said John Stankey, Chairman and CEO of AT&T. "Today, we carry the spirit of communication forward in bold new ways, powering connections for a new generation – more instantaneous, seamless and limitless than ever before."What began with a single copper wire is now the nation's largest converged network of fiber and 5G wireless services – creating seamless connectivity at home, at work and on the go. One network, one company with connectivity you can depend on – guaranteed, or we make it right.From calls and cords to bits and bytes
Today, our advanced network carries an exabyte of data – one billion gigabytes – on an average day. That's the equivalent of streaming billions of hours of video or trillions of songs – or like downloading every book ever written, thousands of times over, every single day.A century and a half after the first phone call, voice calls now make up a small portion of the traffic carried on our network, as text messages, data and video dominate modern communications.In fact, in 2025, approximately three times more texts than calls traveled over our network.Alexander Graham Bell, inventor and entrepreneur
To honor the first phone call, we recognize the invention that changed the world, the genius of the man who brought it to life, and the many achievements of the company that resulted from this historic moment.To celebrate this milestone, AT&T has donated $150,000 to The Alexander and Mabel Bell Legacy Foundation – honoring our founding innovator and supporting the foundation's ongoing educational work as it preserves Bell's legacy.150 years of AT&T firsts
Bell's invention led to AT&T firsts, including the first trans-continental telephone call between New York and San Francisco in 1915 and the first trans-Atlantic call in 1927. Other firsts include:Vice President Lyndon B. Johnson answered the first satellite call, with an AT&T executive on the other end of the line. (1962)AT&T established the first 911 system to improve emergency response times. (1968)President Richard Nixon made the first call to the moon, reaching Neil Armstrong and Buzz Aldrin on AT&T's network. (1969)AT&T installed the first fiber-optic telecom system underneath Chicago, after partnering with Corning to develop the first fiber-optic cable – transmitting information with light instead of electricity. (1977)AT&T partnered with the federal government to build FirstNet – America's public safety network. (2017)AT&T launched the AT&T Guarantee – AT&T is the first and only provider with a guarantee that includes both wireless and fiber service. (2025)The Next Era of American Connectivity
AT&T is investing in the network America will rely on for the next 150 years. The company continues to notch firsts, stay ahead of the ever-increasing demand for high-speed uploads and downloads, and boosts America's global competitiveness. Here's how AT&T continues to lead the industry:Only AT&T offers a truly converged connectivity experience where fiber and wireless work as one.AT&T earned the first-ever Best Home Internet in the U.S. award by Ookla2.AT&T Fiber was also named America's Fastest Home Internet for the fourth consecutive time, also by Ookla3.AT&T's satellite collaboration with AST SpaceMobile will extend coverage into remote areas, fully integrated with our fiber-fed backbone.FirstNet, Built with AT&T, remains the nation's first and only network built with and for first responders.With AT&T Dynamic Defense®, we deliver the only network connectivity with comprehensive built-in security controls-securing work connections to the cloud to help stop malicious traffic before it gets to customers.AT&T leads in Industrial IoT and connected car connectivity, connecting 150 million devices across major industry sectors.AT&T connects over 80% of all connected cars4 in the U.S., and has added more than one million connected cars to our network for 41 consecutive quarters. 5AT&T is investing in its network for the AI age, knowing that the demand for low-latency, high-speed uploads and downloads will dramatically increase as autonomous vehicles, remote machinery and robotics come online at scale.AT&T's Wi-Fi Personalization delivers a tailored home Wi-Fi experience by learning and automatically prioritizing the activities important to customers.With AT&T's Turbo Live, customers can boost their data experience at live events to get the reliable connection they want, even in crowded venues.Connectivity is no longer one-size-fits-all. AT&T will keep innovating to provide an experience that matches how customers live, work, and play; developing AI-driven solutions to anticipate needs and deliver new services when they matter; and evolving the network from infrastructure into an always-on experience engine. From one invention to today, AT&T's network performance makes it possible.1 Based on analysis of AT&T Fiber by Ookla® of Speedtest Intelligence® data, 2H 2025.
2 Based on analysis of AT&T Fiber by Ookla® of Speedtest Intelligence® data, 2H 2025.
3 Based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025.
4 As of 4Q25, sourced from James Brehm & Associates market research reports.
5 As of 4Q25About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-celebrates-150-years-of-connecting-on-the-anniversary-of-the-first-telephone-call-302708833.htmlSOURCE AT&T

Original: AT&T Celebrates 150 years of Connecting on the Anniversary of the First Telephone Call

Pascal Desroches to Update Shareholders at Deutsche Bank Media, Internet & Telecom Conference on March 9March 8, 2026 5:30 PM
PR Newswire (US)

Tomorrow, AT&T's Chief Financial Officer will participate in a fireside chat at 8:00 a.m. ET to discuss the Company's progress on its multi-year growth strategyKey Takeaways:AT&T's planned new segment reporting, beginning with its first-quarter 2026 results, will provide investors with a better framework for assessing the returns on the Company's growth investments in 5G and fiber.Acquisition of Lumen's Mass Markets fiber business provides significant opportunities to grow AT&T's base of high-value converged customers that subscribe to both its advanced home internet and 5G wireless services.AT&T reiterates all full-year 2026 and multi-year financial and operational guidance and capital return plans shared during its fourth-quarter 2025 earnings call.DALLAS, March 8, 2026 /PRNewswire/ -- Pascal Desroches, Chief Financial Officer, AT&T (NYSE:T), will speak tomorrow at the Deutsche Bank Media, Internet & Telecom Conference where he will provide an update to shareholders.Planned new segment reporting to provide investors with better visibility into drivers of AT&T's investment-led convergence strategy
As disclosed with the Company's fourth-quarter 2025 results, AT&T plans to revise its operating segments to reflect the evolution of its business model to focus on delivering advanced connectivity services across 5G and fiber to consumer and business customers. Beginning with the Company's first-quarter 2026 results, the Company's planned new reportable segments will be:Advanced Connectivity, which represents results primarily from the Company's domestic 5G and fiber-based wireless, internet and other advanced connectivity services, on a recast basis contributed approximately 90% of consolidated revenues in 2025. Results for this segment will be provided in aggregate with supplemental disclosures for performance of the Company's consumer and business relationships.Legacy, which represents results from the Company's domestic legacy voice and data services provided over its copper-based network to consumer and business customers. These results include revenues derived from copper-based services and direct operating costs.Latin America, which will continue to represent results for the Company's wireless business in Mexico.By separating the performance of AT&T's advanced connectivity business from its declining legacy segment, investors will have greater transparency into the returns generated from growth investments in 5G and fiber and how the Company is advancing with its legacy shutdown.Additional information on AT&T's planned new segments, including a recast of quarterly and annual results from the past three years under this framework, can be found on the Company's Investor Relations website.First quarter results to reflect acquisition of fiber assets from Lumen
AT&T closed its transaction to acquire substantially all of Lumen's Mass Markets fiber business on February 2, sooner than originally anticipated. The Company's first-quarter 2026 results will reflect the impact of the acquisition from this date.This includes the acquisition of over 1 million fiber internet customers across over 4 million fiber locations, which is well below AT&T Fiber penetration of 40% at the end of 2025. In addition, fewer than 1 in 5 of these customers are also subscribers to AT&T's wireless services, which is well below the Company's fiber convergence rate in the fourth quarter of 2025 of 42%. AT&T sees significant opportunity to increase fiber penetration and convergence of its fiber and wireless services within the acquired footprint to levels more consistent with its historical results as it increases its investment in these geographies.The Company holds the acquired fiber network assets, including certain fiber network build capabilities, in a wholly owned subsidiary. AT&T plans to sell partial ownership in this subsidiary to an equity partner that will co-invest in the ongoing business. Beginning with its first-quarter 2026 results, AT&T expects to report this business as held-for-sale and discontinued operations, with the results of operations and direct cash flows excluded from the Company's continuing operations. After closing the anticipated sale of partial ownership to an equity partner, AT&T's share of the equity income (loss) of this subsidiary will be included in adjusted EPS from continuing operations.AT&T remains on track to achieve its 2026 and multi-year financial guidance 
AT&T reiterates all full-year 2026 and multi-year financial guidance and capital return plans provided with its fourth-quarter 2025 earnings report, including its outlook for improved growth in adjusted EBITDA and adjusted EPS and higher free cash flow through 2028, as well as plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases. For the first quarter of 2026, the Company continues to expect free cash flow in the range of $2.0 to $2.5 billion. The Company also continues to expect full-year 2026 growth in adjusted EBITDA in the 3% to 4% range, with year-over-year growth in the low-single-digit range during the first quarter.AT&T expects that its net debt-to-adjusted EBITDA ratio will increase to approximately 3.2x following its transaction with EchoStar – which the Company expects to close in early 2026 – and to decline to approximately 3x by the end of 2026. AT&T continues to expect net leverage will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of this acquisition. The Company expects to maintain a consistent approach to capital returns while reducing net leverage to its target range. Conference details and more are available on the AT&T Investor Relations website
Tune in for the fireside chat with Pascal Desroches at the Deutsche Bank Media, Internet & Telecom Conference, scheduled to begin at 8:00 a.m. ET. The webcast will be available live and for replay on the AT&T Investor Relations website.To automatically receive AT&T financial news by email, please subscribe to email alerts.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at investors.att.com. Net debt, adjusted EBITDA and free cash flow estimates depend on future levels of revenues, expenses, capital expenditures, cash paid for vendor financing and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA, adjusted EBITDA or free cash flow and the most comparable GAAP metrics and related ratios without unreasonable effort.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/pascal-desroches-to-update-shareholders-at-deutsche-bank-media-internet--telecom-conference-on-march-9-302707497.htmlSOURCE AT&T

Original: Pascal Desroches to Update Shareholders at Deutsche Bank Media, Internet & Telecom Conference on March 9

AT&T Expands America's Best Guarantee to Millions of Households NationwideMarch 5, 2026 7:00 AM
PR Newswire (US)

