AT&T beats Q1 wireless subscriber estimates on bundling

Wireless program adoption among AT&T's location net lawsuit basal reached 42%, the institution reported. Excluding customers acquired done AT&T's February 2026 acquisition of substantially each of Lumen's wide markets fibre business, that fig approaches 45% — up much than 3 percent points twelvemonth implicit twelvemonth and the fastest integrated maturation successful the convergence complaint AT&T has reported.

First-quarter gross reached $31.5 billion, a astir 3% year-over-year summation that cleared the $31.25 cardinal statement fig tracked by LSEG. On an adjusted basis, AT&T earned 57 cents per share, topping the 55-cent fig analysts had anticipated, according to Reuters.

The institution added 584,000 full net nett subscribers successful the 4th — divided evenly betwixt 292,000 fibre and 292,000 fixed wireless. AT&T said it present reaches much than 37 cardinal full user and concern locations with fiber, including much than 4 cardinal added done the Lumen acquisition, and remains connected way to transcend 40 cardinal fibre locations by year-end 2026.

Revenue successful the precocious connectivity conception — AT&T's portion encompassing its 5G and home fibre operations — grew astir 5%, with accrued instrumentality income and the folded-in Lumen wide markets concern some contributing to the gain. Postpaid telephone churn was 0.89%.

Adjusted EBITDA for the 4th was $11.8 billion, up from $11.5 cardinal successful the year-ago quarter. Free currency travel was $2.5 billion, compared with $3.1 cardinal a twelvemonth earlier, reflecting higher superior concern arsenic AT&T accelerates fibre deployment. Capital expenditures related to continuing operations were $4.9 billion.

"We're uniquely positioned to present much of what customers privation — fibre and 5G each from 1 supplier connected the nation's largest precocious converged network," AT&T Chairman and CEO John Stankey said successful a statement.

AT&T maintained its full-year 2026 guidance, continuing to task adjusted EPS of $2.25 to $2.35, escaped currency travel of $18 cardinal oregon more, and superior concern successful the $23 cardinal to $24 cardinal range. The institution besides said it plans to repurchase astir $8 cardinal successful banal and support its annualized dividend of $1.11 per share.