AT&T Reports Strong Earnings, Announces $10 Billion Buyback Plan
AT&T reported second-quarter earnings that beat expectations and announced a $10 billion share repurchase plan for 2026. The company's revenue rose by 2.3% year-over-year to $31.6 billion, while non-GAAP adjusted EPS increased significantly from $0.54 to $0.65 per share — representing about 20% growth. The stock closed at $24.13 after a 5.1% gain on the day but remains below its 52-week high of $29.79, offering investors a yield of 4.6%. AT&T's free cash flow for Q2 was $4.7 billion — up from $4.4 billion in the same period last year — and is expected to reach at least $18 billion by 2026. The company plans to return nearly all its projected free cash flow through dividends ($7.6 billion) and buybacks, with guidance suggesting some flexibility for debt reduction or dividend growth as free cash flow increases in the coming years.
Tickers: $T
Topics: AT&T buybacks free cash flow margin expansion revenue growth