DALLAS, March 5, 2026 /PRNewswire/ -- The AT&T Guarantee® is now available to millions more people nationwide with the inclusion of AT&T Internet Air, plus customers with both fiber and wireless get the added perk of free Internet BackupKey Takeaways:AT&T expands the AT&T Guarantee to nearly 50 million more homes across America.AT&T Internet Air, powered by the reliable AT&T 5G wireless network, is now backed by the AT&T Guarantee.Customers with both AT&T Fiber and Wireless receive Internet Backup for free, guaranteed1.What's the news: One year after launching the AT&T Guarantee, AT&T is still the only carrier bold enough to back both fiber and wireless networks with the nation's best guarantee.Today, we are expanding that commitment even further. Now, our postpaid wireless, fiber and home internet offered via AT&T Internet Air are all backed by the AT&T Guarantee.If an AT&T Internet Air network outage that lasts 20 minutes or more, customers will automatically be credited for a full day of service.2 Customers who combine AT&T Fiber with AT&T Wireless will also now receive Internet Backup for free1, guaranteed. This means in the rare event of a fiber network outage, Internet Backup helps keep customers connected.Why it matters: We bring dependable connectivity to customers across America, and we use AT&T Internet Air to do that in areas where fiber isn't available. AT&T Internet Air is simply home internet delivered to our customers over our reliable 5G network. We are so confident in our ability to keep our customers connected that we will make it right if we fall short of that promise.Quotable: "Customers have been clear about what they want from home internet: performance they can trust—and peace of mind when something unexpected happens," said Jenifer Robertson, executive vice president & GM, AT&T Mass Markets. "Expanding the AT&T Guarantee to include Internet Air, plus guaranteeing Internet Backup at no extra cost are both meaningful steps to deliver this peace of mind. It's a direct response to what customers asked for, and it reflects how we're building a better experience—powered by a network designed for speed and reliability."More details: We are the only carrier that guarantees our customers the connectivity they depend on, the deals they want, and the prompt and friendly service they deserve – and make it right if we miss the mark.We are so confident we can deliver on this promise because we have made unprecedented investments in our network to cover more people in more places with faster speeds – and those investments have paid off for the customer. For example, Ookla® just named AT&T Fiber best and fastest home internet.We're connecting customers to the moments that matter most, guaranteed. Learn more at att.com/Guarantee.1Internet Backup: Req's an active AT&T Fiber plan, an eligible, AT&T-provided residential gateway, and an eligible active unlimited postpaid AT&T Wireless plan. Backup service may be unavailable in certain areas and will not work during power outages. Account holder and authorized wireless user must activate Internet Backup feature via the Smart Home Manager app. Customers' names and addresses on the fiber and wireless accounts must match to be eligible. The smartphone for the authorized wireless line must be at home for the duration of the Fiber outage. Location tracking must be enabled on all devices. Android Devices only: Call managing must be enabled. Wireless Data Restrictions: AT&T may temporarily slow data speeds if the network is busy. Speed, coverage, and performance not guaranteed. Feature subject to change and may be discontinued at anytime without notice. Feature and both services subject to the AT&T Customer Service Agreement (att.com/CSA) and AT&T's network management practices (att.com/broadbandinfo).2Residential AT&T Internet Air customers only. To qualify, customers must use AT&T-provided gateways. Eligible customers may receive a bill credit if AT&T determines, in its sole discretion, that there has been a qualifying outage, and that outage lasts more than 20 minutes. Excludes events beyond the control of AT&T,?including but not limited to,?natural disasters, weather-related events, and power outages at customer premises. Customers will receive notice of eligibility for bill credit when notified of a qualifying outage. Value of bill credit will be calculated using the daily rate customer is charged for service only (excludes taxes, fees, and any add-on services) – i.e., monthly rate/days in month.?For each qualifying outage, customer will be eligible for a bill credit equal to one day. If outage lasts for more than 24 hours, customer will receive credit for each additional day of the outage.?In no circumstance will the credit(s) be more than the monthly rate the customer pays for internet service.?Bill credits will be applied within 1-2 billing cycles.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-expands-americas-best-guarantee-to-millions-of-households-nationwide-302705261.htmlSOURCE AT&T

Original: AT&T Expands America's Best Guarantee to Millions of Households Nationwide

Jeff McElfresh to Update Shareholders at Morgan Stanley Technology, Media & Telecom Conference on March 3March 2, 2026 4:30 PM
PR Newswire (US)

Tomorrow, AT&T's Chief Operating Officer will participate in a fireside chat at 10:00 a.m. ET to discuss the Company's progress on its multi-year growth strategyKey Takeaways:Recent acquisition of fiber assets from Lumen positions the Company to materially expand the reach of AT&T Fiber, the nation's best and fastest home internet.1AT&T's fiber services now reach over 36 million customer locations, and the Company continues to expect that it will reach more than 60 million total fiber locations by the end of 2030 as it accelerates the pace of fiber deployment.2Expanded fiber footprint increases AT&T's ability to offer fiber internet and wireless services together, positioning the Company to win the home as a trusted provider that can meet more customers' advanced connectivity needs.AT&T reiterates all 2026 and multi-year financial and operational guidance and capital return plans shared during its fourth-quarter 2025 earnings call.DALLAS, March 2, 2026 /PRNewswire/ -- Jeff McElfresh, Chief Operating Officer, AT&T (NYSE:T), will speak tomorrow at the Morgan Stanley Technology, Media & Telecom Conference where he will provide an update to shareholders.AT&T closed its transaction to acquire substantially all of Lumen's Mass Markets fiber business on February 2, sooner than originally anticipated
Now that the transaction is complete, AT&T expects to begin unlocking significant opportunities to expand the total addressable market for its advanced connectivity services.The transaction added more than 1 million fiber subscribers across more than 4 million fiber locations, expanding AT&T's industry-leading fiber home internet service to 32 states. This has created significant runway to increase current fiber penetration from roughly 25% in the acquired footprint to levels more consistent with AT&T Fiber penetration. Combined with its extensive wireless distribution in these geographies, AT&T further expects to grow its base of high-value converged customers that subscribe to both its advanced home internet and 5G wireless services.Including the acquired Lumen fiber locations, AT&T now reaches over 36 million total fiber locations, and the Company expects to reach over 40 million total fiber locations by the end of 2026, up from 32 million at the end of last year. Beyond 2026, AT&T expects to expand its fiber reach to approximately 5 million additional locations annually, putting the Company on track to reach over 60 million total fiber locations by the end of the decade.2 Fiber is a winning play for AT&T – the Company ranks #1 in brand love among consumers in its AT&T Fiber footprint.Through the combination of its advanced fiber and fixed wireless internet services, AT&T can now offer converged services to over half the country – positioning the Company to win the home as a trusted provider that can meet more customers' at-home and on-the-go connectivity needs. Converged customers are more likely to recommend AT&T, remain customers longer, and provide the best returns.AT&T remains on track to achieve its 2026 and multi-year financial guidance
AT&T reiterates all full-year 2026 and multi-year financial guidance and capital return plans provided with its fourth-quarter 2025 earnings report, including its outlook for improved growth in adjusted EBITDA and adjusted EPS and higher free cash flow through 2028, as well as plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases.AT&T expects that its net debt-to-adjusted EBITDA ratio will increase to approximately 3.2x following its transaction with EchoStar – which the Company expects to close in early 2026 – and to decline to approximately 3x by the end of 2026. AT&T continues to expect net leverage will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of this acquisition. The Company expects to maintain a consistent approach to capital returns while reducing net leverage to its target range.Conference details and more are available on the AT&T Investor Relations website
Tune in for the fireside chat with Jeff McElfresh at the Morgan Stanley Tech, Media & Telecom Conference, scheduled to begin at 10:00 a.m. ET. The webcast will be available live and for replay on the AT&T Investor Relations website.To automatically receive AT&T financial news by email, please subscribe to email alerts.1Based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025. Limited availability.
2"Reached locations" includes consumer and business locations (i) passed with fiber and (ii) served with fiber through commercial open-access providers.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at investors.att.com. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/jeff-mcelfresh-to-update-shareholders-at-morgan-stanley-technology-media--telecom-conference-on-march-3-302701473.htmlSOURCE AT&T

Original: Jeff McElfresh to Update Shareholders at Morgan Stanley Technology, Media & Telecom Conference on March 3

GSMA launches Open Telco AI to accelerate development of telco-grade AIMarch 2, 2026 2:00 AM
PR Newswire (US)

New initiative is supported by open-telco models, including a new family of models from AT&T, compute from AMD and TensorWave, datasets from researchers and a new portal for industry contribution and collaboration via GSMA.com/open-telco-aiBARCELONA, March 2, 2026 /PRNewswire/ -- GSMA today launched Open Telco AI, a global industry initiative designed to accelerate telco-grade AI through open collaboration across operators, vendors, AI developers and academic institutions. The launch introduces a new portal for telco open models, data, compute and tools to accelerate the development and evaluation of telco-focused AI models, accessed via GSMA.com/open-telco-ai. 







While frontier AI models have advanced rapidly, they continue to underperform on telecom specific tasks. Many general-purpose models struggle to interpret network data, understand standards documentation, or automate network operations with sufficient accuracy. This performance gap limits progress: only 16% of telecoms GenAI deployments1 have been applied to network operations.Open Telco AI meets this challenge by uniting industry and academic partners to build the foundations of telco-grade AI models, data, compute, benchmarks and community. Progress is tracked through the Telco Capability Index, which measures model performance across an expanding set of telecom-specific tasks.As founding supporters of Open Telco AI, AT&T and AMD are making significant contributions. AT&T is releasing a family of open telco-models developed and trained on open, publicly available data to be hardware and cloud-agnostic, demonstrating that AI can deliver value across projects of any size and with varying levels of compute resources. AMD is providing compute capacity for model training, fine-tuning, inference and evaluation through its GPU platforms, cloud partner TensorWave and open toolchains.The initiative is also supported by community programmes that bring together developers, researchers and operators to solve real-world telecom-AI problems. This includes competitions such as the AI Telco Troubleshooting Challenge which attracted over 1,000 registrations and will announce its winners at MWC26 Barcelona.Louis Powell, Director of AI Initiatives, GSMA, said: "Today's AI models still fall short of the complexity, precision and reliability the telecom industry demands. Put simply, AI does not yet speak telco and operators are often deploying technology that cannot meet the required levels of accuracy, safety or efficiency. Establishing clear benchmarks and collaborating across the industry on datasets, models and agentic systems is essential. Open Telco AI provides a shared foundation designed to close this gap, an approach that other regulated sectors such as finance and healthcare can follow." "Telco networks are among the most demanding and regulated environments for AI and moving from promising demos to telco-grade performance requires an open foundation for data, workloads and compute," said Philip Guido, executive vice president and chief commercial officer, AMD. "Through Open Telco AI, with GSMA and AT&T, AMD delivers the enterprise and AI compute needed to train, fine-tune and run open, telco-grade models efficiently from core to edge."Andy Markus, Chief Data and AI Officer at AT&T, said: "The telecom industry needs AI that understands the realities of networks – not only generic models repurposed for telco tasks. Through Open Telco AI, AT&T is helping build the datasets, models and evaluation frameworks that make telco-grade AI possible at scale. By contributing our expertise and shaping realistic test environments, we're demonstrating how generative and agentic AI can improve customer experience, reduce operational friction and ultimately create new value. This collaboration with GSMA is accelerating the industry's path toward intelligent, automated networks."Building the Open Foundations of Telco-Grade AIThe new portal will support the co-creation of the essential building blocks for telco-grade AI, including:Telco Models: High performance open weight models designed for telecom tasks, from network troubleshooting to standards interpretation, including modelsof multiple sizes and architectures from AT&T, a radio-frequency language model from Khalifa University called RFGPT and a Large Telco Model (LTM) from AdaptKey AI built on NVIDIA Nemotron.Open Data: A library of knowledge graphs, embeddings, and fine-tuning datasets of text, logs, and curated standards material from GSMA, Huawei Technologies France, Khalifa University, Mantis NLP, NetoAI, Pleias, Purdue University, The University of Texas at Dallas, University of Leeds and Yale University, and pipelines for generating synthetic data from NVIDIA.Compute: Access to compute and open toolchain for projects training and inferencing open models via AMD and TensorWave.Benchmarks: A leaderboard assessing model performance on seven telecom-specific benchmarks, along with tools for evaluating and submitting models from local environments.Community: Resources, challenges and engagement activities to encourage collaboration, including the AI Telco Troubleshooting Challenge and Agentic Challenge.The Open Telco AI initiative is supported by a host of valued contributing partners that have submitted data, models, and use cases including AMD, AT&T, Datumo, Huawei Technologies France, King Abdullah University of Science and Technology, KDDI, Khalifa University, KPN, LGU+, Mantis NLP, NetoAI, North Carolina State University, NVIDIA Orange, Ooredoo, Pleias, Purdue University, RelationalAI, SK Telecom, Softbank, Swisscom, TensorWave, Turkcell, University of Leeds, University of Texas at Dallas, and Yale University. Open Telco AI also has the support of valued participants partners including Adaptive ML, BMC, China Telecom, China Unicom, China Mobile, Deutsche Telekom, DU, e& UAE, Google Cloud, IBM, Liberty Global, Queens University, Telefónica and Vodafone.For more information, and to register interest, new partners can visit GSMA.com/open-telco-ai.[1] Source: GSMA Intelligence, Telco AI: State of the Market, Q4 2025, (published January 2026)About GSMAThe GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today's biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world's largest platform to convene the mobile ecosystem at the MWC and M360 series of events.We invite you to find out more at gsma.com About AMDAMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world's most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.About AT&TAT&T helps more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to its 5G wireless and multi-gig internet offerings today, @ATT innovates to improve lives. For more information about AT&T Inc. (NYSE:T), please visit about.att.com. Investors can learn more at investors.att.com.Logo - https://mma.prnewswire.com/media/1882833/5829656/GSMA_Logo.jpg



