Pascal Desroches to Update Shareholders at Mizuho Technology Conference on June 9

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Positive)

Rhea-AI Summary

AT&T (NYSE:T) CFO Pascal Desroches will speak at the 2026 Mizuho Technology Conference on June 9 at 9:00 a.m. ET, providing a shareholder update.

AT&T reiterates its 2026 and multi-year financial guidance, capital return plans, and second-quarter 2026 outlook, including free cash flow of $4.0–$4.5 billion.

AI-generated analysis. Not financial advice.

Key Figures

Shareholder returns: $45 billion+ Free cash flow: $4.0–$4.5 billion Leverage target: 2.5x +3 more

6 metrics

Shareholder returns $45 billion+ Planned dividends and repurchases during 2026–2028

Free cash flow $4.0–$4.5 billion Expected Q2 2026 free cash flow range

Leverage target 2.5x Net debt-to-adjusted EBITDA ratio target range

Deleveraging timeline Approximately three years Expected time to reach leverage target post EchoStar closing

Guidance horizon Through 2028 Outlook for adjusted EBITDA, EPS and free cash flow

Event time 9:00 a.m. ET Scheduled start of Mizuho Technology Conference fireside chat

Market Reality Check

Price: $22.75 Vol: Volume 41,841,115 is effe...

normal vol

$22.75 Last Close

Volume Volume 41,841,115 is effectively in line with the 20-day average of 41,693,656. normal

Technical Shares at $22.50 are trading below the 200-day moving average of $26.31 and near the 52-week low of $22.33.

Peers on Argus

AT&T fell 0.9% while key peers were mixed: TMUS +0.46%, VZ +0.31%, CMCSA flat, A...

AT&T fell 0.9% while key peers were mixed: TMUS +0.46%, VZ +0.31%, CMCSA flat, AMX -0.88%, CHTR +1.79%, pointing to a stock-specific move despite sector newsflow.

Historical Context

5 past events · Latest: 2026-06-03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-06-03	Marketing campaign	Positive	-4.4%	Launch of Disney and Pixar "Toy Story 5" themed customer campaign and experiences.
2026-06-03	Product pricing update	Positive	-4.4%	Streamlined fiber plans and new bundled offers targeting faster speeds and savings.
2026-05-29	Earnings date notice	Neutral	-1.0%	Announcement of Q2 2026 earnings release and conference call logistics.
2026-05-28	Partnership expansion	Positive	-0.0%	Expansion of Wiliot Physical AI collaboration across enterprise supply chains on AT&T’s network.
2026-05-27	Conference webcast	Positive	-0.5%	Planned Mizuho conference fireside chat reiterating multi-year guidance and cash flow targets.

Pattern Detected

Recent positive or marketing-focused announcements have often coincided with negative next-day price moves, suggesting a pattern of selling into good news.

Recent Company History

Over the last few weeks, AT&T has issued several updates spanning marketing, product, and investor communications. A Disney and Pixar "Toy Story 5" campaign and new simplified fiber plans coincided with -4.42% price moves. Operationally focused items such as the Wiliot Physical AI partnership, the prior Mizuho conference webcast guidance reiteration, and the upcoming Q2 July 22, 2026 earnings date also saw modest declines. Today’s reiteration of multi-year financial guidance at the Mizuho conference fits this pattern of fundamentally supportive news alongside subdued price performance.

Market Pulse Summary

This announcement reiterates AT&T’s multi-year strategy, including improved adjusted EBITDA and EPS ...

Analysis

This announcement reiterates AT&T’s multi-year strategy, including improved adjusted EBITDA and EPS growth, higher free cash flow through 2028, and plans to return over $45 billion to shareholders from 2026–2028. It also reaffirms expectations for $4.0–$4.5 billion of Q2 2026 free cash flow and a net debt-to-adjusted EBITDA ratio near 2.5x within about three years. Investors may watch upcoming earnings, cash generation, and leverage reduction versus these stated targets.

Key Terms

adjusted ebita, adjusted eps, free cash flow, net debt-to-adjusted ebita ratio, +1 more

5 terms

adjusted ebita financial

"This includes the Company's outlook for improved growth in adjusted EBITDA and adjusted EPS"

Adjusted EBITA is a measure of a company’s operating profit before interest, taxes and amortization, further modified to remove one-time or unusual items so it reflects ongoing business earnings. It matters to investors because it aims to show the company’s core cash-making ability — like listening to an engine without road noise — making comparisons across periods or peers easier, though companies may differ in what they exclude.

adjusted eps financial

"This includes the Company's outlook for improved growth in adjusted EBITDA and adjusted EPS"

Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.

free cash flow financial

"and higher free cash flow through 2028, its plans to return $45 billion+"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

net debt-to-adjusted ebita ratio financial

"expectation that its net debt-to-adjusted EBITDA ratio will return to a level"

Net debt-to-adjusted EBITA ratio compares a company’s borrowings minus cash (net debt) to its core operating profit after routine adjustments (adjusted EBITA), showing how many years of that profit would be needed to pay off debt. Investors use it like a debt-to-income check for a household: a lower ratio suggests the company can comfortably handle its debt, while a higher ratio signals greater financial risk or tighter flexibility.

