AT&T reported Q2 revenue of $31.6 billion and announced a $10 billion share buyback, as CEO Stankey dismissed satellite competition risks.
AT&T CEO John Stankey said the company’s decades-long infrastructure advantage makes it resilient against emerging satellite competitors like SpaceX’s Starlink. He acknowledged new entrants but emphasized the difficulty of catching up in telecom, where parity requires massive investment over years.
The company posted Q2 revenue of $31.6 billion, a 2.3% year-over-year increase, and unveiled a $10 billion share buyback program for 2026. Shares closed at $24.13 on Friday, up 5.10% following the earnings release.
Stankey’s comments underscored confidence in AT&T’s market position, framing satellite competition as a latecomer to an established industry. The buyback announcement further signaled financial strength amid competitive pressures.