AT&T CEO on Earnings, Mobile Subscriber Gains, AI
Speakers
John Stankey
— CEO, AT&T
Summary
AT&T CEO John Stankey discusses strong Q2 results with better-than-expected wireless subscriber growth and record fiber net adds. He highlights the convergence strategy driving customer loyalty, expects sustained growth through 2028, and sees AT&T's symmetrical networks as essential for AI. Stankey thinks the stock is undervalued and is accelerating share buybacks.
- Q2 wireless phone net adds 432k vs est 325k, record 370k fiber net adds
- Convergence of fiber broadband and mobile reduces churn, raises customer value
- AT&T strong in urban/suburban; satellite competition seen mainly in rural areas
- Internal AI use drives efficiency, but strategic advantages are the focus
- CEO believes stock is dislocated due to rotation, accelerating buybacks
- Symmetrical networks with upstream bandwidth critical for AI workloads
- Management confident execution will sustain growth through 2028
Ideas
AT&T growth, convergence, AI networks undervalued
AT&T is delivering record wireless and fiber net adds driven by years of investment, accelerating revenue and EBITDA growth expected through 2028. The convergence of broadband and mobile lowers churn and increases customer value. The company's symmetrical fiber networks are critical for AI workloads, making AT&T indispensable. The CEO believes the stock is dislocated due to rotation into AI plays and is accelerating share buybacks, expecting valuation correction as the market recognizes AT&T's unique position.
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This Bloomberg Markets video, published July 22, 2026, features John Stankey discussing T. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: John Stankey · Tickers: T