AT&T Inc. (T) Q4 2025 Earnings Call Transcript
AT&T Inc. delivered a Q4 2025 earnings double beat and raised its 2026 to 2028 business outlook across the board, underscoring strong execution of its convergence strategy. T FCF is expected to exceed $18 billion in 2026, a year ahead of previous guidance. This underpins $8 billion of buybacks this year, and $45 billion through 2028, cumulatively. The T results have assuaged earlier concerns that AT&T's return to acquisitions, including the upcoming Lumen and EchoStar transactions, will weaken durability of its capital returns critical for its income-focused investors.
T posted solid Q4 results with strong wireless and fiber demand, beating revenue estimates despite legacy service declines.
Telecommunications stock AT&T Inc (NYSE:T) is enjoying a lift today, last seen up 4.3% at $23.99, after better-than-expected fourth-quarter earnings of 52 cents per share on revenue of $33.47 billion.
The headline numbers for AT&T (T) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AT&T Inc (NYSE:T, XETRA:SOBA) reported fourth quarter and full-year 2025 results that modestly exceeded Wall Street expectations, supported by growth in mobility and fiber customers and higher earnings. AT&T posted revenue of about $33.5 billion, above the consensus estimate of $32.7 billion.
AT&T (T) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.54 per share a year ago.
AT&T added 283,000 fiber subscribers and 421,000 net postpaid phone subscribers in the latest quarter, reflecting a push for “convergence” of connectivity offerings.
AT&T recorded higher sales in the fiscal fourth quarter, boosted by increases in revenue at its wireless and consumer businesses.
AT&T forecast annual profit above market expectations on Wednesday, on bets that its wireless and fiber network expansion would allow the U.S. carrier to tap growing 5G and high-speed internet demand.
T launches an end-to-end IoT solution on AWS Marketplace, aiming to simplify adoption of IoT devices for small and medium sized businesses across sectors.
AT&T will report its full fiscal year results later this week, and expectations for a turnaround are running high. After a somewhat mixed Q3 report, it now appears that margins will be under pressure based on trends in ARPU. Broadband net additions would be another KPI that investors will be eagerly awaiting, and this could offset the aforementioned risks.