View original content to download multimedia:https://www.prnewswire.com/news-releases/gsma-launches-open-telco-ai-to-accelerate-development-of-telcograde-ai-302700723.htmlSOURCE GSMA

Original: GSMA launches Open Telco AI to accelerate development of telco-grade AI

AT&T to Release First-Quarter 2026 Earnings on April 22February 23, 2026 4:30 PM
PR Newswire (US)

DALLAS, Feb. 23, 2026 /PRNewswire/ -- AT&T will host a conference call on Wednesday, April 22, 2026, at 8:30 a.m. ET to discuss the results.Key Takeaways:AT&T will release its first-quarter 2026 results on April 22AT&T will webcast a conference call to discuss resultsAT&T (NYSE:T) will release its first-quarter 2026 results before the New York Stock Exchange opens on Wednesday, April 22, 2026. The company's earnings release and related materials will be available on the AT&T Investor Relations website.At 8:30 a.m. ET the same day, AT&T will host a conference call to discuss the results. A live webcast of the call will also be available on the AT&T Investor Relations website, and the webcast replay and transcript will be available following the call.To automatically receive AT&T financial news by email, please subscribe to email alerts.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-to-release-first-quarter-2026-earnings-on-april-22-302694934.htmlSOURCE AT&T

Original: AT&T to Release First-Quarter 2026 Earnings on April 22

AT&T Named America's Best and Fastest InternetFebruary 23, 2026 10:00 AM
PR Newswire (US)

DALLAS, Feb. 23, 2026 /PRNewswire/ --Key Takeaways:AT&T Fiber wins Ookla®'s first-ever "Best Home Internet" in the U.S. award.AT&T Fiber also has the fastest speeds in the U.S. for the fourth consecutive time.Nearly half of consumers are willing to switch for better, faster internet. These wins prove AT&T is the destination for what consumers want.What's the News: Today, AT&T Fiber received Ookla's first-ever Best Home Internet award in the U.S. New this year, the award is based on real-world customer experiences, factoring in key performance measures like speed, streaming, and browsing. In the same report, AT&T Fiber was also named America's Fastest Home Internet for the fourth consecutive time.1Why It Matters: These two wins cement AT&T's leadership in home internet. With 47% of consumers saying they'd switch providers for better, faster internet,2 these results highlight how we are setting the standard and delivering exactly what customers are looking for.Quotable: "Being recognized for the best and fastest home internet reinforces what we've been building for years – a superior network that customers can depend on," said Jenifer Robertson, executive vice president & GM, AT&T Mass Markets. "These wins solidify AT&T's leadership in seamless connectivity. When you pair that with the nation's largest wireless network, we're uniquely positioned to serve customers who want the simplicity and value of getting all of their connectivity from one trusted provider."More Details: With the Lumen deal now closed, AT&T Fiber will be available at more addresses than ever, so switching to the leader in home internet will be even easier. AT&T Fiber is already the nation's largest internet provider3 with service expanding to 32 states. With such a vast footprint, it's no surprise why a new customer chooses AT&T Fiber every 30 seconds.4 For customers who haven't switched yet, it's easy to see if AT&T Fiber is available where you live. Please visit att.com/fiber to check availability at your address and make the switch.1 Based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025. Limited availability.
2 Based on a Qualtrics panel survey of U.S. adult home-internet decision makers (switch intenders), March 2025.
3 Based on the number of fiber to the home households using publicly available data.
4 Based on publicly-available data of net consumer adds for major fiber providers over previous four quarters.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE: T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. AT&T and Globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-named-americas-best-and-fastest-internet-302693939.htmlSOURCE AT&T

Original: AT&T Named America's Best and Fastest Internet

AT&T Becomes the First and Only Carrier to Launch a Kid's Smartphone - Designed by Kids and ParentsFebruary 6, 2026 6:00 AM
PR Newswire (US)

Introducing the AT&T amiGO™ Jr. Phone, a simple smartphone solution to help keep parents connected and kids protected DALLAS, Feb. 6, 2026 /PRNewswire/ --Key Takeaways: AT&T is the first and only carrier to launch a smartphone made for kids, providing more choice and control for parents as they navigate the complex digital world for their kids.For 60% of parents with kids up to the age of 12, a smartphone is considered a safety essential. When the time comes to purchase a child's first smartphone, the majority favor the simplicity of staying with their own wireless provider. We are meeting that customer demand, with the AT&T amiGO™ Jr. Phone.70 % of parents want their kids to have access to a smartphone for safety benefits – including access to calling in an emergency and real time location tracking – the AT&T amiGO™ Jr. Phone meets these needs and more.What's the news: Today, we launched the AT&T amiGO™ Jr. Phone – a simple and safe smartphone designed to keep parents connected and kids protected. AT&T is the first and only wireless provider to deliver a kid-friendly smartphone to give parents more choice and control when they decide to make the big decision to give their kids a smartphone device. Why it matters: AT&T is customer obsessed and with 40% of our current customers as parents, we are focused on providing them with what the need to navigate a complex digital world that starts earlier than ever with their children. While phones are essential for staying connected – most devices were not designed with kids in mind – that is, until the AT&T amiGO™ Jr. Phone. Now, we are giving parents more choices as they consider device options for their kid's first smartphone.Quotable: "Putting customers at the center of our business means anticipating what comes next – not just responding to what already exists. As smartphones become a daily necessity, parents have made it clear they need better tools to help their children navigate the digital world safely," said Erin Scarborough, SVP, Revenue Management & Commercialization, AT&T. "We listened. We worked with kids and parents to design the AT&T amiGO™ Jr. Phone to give parents peace of mind and kid friendly options for today's digital world."More details: The amiGOTM Jr. Phone was built in collaboration with Samsung, leveraging their expertise in hardware and combining our technology with a focus on giving parents safety features they can trust. With the free AT&T amiGO app, parents can easily manage screentime, apps and settings right from their own iOS or Android phone, with features like location sharing, Safe Zones, and Schedules to limit distractions during school hours.  Beginning today, we are also launching the AT&T amiGO® Jr. Watch 2: The 2nd-gen watch is more durable to hold up on adventures, comes with native messaging, games, and rewards!  New and existing customers can purchase the AT&T amiGO™ Jr. Phone and amiGO® Jr. Watch 2 through att.com, myAT&T app and AT&T retail stores – both $2.99 per month with no trade-in required1.For more information on AT&T amiGO Jr. products, please visit: https://www.att.com/wireless/amigo-family/1When you buy on installment plan with eligible AT&T wireless service plan for each device. Price after credits for 36 mos. Req's 0% APR 36-mo. agmt. Well-qualified customers. Watch 2 requires new line and compatible smartphone with qualifying wireless plan. Credits start within 3 bills. If svc cancelled, device balance due. For new lines, if svc. on other lines cancelled w/in 90 days credits stop. $35 Activ. per line, add'l fees, taxes, & restr's apply. Subject to change.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140 plus years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-becomes-the-first-and-only-carrier-to-launch-a-kids-smartphone--designed-by-kids-and-parents-302681239.htmlSOURCE AT&T

Original: AT&T Becomes the First and Only Carrier to Launch a Kid's Smartphone - Designed by Kids and Parents

AT&T, ActiveProtective and JACS Collaborate to Enhance Senior Safety with New Tango Belt Connectivity DeviceFebruary 2, 2026 1:37 PM
PR Newswire (US)

DALLAS and CONSHOHOCKEN, Pa., Feb. 2, 2026 /PRNewswire/ -- AT&T, ActiveProtective®, and JACS Solutions are working together to enhance safety and peace of mind for at-risk older adults and their caregivers. This collaboration introduces the Connectivity Device, an accessory for the Tango Belt, a wearable medical device designed to monitor motion and deploy an inflatable airbag during potential hip-impacting falls.







The Connectivity Device is packaged with the Tango Belt and supports:Reliable wireless broadband communication for data transmissionAutomatic caregiver notifications upon detection of a fallSecure electronic transfer of data without requiring Wi-FiTo support this responsive device, AT&T's Connected Healthcare team developed and deployed secure, connected assets that enable real-time digital monitoring and collaboration between patients and clinicians. The Connectivity Device by JACS—a compact, reliable LTE connectivity module integrates seamlessly with the Tango Belt. The JACS TD0301TAA, a powerful network connector, ensures uninterrupted data transmission and timely caregiver notifications, even when the Wi-Fi access is unstable or unavailable."Knowing your loved one is safe at home gives one peace of mind. AT&T's Connected Healthcare is committed to delivering tailored solutions that help our customers exceed expectations," said Lee Wagner, AVP of Connected Solutions at AT&T. "By fostering strong relationships with experts in this field and maintaining a commitment to reliability and security, AT&T connectivity enhances patient care through innovative connected solutions."AT&T's strong network allows the Tango Belt to operate seamlessly within range, transmitting critical information to caregivers. By utilizing their infrastructure, we are empowering caregivers with the tools they need to provide timely and effective interventions, ultimately enhancing the quality of life for at-risk older adults."This mission is personal for us because we have seen the impact of hip fractures firsthand," said Wamis Singhatat, CEO of ActiveProtective. "Collaborating with AT&T's secure network and JACS' connectivity solutions enables the Tango Belt to stay connected across a wide range of settings – so older adults can age with dignity and freedom.""JACS Solutions is honored to work with AT&T and ActiveProtective to provide a reliable, potentially life-saving broadband connectivity solution for healthcare providers" said Dr. Chang Gang Zhang, Vice President of Technology for JACS Solutions. "Together, we are redefining how connected health technologies support independence for vulnerable populations. The strength of this collaboration enables us to elevate and deliver a higher standard of care for better patient outcomes.The Tango Belt is now available for senior living communities seeking reliable Wi-Fi-independent connectivity for fall detection notification and caregiver communication. ActiveProtective is seeking interested senior living owner/operators, healthcare systems and providers, particularly those in Value-Based Care models that proactively "screen and intervene" to mitigate risk and avoid costly episodes of care. Orders include access to personalized onboarding and support to ensure every wearer gets the most from their device.For more information, visit tangobelt.com.About ActiveProtectiveActive Protective Technologies Inc. (APT) is a medical device company developing connected health products that enable older adults to safely age in place. APT's mission is to redefine the standard of care for mitigating fall injuries in at-risk older adults, and its initial focus is on hip fractures, a leading cause of disability and death. The company's clinically proven device, the Tango Belt, reduces the risk of major hip injuries due to falls, allowing older adults to achieve safer mobility and maintain independence. For more information visit?www.TangoBelt.com.Prior to use, please refer to the instructions for use supplied with the device for indications, contraindications, warnings and precautions© ActiveProtective 2025. All rights reserved.About AT&TWe help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit?us at about.att.com. Investors can learn more at investors.att.com.About JACS Solutions
JACS Solutions is a U.S.-based technology company specializing in customized connected hardware and IoT platforms that power secure enterprise and healthcare ecosystems. With expertise in rugged devices, cellular connectivity, and managed solutions, JACS enables partners like AT&T and ActiveProtective to bring reliable, scalable innovations to market.For more information, visit jacs-solutions.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/att-activeprotective-and-jacs-collaborate-to-enhance-senior-safety-with-new-tango-belt-connectivity-device-302676629.htmlSOURCE JACS Solutions

