AT&T Inc (T) Q4 2025 (USD): EPS 0.53 (exp. 0.46), Revenue 33.5bln (exp. 32.87bln)

• Wireless postpaid phone net additions +421k (exp. 440k)
• Q4 adj operating income USD 6.1bln (exp. 5.91bln)
• Q4 adj EBITDA USD 11.2bln (exp. 11.1bln)

• In December 2024, Board authorised the repurchase of up to 10,000 of AT&T common stock; began buying stock under this program in the second quarter of 2025.
• For the year ended December 31, 2025, repurchased USD 4.3bln of common stock under the 2024 Authorization. Board has now approved an authorisation to repurchase an additional 10,000 of common stock.
• Expects to maintain current annualised dividend of USD 1.11/shr
• Expects to return USD 45bln+ to shareholders through 2026-2028

• Sees FY EPS 2.25-2.35 (exp. 2.21)
• Through 2028, sees revenue growth of low single digits
• Sees annual capex between USD 23-24bln annually between 2026-28

AT&T's Q4 2025 results beat consensus on both EPS and revenue, which suggests stronger-than-expected operational performance and may bolster investor confidence. The upbeat guidance for FY and commitment to returning significant capital to shareholders signal a proactive strategy, potentially shaping positive sentiment around the stock and sector. However, the slight miss in postpaid net additions could temper enthusiasm, indicating a need to monitor subscriber growth closely moving forward.