Core Insights - AT&T is recognized as a solid company with strong dividend payments, but it is not considered a growth stock despite expected profit improvements in the near future [1] Group 1: Business Growth Drivers - The primary driver of AT&T's anticipated growth is its fiber-optic broadband segment, which has seen significant investment, including a recent $5.8 billion acquisition of Lumen's fiber business [4] - AT&T plans to expand its fiber service footprint to over 40 million customer locations by the end of this year, marking a 25% increase from 32 million locations at the end of 2025 [4] Group 2: Revenue Composition - Approximately 70% of AT&T's revenue is derived from wireless services, while less than 15% comes from fiber-optic connectivity for consumers and businesses [5] - Despite being a smaller segment, the fiber business is projected to be a significant profit growth engine, with 40% of consumers who can subscribe to AT&T's broadband service doing so [6] Group 3: Customer Growth Potential - An additional 8 million locations are expected to lead to 3.2 million new paying broadband customers, increasing the customer base from 10.6 million to 13.6 million, representing a 30% growth [6] - The average fiber customer pays around $73 per month, which could result in nearly $3 billion in additional annual revenue [6] Group 4: Financial Projections - AT&T's CFO provided guidance indicating adjusted EPS is expected to be in the range of $2.25 to $2.35 by 2026, with a projected double-digit compound annual growth rate (CAGR) through 2028 [7] - Analysts predict a low-double-digit growth rate for AT&T's per-share profits, estimated to increase by just over 10% annually through 2028 [7]

U.S. telecom giants are continuing to push aggressively into fiber expansion and cloud partnerships, turning network scale into a long-term strategic advantage. In this competitive setting, AT&T (T) has aligned with Amazon Web Services (AMZN) and Amazon Leo, formerly known as Project Kuiper, to modernize and strengthen the nation’s connectivity backbone. The partnership builds on an established relationship by combining AT&T’s expansive fiber footprint with AWS’s security, reliability, performance, and a ...

通信行业周报 股 票 研 究 股票研究 /[Table_Date] 2026.02.07 北美云厂商业绩超预期，关注 CPO 及产业链公司投资机会 通信设备及服务 [Table_Industry] | | | | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 余伟民(分析师) | 010-50949926 | yuweimin@gtht.com | S0880525040028 | | 王彦龙(分析师) | 010-83939775 | wangyanlong@gtht.com | S0880519100003 | 本报告导读： 北美云厂商接连发布最新财报，海外光通信公司 CPO 及 OCS 业务进展迅速，谷歌、 亚马逊 26 年资本开支指引进一步扩大，继续看好 AI 算力产业链方向。 投资要点： [Table_Report] 相关报告 通信设备及服务《光纤光缆供不应求，看好涨价 趋势》2026.02.05 通信设备及服务《光纤行业涨价趋势明确，关注 cpo 和光互联投资机会》2026.02.03 通信设备及服务《基金持仓占比 ...

Core Viewpoint - AT&T is positioned to return $45 billion to investors between 2026 and 2028, following a significant dividend cut and a focus on debt reduction after the WarnerMedia spinoff [1][3][4]. Financial Performance - AT&T cut its dividend by nearly 50% in 2022 to strengthen its balance sheet, resulting in a lower total debt and reduced leverage over four years [3]. - In 2025, AT&T returned $12 billion through dividends and stock buybacks, with plans to increase this to $45 billion over the next three years [4]. Stock Valuation - Following the announcement of the $45 billion return plan, AT&T's stock price increased by 15% in five days, indicating a potential shift in investor sentiment [5]. - Current valuation metrics show that AT&T's price-to-sales and price-to-book-value ratios are above their five-year averages, suggesting the stock may be considered expensive [6]. Investment Appeal - The current 4% dividend yield is attractive, but the lack of dividend growth may deter dividend investors, as similar yields are available from companies with a history of dividend increases [8]. - Growth investors may find AT&T less appealing, as the company is not primarily a growth story despite plans for investment in fiber optic cables [9].

AT&T Inc. (NYSE:T) is one of the Best Cheap Stocks to Buy Right Now. AT&T beat street consensus in the fourth quarter of 2025, both in terms of revenue ($33.5 billion actual vs. $32.88 billion consensus estimate) and earnings per share ($0.52 per share actual vs. $0.47 per share consensus estimate). John Stankey, AT&T’s Chairman and CEO, also announced management’s guidance for the following year: +1-4% revenue growth, +3-4% EBITDA growth, and $2.25 to $2.35 EPS. In terms of returning capital to sharehold ...

Group 1 - AT&T has recently paid its quarterly dividend of 27 cents per share [1]

For more information on AT&T amiGO Jr. products, please visit: https://www.att.com/wireless/amigo-family/ 1 When you buy on installment plan with eligible AT&T wireless service plan for each device. Price after credits for 36 mos. Req's 0% APR 36-mo. agmt. Well-qualified customers. Watch 2 requires new line and compatible smartphone with qualifying wireless plan. Credits start within 3 bills. If svc cancelled, device balance due. For new lines, if svc. on other lines cancelled w/in 90 days credits stop. $35 ...

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In recent months, AT&T has quietly struggled with a growing customer problem amid heightened competition in the wireless industry. In response, it just made a billion-dollar move to give it a leg up on its rivals. During the fourth quarter of 2025, AT&T saw its postpaid phone churn, the rate of customers who canceled their phone service, hit 0.98%, according to its most recent earnings report. This is 13 basis points higher than the churn it reported for the same time period in 2024. In addition, AT&T s ...