Original: AT&T, ActiveProtective and JACS Collaborate to Enhance Senior Safety with New Tango Belt Connectivity Device

America's Best and Largest Network Just Got Larger: AT&T Completes Acquisition of Lumen's Mass Markets Fiber BusinessFebruary 2, 2026 6:31 AM
PR Newswire (US)

DALLAS, Feb. 2, 2026 /PRNewswire/ -- Deal extends AT&T's industry-leading, award-winning fiber home internet service to 32 states, bringing millions of Americans the simple, seamless and trusted experience they can depend on, with the best Internet technology available today.  Key Takeaways:AT&T has purchased substantially all of Lumen's Mass Markets fiber business, bringing millions more Americans the simple, seamless and trusted experience they can depend on, with the best Internet technology available today.Through this acquisition, more than 1 million fiber subscribers across more than 4 million fiber locations in new major metro areas like Denver, Seattle, and Salt Lake City, are now new AT&T customers.This gives more people access to AT&T's fiber network which is trusted by millions and backed by award-winning customer satisfaction.AT&T (NYSE: T) has closed its previously announced transaction to acquire substantially all of Lumen's (NYSE: LUMN) Mass Markets fiber business for $5.75 billion in an all-cash transaction, subject to customary adjustments."America's largest network is the best positioned in our industry to serve even more consumers – both in the home and on the go," said John Stankey, Chairman and CEO of AT&T. "AT&T Fiber – America's best and top-rated technology for getting on the internet – will be available to millions more people as we expand the service in 32 states. This investment will create good-paying jobs, boost U.S. connectivity and bring the benefits of high-speed connections to more communities across the country."This deal advances AT&T's position to win with the best assets in the industry – extending the Company's lead against competitors, continuing to meet customers where they are and delivering more value to shareholders. Highlights include:Adding more than 1 million fiber subscribers to AT&T's total customer count, with the opportunity to significantly grow the number of AT&T Fiber customers over time. Using its extensive distribution, the strengths of AT&T Fiber, and the value of the AT&T Guarantee, the Company expects to increase current fiber penetration of roughly 25% within the acquired footprint to levels more consistent with its AT&T Fiber penetration.Increasing the scale of AT&T's fiber network as the Company acquires more than 4 million customer locations across 11 states. AT&T also gains access to Lumen's substantial fiber construction capabilities in these states, accelerating an efficient build engine for constructing fiber home internet connectivity outside of AT&T's traditional wireline operating region. As a result, AT&T expects to accelerate the pace at which fiber is being built in these territories, supporting the Company's plans to reach more than 60 million total fiber locations by the end of 2030.1 This gives more people access to AT&T's fiber network which is trusted by millions and backed by award-winning customer satisfaction.Giving more American consumers more choice to purchase fiber and 5G services the way they prefer – from one trusted provider. AT&T expects that its ability to offer fiber broadband and 5G wireless connectivity together will enable it to grow its base of high-value converged customer relationships within the acquired footprint. Customers with both AT&T Fiber and the Company's wireless services are more likely to recommend AT&T, remain customers longer and provide the best returns – giving AT&T a position unlike anyone else in the industry.AT&T reiterates all of the financial guidance it provided with its fourth quarter 2025 earnings report, which anticipated an early 2026 closing of this transaction with Lumen.To automatically receive AT&T financial news by email, please subscribe to email alerts. 1Locations reached with fiber include consumer and business locations: (i) passed with fiber, and (ii) served with fiber through commercial open-access providers.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE: T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/americas-best-and-largest-network-just-got-larger-att-completes-acquisition-of-lumens-mass-markets-fiber-business-302676205.htmlSOURCE AT&T

Original: America's Best and Largest Network Just Got Larger: AT&T Completes Acquisition of Lumen's Mass Markets Fiber Business

AT&T Beats Q4 Profit Estimates, Shares AdvanceJanuary 28, 2026 3:04 PM
IH Market News
AT&T (NYSE:T) shares edged higher in premarket U.S. trading on Wednesday after the telecoms group reported fourth-quarter results that topped profit expectations and outlined an upbeat outlook for the year ahead.Recent strategic deals have underpinned AT&T’s push to strengthen its network infrastructure, including a $6 billion acquisition of Lumen’s consumer fiber assets and a $23 billion purchase of spectrum licenses from EchoStar. Management believes these moves will enhance broadband speeds and mobile coverage, helping the company compete more effectively as demand for reliable connectivity grows alongside remote and hybrid working trends.In parallel, AT&T has continued to promote bundled offerings that combine wireless and fiber broadband services at discounted rates, a strategy it sees as key to retaining and attracting customers in a crowded market.From the first quarter, AT&T will begin reporting results across three operating segments. These will include a core division covering domestic 5G and fiber services, which accounted for the majority of 2025 revenue, alongside segments for voice and data services and for Latin America.Looking ahead, the company said it expects free cash flow of at least $18 billion in fiscal 2026, rising to around $21 billion by 2028—comfortably above Wall Street forecasts. Adjusted earnings for the current year are projected to range between $2.25 and $2.35 per share, compared with Bloomberg consensus estimates of $2.23.For the fourth quarter, AT&T delivered adjusted earnings per share of $0.52, beating expectations of $0.46, despite adding slightly fewer net monthly bill-paying wireless subscribers than analysts had anticipated. Revenue increased 3.7% year on year to $33.5 billion, also exceeding forecasts of $32.83 billion.The company’s stronger-than-expected profit guidance reflects confidence that its recent investments will support cash generation and earnings growth as it continues to expand its fiber and 5G capabilities.AT&T stock price

Original: AT&T Beats Q4 Profit Estimates, Shares Advance

AT&T Reports Strong Fourth-Quarter and Full-Year 2025 Financial Performance Driven by Growth in Converged Fiber and 5G CustomersJanuary 28, 2026 11:32 AM
PR Newswire (US)

