AT&T Q2 2026 Earnings Call: Complete Transcript

AT&T (NYSE: T ) reported second-quarter financial results on Wednesday.

The transcript from the company's second-quarter earnings call has been provided below.

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View the webcast at Watch the full earnings call below: Summary AT&T reported a strong second quarter, with over 1 million net additions in advanced connectivity subscribers and record fiber and fixed wireless net adds.

Consolidated service revenue grew 2.7% year over year, while adjusted EBITDA increased by 5.2%, driven by improvements in operating leverage and cost transformation initiatives.

The company plans to expand fiber reach to 8 million new locations, leveraging its Lumen acquisition and emphasizing fiber and 5G as core strategic pillars.

AT&T announced an increase in share repurchase plans to $10 billion in 2026, citing a disparity between operating fundamentals and stock valuation.

The company anticipates the rise of AI-driven connectivity will significantly increase network traffic, reinforcing its fiber and 5G investments.

AT&T is progressing with its copper network decommissioning, supported by recent FCC actions, to streamline operations and cost structures.

Management expressed confidence in maintaining strong growth and reiterated full-year guidance for adjusted EPS and service revenue growth.

John Stankey highlighted the strategic importance of convergence between fiber and wireless services, emphasizing customer retention and lifetime value.

AT&T's CFO, Pascal Desroche, will retire at the end of the year, with Jennifer Byry returning to succeed him, ensuring continuity in the company's strategic direction.

Full Transcript OPERATOR Good morning and welcome to AT&T's second quarter 2026 earnings call.

At this time, all participants are in a listen-only mode.

Should you need assistance during the call, please press star then zero and an operator will assist you offline.

Following the presentation, the call will be open for questions.

If you would like to ask a question, please press star then one and you will be placed in the question queue.

If you are in the question queue and would like to withdraw your question, you can do so by pressing star then two.

As a reminder, this conference is being recorded.

I would now like to turn the conference call over to our host, Brett Feldman, Treasurer and Head of Investor Relations.

Please go ahead.

Brett Feldman, Treasurer and Head of Investor Relations Thank you and good morning.

Welcome to our second quarter call.

I'm Brett Feldman, Treasurer and Head of Investor Relations for AT&T.

Joining me on the call today are John Stankey, our Chairman and CEO, and Pascal Desroche, our CFO.

Before we begin, I need to call your attention to our Safe Harbor statement.

It says that some of our comments today may be forward looking.

As such, they are subject to risks and uncertainties described in AT&T's SEC filings.

Results may differ materially.

Additional information as well as our earnings materials are available on the Investor Relations website.

With that, I'll turn things over to John.

John Stankey — AT&T CEO Thanks Brett and good morning everyone.

I do appreciate you joining us today.

Earlier this year we provided an outlook for accelerated growth and execution of our strategy, and that's exactly what we delivered.

In the second quarter we gained more than 1 million advanced connectivity subscribers from fiber, fixed wireless and postpaid phones, with all three product categories posting higher net additions year over year.