T · News · 20260827N

Guidance and Outlook

AT&T INC. · 2026-08-27 · Importance 80 · Surprise 68 · Contradicted

AT&T guides to approximately $18 billion of free cash flow in 2026, according to third-party reporting. Management projects EBITDA growth of 3–4% in 2026 and acceleration to more than 5% annually from 2028. The outlook is supported by rising wireless ARPU and net additions, while legacy-segment headwinds remain a constraint.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashpositiveprobable—T now guides FCF to ~$18B for 2026.
operating_incomepositiveprobable—Management projects EBITDA growth of 3–4% in 2026.
operating_incomepositiveprobable—Management projects EBITDA accelerating to 5%+ annually from 2028.