Company met or exceeded all 2025 consolidated financial guidance and provides long-term outlook for improved growth in Adjusted EBITDA* and Adjusted EPS* and higher free cash flow* through 2028Company returned over $12 billion to shareholders in 2025 through dividends and share repurchases and expects to return an additional $45 billion+ from 2026-2028 Consistent execution of customer-centric, investment-led strategy delivered increased convergence rate, leading to growth in profitability and industry-best customer satisfaction for subscribers with both wireless and internet connectivity1DALLAS, Jan. 28, 2026 /PRNewswire/ -- AT&T Inc. (NYSE: T) reported strong fourth-quarter and full-year results that met, or exceeded, all 2025 consolidated financial guidance as it delivered its best year for consumer broadband subscriber growth in a decade. More customers are increasingly choosing AT&T as their one trusted provider for all of their connectivity needs – driving the fastest annual increase in its convergence rate with 42%2 of AT&T Fiber households also choosing AT&T for wireless. In 2025, in areas where AT&T offers converged services, it ranked #1 across customer satisfaction scores with consumers and small businesses in both wireless and internet connectivity.1 This solid momentum demonstrates the sustained success of the Company's investment-led, customer-centric strategy."We achieved or surpassed all of our consolidated full-year guidance for 2025," said John Stankey, AT&T Chairman and CEO. "With new investments in spectrum and fiber, we're set to win more customers in more categories and geographies across the U.S. Backed by the best assets in the industry, we are accelerating our strategy to deliver improved growth, the best customer experience and enhanced returns for shareholders over the next three years."Fourth-Quarter Consolidated Results Revenues of $33.5 billionDiluted EPS of $0.53, versus $0.56 in the year-ago quarter; adjusted EPS* of $0.52, versus $0.43 in the year-ago quarterOperating income of $5.8 billion; adjusted operating income* of $6.1 billionNet income of $4.2 billion; adjusted EBITDA* of $11.2 billionCash from operating activities of $11.3 billion, versus $11.9 billion in the year-ago quarterCapital expenditures of $6.8 billion; capital investment* of $7.1 billionFree cash flow* of $4.2 billion, versus $4.0 billion in the year-ago quarterFourth-Quarter Highlights 421,000 postpaid phone net adds with postpaid phone churn of 0.98%Mobility service revenues of $17.0 billion, up 2.4% year over year283,000 AT&T Fiber net adds and 221,000 AT&T Internet Air net adds, representing more than half a million combined advanced home internet net additions for the second consecutive quarterConsumer Wireline fiber revenues of $2.2 billion, up 13.6% year over yearFull-Year Consolidated ResultsRevenues of $125.6 billionDiluted EPS of $3.04, versus $1.49 a year ago; adjusted EPS* of $2.12 versus $1.95 a year agoOperating income of $24.2 billion; adjusted operating income* of $25.5 billionNet income of $23.4 billion; adjusted EBITDA* of $46.4 billionCash from operating activities of $40.3 billion, versus $38.8 billion a year agoCapital expenditures of $20.8 billion; capital investment* of $22.0 billionFree cash flow* of $16.6 billion, versus $15.3 billion in 2024Full-Year HighlightsMore than 1.5 million postpaid phone net adds for fifth straight yearMobility service revenues of $67.4 billion, up 3.1% year over yearMore than 1 million AT&T Fiber net adds for eighth consecutive year, and 875,000 AT&T Internet Air net addsConsumer Wireline fiber revenues of $8.6 billion, up 17.0% year over yearRepurchased approximately $4.3 billion in common shares under the 2024 authorization32.0 million consumer and business locations passed with fiberNew Segment ReportingBeginning with the Company's first-quarter 2026 results, AT&T plans to revise its operating segments to reflect the evolution of its business model to focus on delivering converged advanced connectivity services across 5G and fiber to consumer and business customers. Accordingly, the Company's planned new reportable segments are:Advanced Connectivity, which represents results primarily from the Company's domestic 5G and fiber based wireless, internet and other advanced connectivity services, on a recast basis contributed approximately 90% of consolidated revenues in 2025. Results for this segment will be provided in aggregate with supplemental disclosures for performance of the Company's consumer and business relationships.Legacy, which represents results from the Company's domestic legacy voice and data services provided over its copper-based network to consumer and business customers. These results include revenues derived from copper-based services and direct operating costs.Latin America, which will continue to represent results for the Company's wireless business in Mexico.To assist investors and analysts with this planned transition to the new segment reporting structure, the Company has provided a recast of its historical quarterly and annual results for 2023 through 2025 for these segments in its Form 8-K dated January 28, 2026, and additional information is available at investors.att.com.Long-Term Outlook As a result of the Company's investments in 5G and fiber, including its previously announced acquisitions that are expected to close in early 2026 of substantially all of Lumen's Mass Markets fiber business and wireless spectrum licenses from EchoStar, AT&T expects to achieve improved growth in adjusted EBITDA* and adjusted EPS* and higher free cash flow* through 2028. The Company's long-term outlook for 2026-2028 includes:Service revenue growth in the low-single-digit range annually.Adjusted EBITDA* growth in the 3% to 4% range in 2026, improving to 5% or better in 2028 as growth in Advanced Connectivity increasingly more than offsets declines in Legacy.Adjusted EPS* of $2.25 to $2.35 in 2026 with a double-digit 3-year CAGR through 2028.The Company's outlook for adjusted EPS* anticipates that its acquisitions mentioned above will be modestly dilutive to adjusted EPS* in 2026-2027 and accretive beginning in 2028.Capital investment* in the $23 billion to $24 billion range annually during 2026-2028.Free cash flow* of $18 billion+ in 2026, $19 billion+ in 2027, and $21 billion+ in 2028.The Company's free cash flow* outlook anticipates annual cash taxes of $1.0 billion to $1.5 billion and cash contributions to its employee pension plan of approximately $350 million in 2026, with no significant additional cash contributions expected until 2030.The Company's outlook for cash taxes reflects further assessment of its expected savings due to tax provisions in the One Big Beautiful Bill Act, as compared to the outlook it provided in its second-quarter 2025 earnings release. Management expects to use incremental tax savings to fund working capital and growth initiatives.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.The Company's consolidated financial outlook assumes sustained declines in service revenues within its Legacy segment as it makes progress against its objective of powering-down its energy-intensive copper-based network across the large majority of its footprint by the end of 2029 and upgrading customers to advanced connectivity services powered by 5G and fiber. AT&T expects Legacy service revenue to decline 20%+ in 2026 and to be immaterial by the end of 2029 with negative EBITDA* from this segment expected after 2027 until it has substantially eliminated direct costs associated with operating its copper-based network.3Upon closing of the Lumen transaction, AT&T will hold the acquired fiber network assets, including certain fiber network build capabilities, in a wholly owned subsidiary. The Company plans to sell partial ownership in this subsidiary to an equity partner that will co-invest in the ongoing business. Beginning with the closing of the Lumen transaction, AT&T expects to report this business as held-for-sale and discontinued operations, with the results of operations and direct cash flows excluded from the Company's continuing operations. After closing the anticipated sale of partial ownership to an equity partner, AT&T's share of the equity income (loss) of this subsidiary will be included in adjusted EPS* from continuing operations. The Company's long-term outlook provided above is presented on a continuing operations basis and excludes discontinued operations.Long-Term Capital Allocation PlanAT&T expects to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases. Under this capital return plan, the Company expects to maintain its current annualized common stock dividend of $1.11 per share. Management also expects to complete share repurchases under its current $10 billion authorization before the end of 2026 and to commence repurchases under a subsequent $10 billion authorization that has been approved by the Company's Board of Directors. The Company expects to repurchase approximately $8 billion of common stock during 2026 under these authorizations and to maintain a consistent pace of share repurchases through 2028, pending additional Board authorization.AT&T expects its net debt-to-adjusted EBITDA ratio* to increase to approximately 3.2x following its transactions with Lumen and EchoStar and to decline to approximately 3x by the end of 2026. AT&T continues to expect net leverage will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of these acquisitions. The Company expects to maintain a consistent approach to capital returns while reducing net leverage to its target range.Note: AT&T's fourth-quarter and full-year 2025 earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, January 28, 2026. The webcast and related materials, including financial highlights, will be available at investors.att.com.Consolidated Financial ResultsRevenues for the fourth quarter totaled $33.5 billion, versus $32.3 billion in the year-ago quarter, up 3.6%. This was due to higher Mobility, Consumer Wireline, and Mexico revenues, partially offset by a decline in Business Wireline.Operating expenses were $27.7 billion, versus $27.0 billion in the year-ago quarter. Operating expenses increased primarily due to higher sales volumes in the Company's Mobility business unit, which drove higher equipment, advertising, selling, and bad debt expenses. Also contributing to higher costs were higher restructuring charges that were offset by benefits of continued transformation initiatives and lower content licensing fees. Operating expense declines also included lower depreciation expense as certain legacy assets were fully depreciated, partially offset by continued fiber investment and network upgrades.Operating income was $5.8 billion, versus $5.3 billion in the year-ago quarter. When adjusting for certain items, adjusted operating income* was $6.1 billion, versus $5.4 billion in the year-ago quarter.Equity in net income (loss) of affiliates declined $1.1 billion versus the year-ago quarter, reflecting the completed sale of the DIRECTV investment in the third-quarter 2025.Net income was $4.2 billion, versus $4.4 billion in the year-ago quarter.Net income (loss) attributable to common stock was $3.8 billion, versus $4.0 billion in the year-ago quarter. Earnings per diluted common share was $0.53, versus $0.56 in the year-ago quarter. Adjusting for $(0.01) which removes a benefit from tax items, and excludes an actuarial loss on benefit plans, restructuring costs, and other items, adjusted earnings per diluted common share* was $0.52, versus $0.43 in the year-ago quarter.Adjusted EBITDA* was $11.2 billion, versus $10.8 billion in the year-ago quarter.Cash from operating activities was $11.3 billion, versus $11.9 billion in the year-ago quarter. Operational growth and lower cash tax payments in the quarter were more than offset by lower distributions from DIRECTV, a voluntary pension plan contribution of $750 million, and cash payments for apportioned legal settlements. The voluntary pension plan contribution included a pull-forward of $350 million that the Company previously planned to contribute in 2026, which was offset by lower than anticipated cash tax payments as a result of recent tax legislation.Capital expenditures were $6.8 billion, consistent with the year-ago quarter. Capital investment* totaled $7.1 billion, consistent with the year-ago quarter. Cash payments for vendor financing totaled $0.4 billion, versus $0.2 billion in the year-ago quarter.Free cash flow,* which excludes cash flows from DIRECTV, was $4.2 billion, versus $4.0 billion in the year-ago quarter.Full-Year Financial Results Revenues for the full year totaled $125.6 billion, versus $122.3 billion in 2024, up 2.7%. This was due to higher Mobility, Consumer Wireline and Mexico revenues, partially offset by a decline in Business Wireline.Operating expenses for the full year were $101.5 billion, versus $103.3 billion in 2024. Operating expenses decreased primarily due to a $4.4 billion non-cash goodwill impairment in the prior year, lower costs from continued transformation initiatives, and lower content licensing fees. These decreases were partially offset by higher sales volumes in the Company's Mobility business unit, which drove higher equipment, advertising, selling, and bad debt expenses. Also contributing to higher costs were apportioned legal settlements during 2025, higher restructuring charges, higher network-related expenses, higher advertising costs associated with a new campaign in 2025, and increased depreciation expense from continued fiber investment and network upgrades.Operating income for the full year was $24.2 billion, versus $19.0 billion in 2024. When adjusting for certain items, adjusted operating income* was $25.5 billion, versus $24.2 billion last year.Equity in net income of affiliates for the full year was $1.9 billion, versus $2.0 billion in 2024, reflecting cash distributions received by AT&T, prior to the sale of the DIRECTV investment, in excess of the carrying amount of the Company's investment.Net income for the full year was $23.4 billion, including a $5.6 billion gain on the sale of the DIRECTV investment, versus $12.3 billion in 2024, which included a $4.4 billion non-cash goodwill impairment.Net income attributable to common stock for the full year was $21.9 billion, versus $10.7 billion a year ago. Earnings per diluted common share was $3.04, versus $1.49 a year ago. Adjusting for $(0.92) which removes a gain on the sale of the DIRECTV investment and equity in net income of DIRECTV, and excludes other items, adjusted earnings per diluted common share* was $2.12, versus $1.95 last year.Adjusted EBITDA* for the full year was $46.4 billion, versus $44.8 billion a year ago.Cash from operating activities for the full year was $40.3 billion, versus $38.8 billion a year ago. Operational growth and lower cash tax payments for the year were partially offset by voluntary pension plan contributions of $1.15 billion, advanced cash payments for wholesale access which can be utilized on invoices over future periods, and cash payments for apportioned legal settlements.Capital expenditures for the full year were $20.8 billion, versus $20.3 billion a year ago. Capital investment* totaled $22.0 billion for the full year, relatively consistent with $22.1 billion a year ago. Cash payments for vendor financing totaled $1.2 billion, versus $1.8 billion in 2024.Free cash flow,* which excludes cash flows from DIRECTV, was $16.6 billion for the full year compared to $15.3 billion a year ago.Total debt was $136.1 billion at the end of the fourth-quarter 2025, and net debt* was $117.4 billion.Segment and Business Unit ResultsCommunications segment revenues were $32.1 billion, up 3.2% year over year, with operating income of $6.8 billion, up 9.5% year over year.Communications Segment
Dollars in millionsFourth Quarter
Percent Unaudited2025
2024
Change






Operating Revenues$   32,121
$   31,139
3.2%Operating Income6,775
6,189
9.5%Operating Income Margin21.1%19.9%120BPMobility service revenues grew 2.4% year over year, driving growth in operating income of 4.5% and EBITDA* of 3.1%. Operating income margin declined 20 basis points year over year, with EBITDA* service margin improving by 30 basis points year over year.Mobility
Dollars in millions; Subscribers in thousandsFourth Quarter
Percent Unaudited2025
2024
Change






Operating Revenues$    24,354
$    23,129
5.3% Service16,954
16,563
2.4% Equipment7,400
6,566
12.7%Operating Expenses17,954
17,005
5.6%Operating Income6,400
6,124
4.5%Operating Income Margin26.3%26.5%(20)BPEBITDA*$      9,163
$      8,888
3.1%EBITDA Margin*37.6%38.4%(80)BPEBITDA Service Margin*54.0%53.7%30BPTotal Wireless Net Adds41,157
1,813


Postpaid641
839


Postpaid Phone421
482


Postpaid Other220
357


Prepaid Phone(255)
(119)


Postpaid Churn1.12%1.00%12BPPostpaid Phone Churn0.98%0.85%13BPPrepaid Churn2.89%2.73%16BPPostpaid Phone ARPU$      56.57
$      56.72
(0.3)%Mobility revenues were up 5.3% year over year, driven by service revenue growth of 2.4% and equipment revenue growth of 12.7% from higher wireless device sales volumes. Operating expenses were up 5.6% year over year, driven by higher sales volumes, which drove higher equipment, advertising, selling, and bad debt expenses. These increases were partially offset by lower content licensing fees and expense declines from transformation initiatives. Operating income was $6.4 billion, up 4.5% year over year. EBITDA* was $9.2 billion, up $275 million year over year.Business Wireline revenues declined year over year, driven by continued secular pressures on legacy and other transitional services, which were partially offset by accelerated growth in fiber and advanced connectivity services.Business Wireline
Dollars in millionsFourth Quarter
Percent Unaudited2025
2024
Change






Operating Revenues$   4,202
$   4,545
(7.5)%Operating Expenses4,365
4,756
(8.2)%Operating Income/(Loss)(163)
(211)
22.7%Operating Income Margin(3.9)%(4.6)%70BPEBITDA*$   1,117
$   1,197
(6.7)%EBITDA Margin*26.6%26.3%30 BPBusiness Wireline revenues were down 7.5% year over year due to continued declines in legacy and other transitional services of 17.5%, partially offset by 6.8% growth in fiber and advanced connectivity services. Operating expenses were down 8.2% year over year due to lower personnel costs and savings from transformation initiatives, and lower network costs. Depreciation expense was lower year over year as certain legacy assets were fully depreciated, partially offset by ongoing capital investment for strategic initiatives, such as fiber. Operating income was $(163) million, versus $(211) million in the year-ago quarter, and EBITDA* was $1.1 billion, down $80 million year over year.Consumer Wireline delivered strong year-over-year broadband revenue growth, driven by a 13.6% increase in fiber revenue. Consumer Wireline also achieved positive broadband net adds for the tenth consecutive quarter, driven by 283,000 AT&T Fiber net adds and 221,000 AT&T Internet Air net adds.Consumer Wireline
Dollars in millions; Subscribers in thousandsFourth Quarter
Percent Unaudited2025
2024
Change






