Apr. 27 at 7:39 PM
$T stock is down today despite Q1 earnings beat last week. The market is showing concerns that accelerated spending on fiber expansion and 5G is tightening the company's immediate cash position.
$T expects full year FCF of
$18B+ in 2026,
$19B+ in 2027, and
$21B+ in 2028. FCF for the 2025 FY was
$19.44B.
Buybacks: The board authorized a
$10B buyback in 2024, repurchasing
$4.5B of its shares in 2025. The board authorized an additional
$10B repurchase authorization in early 2026. AT&T now plans to return
$45 billion to shareholders through dividends and repurchases from 2026 through 2028.
Morningstar analyst expects the consumer broadband business to deliver steadily improving growth as the fiber network buildout matures. "We believe this business has an opportunity to sharply increase margins over the next five years as penetration rates rise and the old copper network is decommissioned." #Long
