AT&T Boosts Buyback to $10B Following Earnings Beat

Key Facts

Following weeks of anticipation in the telecom sector, AT&T reported strong results driven by record growth in its Advanced Connectivity segment, propelling the stock 10.6% higher over the past week. According to analyst reports, the company added 432,000 postpaid phone customers and 646,000 net additions in fiber and fixed-wireless services. These metrics underscore the success of the company's digital transformation despite declining legacy copper revenues.

In response to these results, AT&T increased its 2026 share repurchase plan to $10 billion, a 25% rise from the previous target, while maintaining its full-year adjusted EPS and free cash flow outlook. Per market data, this optimism reflects the company's ability to generate sustainable liquidity for distributions, as adjusted earnings per share reached $0.65 compared to $0.54 in the prior year.

The T stock closed at $24.13 (close of July 24, 2026), benefiting from positive momentum that pushed the shares above the $23 resistance level in recent sessions. With no major economic catalysts in the upcoming calendar, investors will monitor whether the fiber segment can continue offsetting legacy declines to meet the stated cash flow targets.