Operating Revenues$   3,565
$   3,465
2.9%Operating Expenses3,027
3,189
(5.1)%Operating Income538
276
94.9%Operating Income Margin15.1%8.0%710BPEBITDA*$   1,370
$   1,218
12.5%EBITDA Margin*38.4%35.2%320BPBroadband Net Adds210
123


Fiber283
307


Non Fiber(73)
(184)


AT&T Internet Air221
157


Broadband ARPU$   70.89
$   69.69
1.7%Fiber ARPU$   72.87
$   71.71
1.6%Consumer Wireline revenues were up 2.9% year over year, driven by broadband revenue growth of 6.7% due to fiber revenue growth of 13.6%, partially offset by declines in legacy voice and data services and other services. Operating expenses were down 5.1% year over year due to lower depreciation expense, as certain legacy assets were fully depreciated, partially offset by ongoing capital investment for strategic initiatives, such as fiber and network upgrades and expansion. Expenses also decreased from lower content licensing fees and customer support costs. These decreases were partially offset by higher network costs. Operating income was $538 million, versus $276 million in the year-ago quarter, and EBITDA* was $1.4 billion, up $152 million year over year.Latin America profitability continues to improve with full-year growth in operating income of more than $100 million.Latin America SegmentDollars in millions; Subscribers in thousandsFourth QuarterPercent Unaudited20252024Change



Operating Revenues$   1,259$   1,04420.6 % Service74263417.0 % Equipment51741026.1 %Operating Expenses1,2251,02319.7 %Operating Income/(Loss)342161.9 %EBITDA*$      223$      17130.4 %Total Wireless Net Adds531665
Postpaid328204
Prepaid222490
Reseller(19)(29)
Latin America segment revenues were up 20.6% year over year, driven by increased equipment sales and growth in subscribers and ARPU, as well as the favorable impacts of foreign exchange. Operating expenses were up 19.7% due to the unfavorable impacts of foreign exchange rates, higher equipment and bad debt expense due to subscriber growth, and higher depreciation expense. Operating income was $34 million compared to $21 million in the year-ago quarter. EBITDA* was $223 million compared to $171 million in the year-ago quarter.
* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the "Non-GAAP Measures and Reconciliations to GAAP Measures" section of the release and at investors.att.com.1 Customer satisfaction scores include brand love and net promoter score (NPS). Brand love and consumer NPS scores are based on AT&T's fiber footprint. Internet services for consumers means AT&T Fiber. For businesses, includes all AT&T internet technologies, nationwide.2 AT&T Fiber connections with AT&T Mobility is defined as AT&T Fiber connections that are also primary Mobility account holders that subscribe to consumer postpaid phone service. AT&T refers to these customers as converged customers. Convergence rate represents the ratio of converged customers to AT&T Fiber connections. 4Q25 convergence metrics are presented based on available information and are subject to revision.3 The strategy to remove legacy fixed costs across a geography is tied to the decommissioning of infrastructure after all customers have been upgraded to newer services. Gaining approval of California regulators could delay this decommissioning beyond 2029.4 Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity during the period.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.Non-GAAP Measures and Reconciliations to GAAP Measures
Schedules and reconciliations of non-GAAP financial measures cited in this document to the most comparable financial measures under generally accepted accounting principles (GAAP) can be found at investors.att.com and in our Form 8-K dated January 28, 2026. Adjusted diluted EPS, adjusted operating income, EBITDA, adjusted EBITDA, free cash flow, and net debt are non-GAAP financial measures frequently used by investors and credit rating agencies. Prior periods for free cash flow and adjusted diluted EPS have been recast to conform to the current period presentation to remove cash flows and equity in net income from our investment in DIRECTV.Adjusted diluted EPS is calculated by excluding from operating revenues, operating expenses, other income (expenses) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Non-operational items arising from asset acquisitions and dispositions include the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate; in these cases, we use the actual tax expense or combined marginal rate of approximately 25%.For 4Q25, adjusted EPS of $0.52 is diluted EPS of $0.53 adjusted to remove $0.08 benefit from tax items, $0.02 benefit-related, transaction, legal and other items, and $0.01 gain on sale of DIRECTV, plus $0.06 actuarial loss on benefit plans and $0.04 restructuring. For 4Q24, adjusted EPS of $0.43 is diluted EPS of $0.56, adjusted to remove $0.12 equity in net income of DIRECTV and $0.03 benefit from tax items, plus $0.01 actuarial loss on benefit plans, and $0.01 benefit-related, transaction, legal and other costs. For 2025, adjusted EPS of $2.12 is diluted EPS of $3.04 adjusted to remove $0.80 gain on the sale of the DIRECTV investment and $0.21 equity in net income of DIRECTV, and $0.08 benefit from tax items, plus $0.09 restructuring, $0.06 actuarial loss on benefit plans, and $0.02 of benefit-related, transaction, legal, and other costs. For 2024, adjusted EPS of $1.95 is diluted EPS of $1.49 adjusted for $0.72 restructuring and impairments and $0.01 actuarial loss on benefit plans, minus $0.22 equity in net income of DIRECTV, $0.03 benefit from tax items, and $0.02 of benefit-related, transaction and other costs. Transaction, legal and other costs include certain legal reserves and settlements that cover extended historical periods and/or are unpredictable in both magnitude and timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of expected insurance recoveries and are primarily associated with legacy legal matters and the expected resolution of certain litigation associated with cyberattacks disclosed in 2024. The year ended December 31, 2025 also includes approximately $440 million of apportioned property and casualty settlements.The Company expects adjustments to 2026 reported diluted EPS to include acquisition-related amortization, a non-cash mark-to-market benefit plan gain/loss and other items. The Company expects the mark-to-market adjustment, which is driven by interest rates and investment returns that are not reasonably estimable at this time, to be a significant item. AT&T's projected 2026-2028 adjusted EPS depends on future levels of revenues and expenses, most of which are not reasonably estimable at this time. Accordingly, the Company cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort.Adjusted operating income is operating income adjusted for revenues and costs the Company considers non-operational in nature, including items arising from asset acquisitions or dispositions. For 4Q25, adjusted operating income of $6.1 billion is calculated as operating income of $5.8 billion, plus $330 million of adjustments. For 4Q24, adjusted operating income of $5.4 billion is calculated as operating income of $5.3 billion plus $101 million of adjustments. For 2025, adjusted operating income of $25.5 billion is calculated as operating income of $24.2 billion plus $1.4 billion of adjustments, which include the transaction, legal, and other operating costs discussed above under Adjusted diluted EPS. For 2024, adjusted operating income of $24.2 billion is calculated as operating income of $19.0 billion plus $5.2 billion of adjustments. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated January 28, 2026.EBITDA is net income plus income tax, interest, and depreciation and amortization expenses minus equity in net income of affiliates and other income (expense) – net. Adjusted EBITDA is calculated by excluding from EBITDA certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, significant abandonments and impairments, benefit-related gains and losses, employee separation, and other material gains and losses.For 4Q25, adjusted EBITDA of $11.2 billion is calculated as net income of $4.2 billion, plus income tax expense of $0.1 billion, plus interest expense of $1.8 billion, plus equity in net income (loss) of affiliates of $(10) million, minus other income (expense) – net of $0.3 billion, plus depreciation and amortization of $5.1 billion, plus $320 million of adjustments. For 4Q24, adjusted EBITDA of $10.8 billion is calculated as net income of $4.4 billion, plus income tax expense of $0.9 billion, plus interest expense of $1.7 billion, minus equity in net income of affiliates of $1.1 billion, minus other income (expense) – net of $0.6 billion, plus depreciation and amortization of $5.4 billion, plus adjustments of $91 million. For 2025, adjusted EBITDA of $46.4 billion is calculated as net income of $23.4 billion, plus income tax expense of $3.6 billion, plus interest expense of $6.8 billion, minus equity in net income of affiliates of $1.9 billion, minus other income (expense) – net of $7.8 billion, plus depreciation and amortization of $20.9 billion, plus adjustments of $1.3 billion, which include the transaction, legal, and other operating costs discussed above under Adjusted diluted EPS. For 2024, adjusted EBITDA of $44.8 billion is calculated as net income of $12.3 billion, plus income tax expense of $4.4 billion, plus interest expense of $6.8 billion, minus equity in net income of affiliates of $2.0 billion, minus other income (expense) – net of $2.4 billion, plus depreciation and amortization of $20.6 billion, plus adjustments of $5.1 billion. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated January 28, 2026.At the segment or business unit level, EBITDA is operating income before depreciation and amortization. EBITDA margin is EBITDA divided by total revenues. EBITDA service margin is EBITDA divided by total service revenues.Adjusted EBITDA, Advanced Connectivity EBITDA and Legacy EBITDA estimates depend on future levels of revenues and expenses which are not reasonably estimable at this time. Accordingly, we cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort.Free cash flow for 4Q25 of $4.2 billion is cash from operating activities of $11.3 billion, minus capital expenditures of $6.8 billion and cash paid for vendor financing of $0.4 billion. For 4Q24, free cash flow of $4.0 billion is cash from operating activities of $11.9 billion, less cash distributions from DIRECTV classified as operating activities of $1.1 billion, less cash taxes paid on DIRECTV of $0.3 billion, minus capital expenditures of $6.8 billion and cash paid for vendor financing of $0.2 billion. For 2025, free cash flow excluding DIRECTV of $16.6 billion is cash from operating activities of $40.3 billion, less cash distributions from DIRECTV classified as operating activities of $1.9 billion, less cash taxes paid on DIRECTV of $0.3 billion, minus capital expenditures of $20.8 billion and cash paid for vendor financing of $1.2 billion. For 2024, free cash flow excluding DIRECTV of $15.3 billion is cash from operating activities of $38.8 billion, less cash distributions from DIRECTV classified as operating activities of $2.0 billion, less cash taxes paid on DIRECTV of $0.7 billion, minus capital expenditures of $20.3 billion and cash paid for vendor financing of $1.8 billion. Due to high variability and difficulty in predicting items that impact cash from operating activities, capital expenditures and vendor financing payments, the Company is not able to provide reconciliations between projected 2026-2028 free cash flow and the most comparable GAAP metric without unreasonable effort.Capital investment provides a comprehensive view of cash used to invest in our networks, product developments, and support systems. In connection with capital improvements, we have favorable payment terms of 120 days or more with certain vendors, referred to as vendor financing, which are excluded from capital expenditures and reported as financing activities. Capital investment includes capital expenditures and cash paid for vendor financing ($0.4 billion in 4Q25, $0.2 billion in 4Q24, $1.2 billion in 2025, and $1.8 billion in 2024). Due to high variability and difficulty in predicting items that impact capital expenditures and vendor financing payments, the Company is not able to provide reconciliations between projected capital investment for 2026-2028 and the most comparable GAAP metrics without unreasonable effort.Net debt of $117.4 billion at December 31, 2025, is calculated as total debt of $136.1 billion less cash and cash equivalents of $18.2 billion and time deposits (i.e. deposits at financial institutions that are greater than 90 days) of $0.5 billion. Net debt-to-adjusted EBITDA is calculated by dividing net debt by the sum of the most recent four quarters of adjusted EBITDA. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.Discussion and Reconciliation of Non-GAAP MeasuresWe believe the following measures are relevant and useful information to investors as they are part of AT&T's internal management reporting and planning processes and are important metrics that management uses to evaluate the operating performance of AT&T and its segments. Management also uses these measures as a method of comparing performance with that of many of our competitors. These measures should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with U.S. generally accepted accounting principles (GAAP). Prior periods have been recast to conform to the current period presentation to remove cash flows and equity in net income from our investment in DIRECTV, which we sold to TPG Capital on July 2, 2025.Free Cash FlowFree cash flow is defined as cash from operations minus cash flows related to our DIRECTV equity investment (cash distributions minus cash taxes from DIRECTV), minus capital expenditures and cash paid for vendor financing (classified as financing activities). Free cash flow after dividends is defined as cash from operations minus cash flows related to our DIRECTV equity investment, capital expenditures, cash paid for vendor financing and dividends on common and preferred shares. Free cash flow dividend payout ratio is defined as the percentage of dividends paid on common and preferred shares to free cash flow. We believe these metrics provide useful information to our investors because management views free cash flow as an important indicator of how much cash is generated by routine business operations, including capital expenditures and vendor financing, and makes decisions based on it. Management also views free cash flow as a measure of cash available to pay debt and return cash to shareowners.Free Cash Flow and Free Cash Flow Dividend Payout RatioDollars in millions




