AT&T Inc. (T) Q2 FY2026: Record fiber and fixed wireless net adds, 432,000 postpaid phone additions, and a 42.5% convergence rate drove lower churn, though fiber ARPU fell 1.3% due to the Lumen acquisition
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Episode notes
AT&T reported service revenue growth of 2.7% year-over-year to $31.56 billion, missing expectations, while adjusted EBITDA rose 5.2% to a 39.1% margin and EPS of $0.65 beat estimates by 8%. Record fiber and fixed wireless net adds, 432,000 postpaid phone additions, and a 42.5% convergence rate drove lower churn, though fiber ARPU fell 1.3% due to the Lumen acquisition. Management reaffirmed full-year guidance for low-single-digit service revenue growth and 3-4% EBITDA growth amid ongoing copper exits and elevated capex.
Company: AT&T Inc. (T) β Q2 FY2026
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