AT&T said revenues for Q2 2025 totaled $30.8 billion, up 3.5% from $29.8 billion in the year-ago quarter; net income was $4.9 billion, compared with $3.9 billion a year ago; and diluted earnings per share was $0.62, versus $0.49 in the year-ago quarter.

1. 01

   AT&T said revenues for Q2 2025 totaled $30.8 billion, up 3.5% from $29.8 billion in the year-ago quarter; net income was $4.9 billion, compared with $3.9 billion a year ago; and diluted earnings per share was $0.62, versus $0.49 in the year-ago quarter.

2. 02

   The company said cash from operating activities for Q2 2025 was $9.8 billion, compared with $9.1 billion a year ago, and free cash flow, which excludes cash flows from DIRECTV, was $4.4 billion, versus $4.0 billion in the year-ago quarter.

3. 03

   AT&T expects to realize cash tax savings of $6.5 to $8.0 billion during 2025-2027 from tax provisions in the One Big Beautiful Bill Act. The company intends to invest $3.5 billion of these savings into its network for fiber expansion and to contribute $1.5 billion of these savings to its employee pension plan by the end of 2026.

4. 04

   For the full year 2025, AT&T provided guidance for capital investment of $22 to $22.5 billion, free cash flow in the low-to-mid $16 billion range, adjusted EPS of $1.97 to $2.07, and share repurchases of $4 billion.

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Original filing

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