Fourth Quarter
Year Ended
20252024
20252024Net cash provided by operating activities$  11,320$  11,896
$  40,284$  38,771Less: Distributions from DIRECTV classified as operating activities—(1,072)
(1,926)(2,027)Less: Cash taxes paid on DIRECTV—254
251656Less: Capital expenditures(6,781)(6,843)
(20,842)(20,263)Less: Payment of vendor financing(358)(221)
(1,181)(1,792)Free Cash Flow4,1814,014
16,58615,345





Less: Dividends paid(2,012)(2,037)
(8,180)(8,208)Free Cash Flow after Dividends$    2,169$    1,977
$    8,406$    7,137Free Cash Flow Dividend Payout Ratio48.1 %50.7 %
49.3 %53.5 %Cash Paid for Capital InvestmentIn connection with capital improvements, we negotiate with some of our vendors to obtain favorable payment terms of 120 days or more, referred to as vendor financing, which are excluded from capital expenditures and reported in accordance with GAAP as financing activities. We present an additional view of cash paid for capital investment to provide investors with a comprehensive view of cash used to invest in our networks, product developments and support systems. Cash Paid for Capital InvestmentDollars in millions




Fourth Quarter
Year Ended
20252024
20252024Capital Expenditures$  (6,781)$  (6,843)
$  (20,842)$  (20,263)Payment of vendor financing(358)(221)
(1,181)(1,792)Cash paid for Capital Investment$  (7,139)$  (7,064)
$  (22,023)$  (22,055)EBITDAOur calculation of EBITDA, as presented, may differ from similarly titled measures reported by other companies. For AT&T, EBITDA excludes other income (expense) – net, and equity in net income (loss) of affiliates, as these either do not reflect the operating results of our subscriber base or are operations that are not under our control. Equity in net income (loss) of affiliates represents the proportionate share of the net income (loss) of affiliates in which we exercise significant influence, but do not control. Because we do not control these entities, management excludes these results when evaluating the performance of our primary operations. EBITDA also excludes interest expense and the provision for income taxes. Excluding these items eliminates the expenses associated with our capital and tax structures. Finally, EBITDA excludes depreciation and amortization in order to eliminate the impact of capital investments. EBITDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP. EBITDA service margin is calculated as EBITDA divided by service revenues.These measures are used by management as a gauge of our success in acquiring, retaining and servicing subscribers because we believe these measures reflect AT&T's ability to generate and grow subscriber revenues while providing a high level of customer service in a cost-effective manner. Management also uses these measures as a method of comparing cash generation potential with that of many of its competitors. The financial and operating metrics which affect EBITDA include the key revenue and expense drivers for which management is responsible and upon which we evaluate performance. We believe EBITDA Service Margin (EBITDA as a percentage of service revenues) to be an additional relevant measure to EBITDA Margin (EBITDA as a percentage of total revenue) for our Mobility business unit operating margin. We also use wireless service revenues to calculate margin to facilitate comparison, both internally and externally with our wireless competitors, as they calculate their margins using wireless service revenues as well. There are material limitations to using these non-GAAP financial measures. EBITDA, EBITDA margin and EBITDA service margin, as we have defined them, may not be comparable to similarly titled measures reported by other companies. Furthermore, these performance measures do not take into account certain significant items, including depreciation and amortization, interest expense, tax expense and equity in net income (loss) of affiliates. For market comparability, management analyzes performance measures that are similar in nature to EBITDA as we present it, and considering the economic effect of the excluded expense items independently as well as in connection with its analysis of net income as calculated in accordance with GAAP. EBITDA, EBITDA margin and EBITDA service margin should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. EBITDA and Adjusted EBITDADollars in millions




Fourth Quarter
Year Ended
20252024
20252024Net Income$   4,156$   4,408
$ 23,386$ 12,253Additions:




Income Tax Expense109900
3,6214,445Interest Expense1,7911,661
6,8046,759Equity in Net (Income) Loss of Affiliates10(1,074)
(1,895)(1,989)Other (Income) Expense - Net(278)(569)
(7,754)(2,419)Depreciation and amortization5,1285,374
20,88620,580EBITDA10,91610,700
45,04839,629Transaction, legal and other costs1222
627123Benefit-related (gain) loss (26)55
(152)(67)Asset impairments and abandonments and restructuring33414
8385,075Adjusted EBITDA1$ 11,236$ 10,791
$ 46,361$ 44,760 1 See "Adjusting Items" section for additional discussion and reconciliation of adjusted items. Segment and Business Unit EBITDA, EBITDA Margin and EBITDA Service Margin
Dollars in millions







Fourth Quarter

Year Ended

20252024
20252024Communications Segment
Operating Income$   6,775
$   6,189

$   27,927
$  27,095
Add: Depreciation and amortization4,875
5,114

19,959
19,433
EBITDA$ 11,650
$ 11,303

$   47,886
$  46,528










Total Operating Revenues$ 32,121
$ 31,139

$ 120,896
$ 117,652
Operating Income Margin21.1%19.9%
23.1%23.0%EBITDA Margin36.3%36.3%
39.6%39.5%









Mobility
Operating Income$   6,400
$   6,124

$   27,196
$  26,314
Add: Depreciation and amortization2,763
2,764

10,422
10,217
EBITDA$   9,163
$   8,888

$   37,618
$  36,531










Total Operating Revenues$ 24,354
$ 23,129

$   89,482
$  85,255
Service Revenues16,954
16,563

67,384
65,373
Operating Income Margin26.3%26.5%
30.4%30.9%EBITDA Margin37.6%38.4%
42.0%42.8%EBITDA Service Margin54.0%53.7%
55.8%55.9%









Business Wireline
Operating Income (Loss)$    (163)
$     (211)

$      (816)
$        (88)
Add: Depreciation and amortization1,280
1,408

5,834
5,555
EBITDA$   1,117
$   1,197

$     5,018
$    5,467










Total Operating Revenues$   4,202
$   4,545

$   17,231
$  18,819
Operating Income Margin(3.9)%(4.6)%
(4.7)%(0.5)%EBITDA Margin26.6%26.3%
29.1%29.1%









Consumer Wireline
Operating Income$      538
$      276

$     1,547
$       869
Add: Depreciation and amortization832
942

3,703
3,661
EBITDA$   1,370
$   1,218

$     5,250
$    4,530










Total Operating Revenues$   3,565
$   3,465

$   14,183
$  13,578
Operating Income Margin15.1%8.0%
10.9%6.4%EBITDA Margin38.4%35.2%
37.0%33.4%









Latin America Segment
Operating Income$        34
$        21

$        145
$         40
Add: Depreciation and amortization189
150

671
657
EBITDA$      223
$      171

$        816
$       697










Total Operating Revenues$   1,259
$   1,044

$     4,379
$    4,232
Operating Income Margin2.7%2.0%
3.3%0.9%EBITDA Margin17.7%16.4%
18.6%16.5%Adjusting ItemsAdjusting items include revenues and costs we consider non-operational in nature, including items arising from asset acquisitions or dispositions, including the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and that those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income.The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate, in these cases we use the actual tax expense or combined marginal rate of approximately 25%.   Adjusting ItemsDollars in millions




Fourth Quarter
Year Ended
20252024
20252024Operating Expenses




Transaction, legal and other costs1$   12$     22
$      627$     123Benefit-related (gain) loss(26)55
(152)(67)Asset impairments and abandonments and restructuring33414
8385,075Adjustments to Operations and Support Expenses32091
1,3135,131   Amortization of intangible assets1010
3853Adjustments to Operating Expenses330101
1,3515,184Other




   Equity in net income of DIRECTV—(1,072)
(1,926)(2,027)Gain on sale of DIRECTV(101)—
(5,580)—Benefit-related (gain) loss, impairments of investments and other(22)10
(246)156Actuarial loss – net51956
51956Adjustments to Income Before Income Taxes726(905)
(5,882)3,369Tax impact of adjustments193(190)
(73)(221)Tax-related items592222
769222Adjustments to Net Income$  (59)$  (937)
$  (6,578)$  3,368Preferred stock redemption gain——
(90)—Adjustments to Net Income Attributable to Common Stock$  (59)$  (937)
$  (6,668)$  3,368 1 Includes certain legal reserves and settlements that cover extended historical periods and/or are unpredictable in both magnitude and
timing, and therefore are distinct and separate from normal, recurring legal matters. Such costs are presented net of expected insurance
recoveries and are primarily associated with legacy legal matters and the expected resolution of certain litigation associated with cyberattacks disclosed in 2024. The year ended December 31, 2025 also includes approximately $440 of apportioned property and
casualty settlements. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS are non-GAAP financial measures calculated by excluding from operating revenues, operating expenses, other income (expense) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Management believes that these measures provide relevant and useful information to investors and other users of our financial data in evaluating the effectiveness of our operations and underlying business trends.Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. AT&T's calculation of Adjusted items, as presented, may differ from similarly titled measures reported by other companies.Adjusted Operating Income, Adjusted Operating Income Margin,Adjusted EBITDA and Adjusted EBITDA MarginDollars in millions




Fourth Quarter
Year Ended
20252024
20252024Operating Income$  5,788$  5,326
$  24,162$  19,049Adjustments to Operating Expenses330101
1,3515,184Adjusted Operating Income6,1185,427
25,51324,233





EBITDA10,91610,700
45,04839,629Adjustments to Operations and Support Expenses32091
1,3135,131Adjusted EBITDA11,23610,791
46,36144,760





