AT&T CFO Pascal Desroches Highlights Strong Growth Outlook and Shareholder Value at Mizuho Technology Conference

DALLAS, June 2026 — AT&T Chief Financial Officer Pascal Desroches is set to provide investors and shareholders with an extensive update on the company's financial performance, growth strategy, and long-term outlook during the Mizuho Technology Conference. The event serves as an important platform for AT&T to communicate its progress toward achieving key business objectives while reinforcing confidence in its multi-year growth plan.

AT&T Reaffirms Financial Guidance and Long-Term Strategic Vision

During the conference, Desroches is expected to emphasize that AT&T remains firmly on track to achieve its previously announced financial and operational targets for 2026 and beyond. Company leadership continues to express confidence in the effectiveness of its strategy, which focuses on expanding connectivity services, strengthening customer relationships, and delivering sustainable shareholder value.

AT&T has reiterated its commitment to maintaining the guidance provided during its first-quarter earnings report. The company expects continued growth in adjusted EBITDA, adjusted earnings per share (EPS), and free cash flow over the coming years, supporting its broader objective of creating long-term value for investors.

More Than $45 Billion Planned for Shareholder Returns

One of the key messages expected from the conference is AT&T’s commitment to rewarding shareholders through a substantial capital return program. The telecommunications giant plans to return more than $45 billion to investors between 2026 and 2028 through a combination of dividend payments and share repurchase initiatives.

This announcement highlights management’s confidence in the company’s ability to generate strong cash flow while simultaneously investing in future growth opportunities. The strategy aims to balance infrastructure expansion, technological innovation, and direct shareholder benefits.

Positive Momentum Across Wireless and Broadband Businesses

AT&T continues to report encouraging trends across its core business segments. According to company expectations, wireless service revenue growth during the second quarter of 2026 is projected to exceed the year-over-year growth achieved during the first quarter. This improvement reflects ongoing customer demand for reliable wireless connectivity and the company’s ability to compete effectively in a dynamic telecommunications market.

The company is also experiencing positive momentum in its broadband operations. Advanced home internet services continue to attract new customers, supported by AT&T’s strategy of offering integrated connectivity solutions that combine wireless and broadband services. Management expects year-over-year improvements in home internet subscriber growth as demand for high-speed connectivity remains strong.

Growing Demand for Converged Connectivity Solutions

AT&T's ongoing focus on converged services—offering customers both wireless and internet solutions under a unified platform—has become a significant competitive advantage. The company believes that customers increasingly prefer streamlined service packages that deliver convenience, reliability, and enhanced value.

By leveraging its extensive network infrastructure, AT&T aims to deepen customer relationships while increasing revenue opportunities across multiple service categories. This approach remains a central pillar of the company’s long-term growth strategy.

Strong Free Cash Flow Outlook Supports Business Investments

AT&T continues to forecast robust free cash flow generation during the second quarter of 2026. Company leadership expects free cash flow to reach between $4.0 billion and $4.5 billion, providing significant financial flexibility for future investments, debt reduction, and shareholder distributions.

Strong cash generation remains a critical component of the company’s financial strategy. It allows AT&T to fund network enhancements, pursue strategic opportunities, and maintain a healthy balance sheet while continuing to reward shareholders.

Commitment to Debt Reduction and Financial Discipline

Another important area of focus is AT&T’s balance sheet management. The company expects its net debt-to-adjusted EBITDA ratio to return to approximately 2.5 times within three years following the completion of its transaction with EchoStar. This target reflects management’s commitment to maintaining financial discipline while pursuing growth initiatives.

Reducing leverage remains a strategic priority as AT&T seeks to enhance financial stability and preserve flexibility for future investments and shareholder returns.

Investor Interest in AT&T’s Multi-Year Growth Plan

The Mizuho Technology Conference provides investors with an opportunity to gain deeper insights into AT&T’s long-term vision. The company continues to pursue a growth strategy centered on network expansion, customer satisfaction, operational efficiency, and innovation.

Executives believe that sustained investments in advanced telecommunications infrastructure, including wireless and fiber networks, will position the company for long-term success in an increasingly digital economy. By focusing on connectivity and customer experience, AT&T aims to strengthen its market position while creating additional value for stakeholders.

Importance of Technology Leadership

As digital transformation accelerates across industries, demand for reliable connectivity solutions continues to increase. AT&T is investing heavily in technologies that support faster wireless speeds, enhanced broadband services, and improved customer experiences.

Company leadership views these investments as essential drivers of future growth, enabling AT&T to capitalize on emerging opportunities in both consumer and business markets.

Conference Webcast Available to Investors

Investors and analysts interested in hearing directly from Pascal Desroches can access a live webcast of the fireside chat during the Mizuho Technology Conference. The session is scheduled to begin at 9:00 a.m. Eastern Time and will also be available for replay through AT&T’s investor relations platform.

The webcast is expected to provide additional details regarding the company’s financial outlook, operational performance, and strategic priorities moving forward.

About AT&T

AT&T Inc. is one of the world's leading telecommunications companies, serving more than 100 million consumers and approximately 2.5 million business customers. The company offers wireless communications, fiber broadband services, and advanced connectivity solutions designed to help individuals and organizations stay connected in an increasingly digital world. Through continuous innovation and investment, AT&T remains focused on improving lives through technology and communication.

Outlook

The upcoming presentation by Pascal Desroches is expected to reinforce investor confidence in AT&T’s long-term strategy. With strong financial targets, substantial shareholder return commitments, growing demand across key business segments, and disciplined capital management, the company appears well-positioned to pursue sustainable growth through 2028 and beyond. As the telecommunications industry continues to evolve, AT&T remains focused on delivering value to customers, investors, and stakeholders through innovation, connectivity, and operational excellence.

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