Key Takeaways
- AT & T CFO Pascal Desroches will discuss the company’s financial outlook at the Mizuho Technology Conference on [date], with a live webcast starting at 9:00 a.m. ET.
- The carrier reaffirms its 2026‑2028 guidance, expecting stronger adjusted EBITDA and EPS growth, higher free cash flow, and a return of $45 billion+ to shareholders via dividends and share buybacks.
- AT & T aims to bring its net‑debt‑to‑adjusted EBITDA ratio back into the 2.5x target range within roughly three years after the EchoStar transaction closes.
- For Q2 2026, the company forecasts improved year‑over‑year wireless service revenue growth versus Q1 2026, continued momentum in converged offers, and better advanced home‑internet net adds.
- Second‑quarter free cash flow is projected in the $4.0‑$4.5 billion range, supporting the broader cash‑return plan.
- Investors can access the live webcast and replay on AT & T’s Investor Relations site and sign up for email alerts to receive future financial news automatically.
Introduction to the Upcoming Mizuho Technology Conference
Pascal Desroches, Chief Financial Officer of AT & T (NYSE:T), is slated to speak tomorrow at the prestigious Mizuho Technology Conference. The fireside chat, scheduled to begin at 9:00 a.m. Eastern Time, will provide shareholders and market analysts with an updated view of the company’s financial trajectory. Desroches’ presentation will focus on confirming that AT & T remains on track to meet its multi‑year guidance, elaborating on capital‑allocation priorities, and outlining near‑term performance expectations for the second quarter of 2026. The event will be streamed live and made available for replay on AT & T’s Investor Relations website, ensuring broad accessibility for investors worldwide.
Reaffirmation of 2026‑2028 Financial Guidance
AT & T continues to stand firmly behind the long‑term outlook and capital‑allocation plans disclosed alongside its first‑quarter 2026 results. The guidance encompasses several pivotal targets: improved growth in adjusted EBITDA and adjusted earnings per share (EPS) through 2028, a trajectory toward higher free cash flow generation, and a commitment to return more than $45 billion to shareholders over the 2026‑2028 period via a combination of dividends and share repurchases. By reiterating these commitments, the company signals confidence in its operational execution and its ability to generate sustainable shareholder value despite a competitive telecommunications landscape.
Capital Allocation and Shareholder Returns
A cornerstone of AT & T’s strategy is the planned return of $45 billion+ to shareholders between 2026 and 2028. This capital return will be executed through a balanced mix of dividend payments and opportunistic share repurchases, allowing the firm to reward income‑focused investors while also enhancing earnings per share through reduced share count. The dividend policy is expected to remain progressive, with incremental increases aligned to cash‑flow generation, while share buybacks will be timed to capitalize on periods when the stock trades below intrinsic value. Together, these actions aim to bolster total shareholder return and reinforce AT & T’s reputation as a reliable income generator.
Debt Outlook and Leverage Targets
In conjunction with its capital‑return plan, AT & T anticipates that its net‑debt‑to‑adjusted EBITDA ratio will revert to a level consistent with its long‑term target of approximately 2.5× within about three years following the closing of its transaction with EchoStar. The EchoStar deal, which involves the transfer of certain wireless spectrum assets and related liabilities, is expected to deleverage the balance sheet by reducing debt while preserving earnings power. Achieving the 2.5× leverage range will provide AT & T with greater financial flexibility, lower financing costs, and improved resilience against macro‑economic headwinds or industry‑specific challenges.
Wireless Service Revenue Expectations for Q2 2026
Looking ahead to the second quarter of 2026, AT & T projects improved year‑over‑year growth in wireless service revenue compared with the growth rate reported in the first quarter of 2026. This anticipated acceleration reflects several factors: continued uptake of 5G services, successful execution of promotional campaigns targeting high‑value postpaid subscribers, and the benefits of network investments that enhance coverage and speed. The company expects these dynamics to translate into higher average revenue per user (ARPU) and stronger subscriber retention, thereby bolstering the top‑line performance of its wireless segment.
Momentum in Converged Offers and Advanced Home‑Internet Net Adds
AT & T also forecasts sustained momentum with its converged product bundles, which combine wireless, broadband, and entertainment services into a single offering. These converged offers have proven effective in reducing churn and increasing customer lifetime value by encouraging cross‑sell and deepening engagement. Additionally, the carrier anticipates year‑over‑year improvement in advanced home‑internet net additions, driven by the expansion of its fiber‑to‑the‑home footprint, competitive pricing tiers, and the growing demand for high‑bandwidth applications such as streaming, gaming, and remote work. Together, these trends are expected to contribute meaningfully to overall revenue growth and profitability.
Adjusted EBITDA and Free Cash Flow Projections
Building on the aforementioned operational drivers, AT & T continues to expect improved year‑over‑year growth in consolidated adjusted EBITDA relative to the first‑quarter 2026 figure. Adjusted EBITDA serves as a key profitability metric that strips out non‑cash and non‑operational items, offering a clearer view of core earnings power. The projected EBITDA uplift will be underpinned by higher wireless service revenue, incremental contributions from converged offers, and ongoing cost‑efficiency initiatives. Consequently, the company forecasts second‑quarter free cash flow to land in the range of $4.0 billion to $4.5 billion. This robust cash generation will fund the planned shareholder returns, support debt reduction efforts, and provide latitude for strategic investments in technology and infrastructure.
Conference Details and Access Information
Investors interested in hearing Desroches’ insights can tune into the fireside chat via the live webcast on AT & T’s Investor Relations website, commencing at 9:00 a.m. ET. A replay will be archived on the same site for those unable to attend the live session. The webcast format allows for a seamless viewing experience across desktop and mobile devices, ensuring that a global audience can access the commentary in real time. Additionally, the Investor Relations portal provides supplementary materials, including slide decks and FAQs, to help participants contextualize the discussion within the broader framework of AT & T’s strategic plan.
How to Stay Informed on AT & T Financial News
To receive automatic updates on AT & T’s financial releases, investors are encouraged to subscribe to email alerts through the Investor Relations section of the company’s website. By opting in, shareholders will receive timely notifications regarding earnings announcements, dividend declarations, share‑repurchase activity, and other material events. This proactive approach ensures that market participants remain well‑informed and can make timely decisions based on the latest corporate developments.
Conclusion
Pascal Desroches’ upcoming address at the Mizuho Technology Conference will reinforce AT & T’s confidence in delivering on its 2026‑2028 financial roadmap. The commentary will underscore improved wireless service revenue growth, continued strength in converged offers and home‑internet net adds, rising adjusted EBITDA, and solid free cash flow generation—all of which underpin the ambitious shareholder‑return program and the targeted deleveraging path. With the live webcast readily accessible and email alerts available for ongoing updates, investors have multiple avenues to stay aligned with AT & T’s evolving narrative as it navigates the dynamic telecommunications landscape.