Total Operating Revenues33,46632,298
125,648122,336





Operating Income Margin17.3 %16.5 %
19.2 %15.6 %Adjusted Operating Income Margin18.3 %16.8 %
20.3 %19.8 %Adjusted EBITDA Margin33.6 %33.4 %
36.9 %36.6 % Adjusted Diluted EPS
Fourth Quarter
Year Ended
20252024
20252024Diluted Earnings Per Share (EPS)$   0.53$   0.56
$   3.04$   1.49Gain on sale of DIRECTV(0.01)—
(0.80)—Equity in net income of DIRECTV—(0.12)
(0.21)(0.22)Actuarial loss – net10.060.01
0.060.01   Restructuring and impairments0.04—
0.090.72   Benefit-related, transaction, legal and other items(0.02)0.01
0.02(0.02)Tax-related items(0.08)(0.03)
(0.08)(0.03)Adjusted EPS$   0.52$   0.43
$   2.12$   1.95Year-over-year growth - Adjusted20.9 %

8.7 %
Weighted Average Common Shares Outstanding    with Dilution (000,000)7,1087,215
7,1797,2041 Includes adjustments for actuarial gains or losses associated with our pension and postemployment benefit plans, which we immediately recognize in the
income statement, pursuant to our accounting policy for the recognition of actuarial gains/losses. We recorded a total net actuarial loss of $0.5 billion in 2025.
As a result, adjusted EPS reflects an expected return on plan assets of $2.1 billion (based on an average expected return on plan assets of 7.75% for our
pension trust and 4.00% for our VEBA trusts), rather than the actual return on plan assets of $2.6 billion (actual pension return of 9.8% and VEBA return
of 6.5%), included in the GAAP measure of income.Net Debt to Adjusted EBITDANet Debt to EBITDA ratios are non-GAAP financial measures frequently used by investors and credit rating agencies and management believes these measures provide relevant and useful information to investors and other users of our financial data. Our Net Debt to Adjusted EBITDA ratio is calculated by dividing the Net Debt by the sum of the most recent four quarters Adjusted EBITDA. Net Debt is calculated by subtracting cash and cash equivalents and deposits at financial institutions that are greater than 90 days (e.g., certificates of deposit and time deposits), from the sum of debt maturing within one year and long-term debt.Net Debt to Adjusted EBITDA - 2025Dollars in millions







Three Months Ended



March 31,
June 30,
Sept. 30,
Dec. 31,
Four Quarters

2025 1
2025 1
2025 1
2025
Adjusted EBITDA
$   11,533
$   11,731
$   11,861
$   11,236
$   46,361End-of-period current debt








9,011End-of-period long-term debt








127,089Total End-of-Period Debt








136,100Less: Cash and Cash Equivalents








18,234Less: Time Deposits








500Net Debt Balance








117,366Annualized Net Debt to Adjusted EBITDA Ratio








2.53 1 As reported in AT&T's Form 8-K filed October 22, 2025. Net Debt to Adjusted EBITDA - 2024Dollars in millions







Three Months Ended



March 31,
June 30,
Sept. 30,
Dec. 31,
Four Quarters

2024 1
2024 1
2024 1
2024 1
Adjusted EBITDA
$   11,046
$   11,337
$   11,586
$   10,791
$    44,760End-of-period current debt








5,089End-of-period long-term debt








118,443Total End-of-Period Debt








123,532Less: Cash and Cash Equivalents








3,298Less: Time Deposits








150Net Debt Balance








120,084Annualized Net Debt to Adjusted EBITDA Ratio








2.68 1 As reported in AT&T's Form 8-K filed October 22, 2025. © 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.





View original content to download multimedia:https://www.prnewswire.com/news-releases/att-reports-strong-fourth-quarter-and-full-year-2025-financial-performance-driven-by-growth-in-converged-fiber-and-5g-customers-302672564.htmlSOURCE AT&T

Original: AT&T Reports Strong Fourth-Quarter and Full-Year 2025 Financial Performance Driven by Growth in Converged Fiber and 5G Customers

Fed Call and Earnings Wave Take Center Stage as Markets Brace for Volatility: Dow Jones, S&P, Nasdaq, Wall Street FuturesJanuary 28, 2026 10:28 AM
IH Market News
U.S. equity futures were mostly higher early Wednesday as investors positioned cautiously ahead of a packed session featuring a key Federal Reserve policy decision and a heavy slate of corporate earnings. The Fed is widely expected to keep interest rates unchanged, while several mega-cap technology groups are set to report results after U.S. markets close. Elsewhere, gold climbed to yet another all-time high, and reports said China has approved purchases of Nvidia’s H200 artificial intelligence chips for the first time.



S&P 500 and Nasdaq futures advance



Futures tied to major U.S. indices were trading modestly in positive territory, reflecting guarded optimism ahead of the day’s events.By 02:49 ET, Dow futures were up 37 points, or 0.1%, S&P 500 futures had gained 28 points, or 0.4%, and Nasdaq 100 futures were higher by 249 points, or 1.0%.Wall Street closed mixed on Tuesday as investors digested a wave of quarterly earnings. Sentiment was dented by a sharp drop in UnitedHealth (NYSE:UNH), after the healthcare group warned that 2026 revenue would be lower following a federal proposal for a smaller-than-expected increase in Medicare Advantage premiums. The move weighed on the broader health insurance space, with CVS Health (NYSE:CVS) and Humana (NYSE:HUM) both suffering double-digit losses.By the close, the Dow Jones Industrial Average had fallen 0.8%. However, relative strength in technology and automotive stocks helped support the broader S&P 500 and the Nasdaq Composite.Beyond earnings, investors were also monitoring the risk of a partial U.S. government shutdown amid political backlash over fatal shootings involving immigration enforcement agents in Minneapolis, alongside renewed tariff threats from President Donald Trump.Adding to the cautious tone, U.S. consumer confidence sank in January to its lowest level in 12 years, according to data from the Conference Board, highlighting growing unease among households despite an economy that remains resilient but constrained by high inflation and soft hiring.



Fed decision in focus



Against this backdrop, policymakers at the Federal Reserve are expected to leave interest rates unchanged at the conclusion of their meeting later today.Last year, the central bank delivered a series of rate cuts to support a cooling labour market, bringing borrowing costs into a range of 3.5% to 3.75%. Since then, relatively low layoffs and inflation still well above the Fed’s 2% target have reduced the urgency for further easing.As a result, attention is likely to turn to Chair Jerome Powell’s guidance on the future path of rates, particularly after the Fed’s December meeting revealed deep divisions among officials over how policy should evolve. Markets currently do not expect the next rate cut until June.Investors are also closely watching developments around the leadership of the Fed. Powell, whose term as chair ends in May, is facing a criminal investigation launched earlier this month by the Trump administration. Powell has denied any wrongdoing and described the probe as a politically motivated attempt to undermine the Fed’s independence. Trump has repeatedly criticised Powell for not cutting rates more aggressively, arguing that faster easing would help stimulate growth.Although Powell has received support from members of Trump’s Republican Party, it remains unclear whether he will remain on the Fed’s rate-setting board after his term ends. Trump has reportedly been speaking with potential successors, with prediction markets currently viewing BlackRock executive Rick Rieder as the leading candidate.



Earnings deluge



Earnings season remains a dominant theme, with investors facing a flood of results, particularly from large technology companies.After the U.S. market closes, attention will turn to reports from Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). These updates are expected to offer fresh insight into the sustainability of the artificial intelligence boom, which has become a major driver of equity markets and, potentially, broader economic growth.Big technology groups have been investing heavily in AI infrastructure, fuelling strong demand for advanced semiconductors and data centres. Reinforcing expectations that this trend could extend into 2026, Europe’s largest listed company, ASML (NASDAQ:ASML), reported stronger-than-expected fourth-quarter bookings and said orders continue to increase.Earlier in the day, investors will also parse earnings from AT&T (NYSE:T), Starbucks (NASDAQ:SBUX) and energy equipment maker GE Vernova (NYSE:GEV).



Gold sets another record



Gold prices surged to a new record above $5,200 an ounce on Wednesday, supported by strong demand for safe-haven assets and continued weakness in the U.S. dollar.Other precious metals remained elevated, with silver and platinum trading close to recent highs. The cautious mood ahead of the Fed decision has underpinned demand for havens.Gold has risen around 20% so far in 2026, building on last year’s strong gains. Heightened geopolitical tensions — including developments in Venezuela and a dispute involving Greenland — alongside uncertainty over U.S. policy have been key drivers of the rally.A weaker dollar has further boosted metals prices. The greenback slid to a near four-year low this week after Trump signalled on Tuesday that he was unconcerned by the currency’s decline, prompting additional selling.



China clears purchases of Nvidia’s H200 chips – reports



China has approved the purchase of an initial batch of Nvidia’s (NASDAQ:NVDA) H200 artificial intelligence chips, according to media reports.Authorities have reportedly authorised major domestic technology groups — including ByteDance, Alibaba and Tencent — to buy more than 400,000 H200 chips combined, as Beijing seeks to support its ambitions in artificial intelligence while balancing efforts to bolster domestic chip production.The first round of approvals could be worth around $10 billion, with other companies still awaiting clearance. According to the Wall Street Journal, firms seeking approval were required to submit detailed explanations outlining how the chips would be used.The move comes as Nvidia chief executive Jensen Huang has been visiting China, after previously receiving approval from the Trump administration to begin H200 sales to Chinese customers. Nvidia shares rose more than 1% in extended trading following the reports.UnitedHealth Group stock priceCVS Health stock priceHumana stock priceMeta stock priceMicrosoft stock priceTesla stock priceASML Holding stock priceAT&T stock priceStarbucks stock priceGE Vernova stock priceNvidia stock price

Original: Fed Call and Earnings Wave Take Center Stage as Markets Brace for Volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures

Class Action, Rico charges and Patent infringement filed against AT&T, Verizon, T-Mobile etc. This has been going on for many years and is finally getting close to a resolution. This should be hitting the news sometime this year. The lawsuits will add up to be in the Billions $$$. Buy VPLM stock before this hits the news.

Class Action, Rico charges and Patent infringement has been going on for many years. This should be hitting the news sometime this year. The lawsuits will add up to be in the Billions $$$.

Well, will it be an earnings beat tomorrow morning? Worth it for some Call options, or will it be too weak to move the needle?

Nice volume $$$

$T Total Debt (mrq) $145.29B OVERBOUGHT

Just research the case. The DEFENDANTS will be seeking attorney's fees.
Snippet from Defense Attorney's first response.
The complaint you filed in this matter is long, repetitive, and replete with irrelevant and illogical statements. And yet it contains virtually none of the substance which would make your complaints plausible or even non-frivolous. ... [it just gets better]

VPLM  vs ATT etc etc

Which RICO lawsuit?

Is anyone on this board concerned about the RICO lawsuit pending with this company

$T up $0.50? Swimming against the red tide today.

AT&T $T is at a 6 Year high today. Book Value only $14.55 with Total Debt (mrq) $145.9B

Be care with AT&T, they are about to be hit with a 268 bil anti-trust RICO lawsuit in the coming weeks.

100% Proof of the Firmament! 👀

Explore scientific, photographic, and documentary evidence proving the firmament is real. Discover the truth: Earth is not an infinite plane, concave, or round like a ball, but a non-rotating enclosed circular plane. pic.twitter.com/C4vqdf0gGN— vegastar (@vegastarr) July 5, 2024 $T

To bad T is sketchy in store! Stock though.....

T 10Q due 1/27

Interesting company

Dropping

Why all this debt, not being negative

Yes it is, been watching it for a bit. Nice price movement, analyst estimates of $30, nice divy.
Don't know that post from Mega Centaur appeared.

Yes it is, been watching it for a bit. Nice price movement, analyst estimates of $30, nice divy.

Interesting company