AI-generated analysis. Not financial advice.

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06/08/2026 - 05:30 PM

Tomorrow, AT&T's Chief Financial Officer will participate in a fireside chat at 9:00 a.m. ET to discuss the Company's progress on its multi-year growth strategy

Key Takeaways:

AT&T reiterates all 2026 and multi-year financial and operational guidance and capital return plans shared during its first-quarter 2026 results
AT&T to webcast fireside chat with Pascal Desroches at the 2026 Mizuho Technology Conference

DALLAS, June 8, 2026 /PRNewswire/ -- Pascal Desroches, Chief Financial Officer, AT&T (NYSE:T), will speak tomorrow at the Mizuho Technology Conference where he will provide an update to shareholders.

AT&T remains on track to achieve its 2026 and multi-year financial guidance
AT&T maintains the long-term outlook and capital allocation plans provided with its first-quarter 2026 results. This includes the Company's outlook for improved growth in adjusted EBITDA and adjusted EPS and higher free cash flow through 2028, its plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of its transaction with EchoStar.

For the second quarter of 2026, AT&T continues to expect improved year-over-year growth in wireless service revenue compared to year-over-year growth reported in the first quarter of 2026. The Company also expects continued momentum with converged offers and expects year-over-year improvement in advanced home internet net adds. Additionally, AT&T continues to expect improved year-over-year growth in consolidated adjusted EBITDA compared to year-over-year growth reported in the first quarter of 2026. The Company also continues to expect second-quarter free cash flow in the range of $4.0 to $4.5 billion.

Conference details and more are available on the AT&T Investor Relations website
To hear more, tune into the fireside chat with Pascal Desroches at the Mizuho Technology Conference, scheduled to begin at 9:00 a.m. ET. The webcast will be available live and for replay on the AT&T Investor Relations website.

To automatically receive AT&T financial news by email, please subscribe to email alerts.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the Company's website at investors.att.com. Free cash flow estimates depend on predictions of items that impact cash from operating activities, capital expenditures and vendor financing payments which are not reasonably estimable at this time. Net debt and adjusted EBITDA estimates depend on future levels of revenues, expenses and other metrics which are not reasonably estimable at this time. Accordingly, the Company cannot provide reconciliations between projected free cash flow and projected net debt-to-adjusted EBITDA and the most comparable GAAP metrics and related ratios without unreasonable effort.

(PRNewsfoto/AT&T Communications)

View original content to download multimedia:https://www.prnewswire.com/news-releases/pascal-desroches-to-update-shareholders-at-mizuho-technology-conference-on-june-9-302794397.html

SOURCE AT&T

FAQ

What will AT&T (NYSE:T) discuss at the Mizuho Technology Conference on June 9, 2026?

AT&T will discuss progress on its multi-year growth strategy and updated outlook. According to AT&T, CFO Pascal Desroches will address financial guidance, capital allocation plans, and key operating trends in wireless service revenue, home internet, and adjusted EBITDA performance.

What financial guidance did AT&T (NYSE:T) reaffirm ahead of the June 9, 2026 Mizuho fireside chat?

AT&T reaffirmed all 2026 and multi-year financial and operational guidance and capital return plans. According to AT&T, this includes expectations for improved adjusted EBITDA and adjusted EPS growth and higher free cash flow extending through 2028 compared with prior periods.

How much does AT&T (NYSE:T) plan to return to shareholders from 2026 to 2028?

AT&T plans to return over $45 billion to shareholders during 2026–2028 via dividends and share repurchases. According to AT&T, this capital return plan is part of its long-term outlook and capital allocation strategy shared with first-quarter 2026 results.

What is AT&T’s (NYSE:T) second-quarter 2026 free cash flow outlook?

AT&T expects second-quarter 2026 free cash flow between $4.0 billion and $4.5 billion. According to AT&T, this outlook is paired with anticipated improved year-over-year consolidated adjusted EBITDA growth versus the first quarter’s year-over-year performance comparison.

How does AT&T (NYSE:T) expect its leverage to change after the EchoStar transaction?

AT&T expects its net debt-to-adjusted EBITDA ratio to return to the 2.5x target range within about three years after closing the EchoStar transaction. According to AT&T, this aligns with its long-term capital allocation and balance sheet objectives.

What operational trends does AT&T (NYSE:T) forecast for Q2 2026 wireless and home internet?

AT&T expects improved year-over-year wireless service revenue growth versus first-quarter 2026 growth. According to AT&T, it also anticipates continued momentum in converged offers and year-over-year improvement in advanced home internet net additions for the second quarter of 2026.

How can investors watch AT&T’s Mizuho Technology Conference fireside chat on June 9, 2026?

Investors can watch the fireside chat via a live webcast on AT&T’s investor relations website. According to AT&T, the webcast, starting at 9:00 a.m. ET, will also be available for replay for later viewing.