Pascal Desroches
Pascal Desroches announced his retirement as Senior Executive Vice President and Chief Financial Officer of AT&T Inc. (the “Company”), which will be effective as of December 31, 2026.
Highest-materiality recent filing
AT&T closes €4.1B and £550M multi-tranche global note offering
€1.0B 3.600% notes due 2030, €1.25B 4.150% notes due 2034, €1.0B 4.550% notes due 2038.
AT&T closes $23B spectrum acquisition from EchoStar; draws $14.5B in term loans
Acquired ~30 MHz of 3.45 GHz mid-band and ~20 MHz of 600 MHz low-band spectrum nationwide for ~$23B.
AT&T Q2 2026 EPS $0.66 beats $0.62 YoY; revenue $31.6B up 2.3%; accelerates buyback to ~$10B
Diluted EPS from continuing ops $0.66 (vs $0.62); adjusted EPS $0.65 (vs $0.54).
Pascal Desroches retires as SEVP and CFO effective Dec 31, 2026 after planned transition.
AT&T Q1 2026 EPS $0.54 vs $0.61 YoY; revenue $31.5B +2.9%; Advanced Connectivity margin 24.1%
Diluted EPS from continuing ops $0.54 vs $0.61 YoY; net income attr. to common $3.79B vs $4.40B.
AT&T Q1 2026 revenue $31.5B (+2.9% YoY), adj EPS $0.57, reaffirms guidance
Revenue $31.5B (+2.9% YoY); diluted EPS from cont ops $0.54 (down 11.5%), adjusted EPS $0.57 (up 11.8%).
AT&T Q4 2025 EPS $0.53, revenue up 3.6%; full-year EPS $3.04; board authorizes $10B buyback
Q4 net income attributable to common $3.75B ($0.53 diluted EPS) vs $4.03B ($0.56) YoY; revenue $33.5B (+3.6%).
AT&T Q4 revenue $33.5B, adjusted EPS $0.52, FCF $4.2B; meets 2025 guidance, new segment structure
Q4 diluted EPS $0.53 (GAAP) vs $0.56 prior year; adjusted EPS $0.52 vs $0.43 (up 20.9%).
AT&T enters $12B revolver and $17.5B term loan; funds may finance spectrum
New $12B revolver due Nov 2030, replaces 2022 facility; margin at 0.92% based on current BBB/Baa2/BBB+ ratings.
AT&T Q3 revenue $30.7B, adj EPS $0.54 flat; 405k postpaid adds, $23B spectrum deal
Revenue $30.7B (+1.6% YoY); GAAP EPS $1.29 includes DIRECTV sale gain, net income $9.7B.
AT&T acquires EchoStar spectrum licenses for ~$23B, boosting 5G and fiber capabilities
Total cash consideration ~$23B for 600 MHz and 3.45 GHz licenses covering virtually every U.S. market.
AT&T Q2 revenue $30.8B, EPS $0.62; 401K postpaid phone adds; tax savings $6.5-8B
Diluted EPS $0.62 vs $0.49 YoY; adjusted EPS $0.54 vs $0.51; net income $4.9B up 23%.
AT&T agrees to acquire Lumen's mass markets fiber business for $5.75B cash
Deal value $5.75B cash, acquiring ~1M fiber customers and >4M fiber locations across 11 states.
AT&T Q1 2025: revenue up 2% to $30.6B, GAAP EPS $0.61, adj EPS $0.51; reaffirms guidance
Revenue $30.6B (+2.0% YoY); GAAP diluted EPS $0.61 (vs $0.47), adjusted EPS $0.51 (vs $0.48).
AT&T Q4 2024 net income $4.0B ($0.56 EPS) vs $2.1B ($0.30); revenue $32.3B up 0.9%
Q4 net income attributable to common stock $4,031M ($0.56 diluted EPS), up from $2,135M ($0.30) in Q4 2023.
AT&T Q4 revenue $32.3B, EPS $0.56; adds 482K postpaid phone subs
Diluted EPS $0.56, adjusted EPS $0.54; net income $4.4B vs $2.6B YoY.
AT&T unveils strategic plan: fiber to 50M+ locations, $10B buyback, $40B+ returns
Targets 50M+ fiber locations; long-term guidance for sustained growth in service revenue, EBITDA, FCF, and adjusted EPS.
AT&T posts Q3 GAAP net loss of $226M on $4.4B impairment; adj. EPS $0.60
Revenue $30.2B flat YoY; GAAP diluted EPS $(0.03) vs $0.48; adjusted EPS $0.60.
AT&T sells remaining 70% DIRECTV stake to TPG for ~$7.6 billion in cash through 2029
Total expected cash payments of ~$7.6B: $1.7B pre-tax H2 2024, $5.4B after-tax in 2025, $0.5B final payment in 2029.
AT&T reports Q2 diluted EPS $0.49, adjusted EPS $0.57; revenue $29.8B, reaffirms FY guidance
Diluted EPS $0.49 (down 19.7% YoY); adjusted EPS $0.57; revenue $29.8B (down 0.4% YoY).
AT&T discloses breach of call logs for nearly all wireless customers, May-Oct 2022
Threat actor exfiltrated records of call/text interactions from May 1-Oct 31, 2022 and Jan 2, 2023.
AT&T Q1 EPS $0.47 vs $0.57; revenue $30.0B down 0.4% YoY
Net income $3.4B, down 18.7%; GAAP EPS $0.47 vs $0.57 YoY; $0.08/share in restructuring and impairment charges.
AT&T Q1 2024: EPS $0.47 adj. $0.55; FCF $3.1B up $2.1B YoY; 349k postpaid phone adds
Revenue $30.0B (-0.4% YoY); operating income $5.8B; net income $3.8B.
AT&T Q4 2023 EPS $0.30 vs loss year ago; revenue $32.0B (+2.2% YoY)
GAAP diluted EPS $0.30, full year $1.97; revenue Q4 $32.0B (+2.2%), full year $122.4B (+1.4%).
AT&T Q4 revenue $32.0B (+2.2% YoY), free cash flow $6.4B; full-year FCF $16.8B exceeds guidance
Q4 revenue $32.0B (+2.2% YoY); full-year revenue $122.4B (+1.4% YoY).
Net income from continuing ops of $3.8B vs $6.3B a year ago; diluted EPS $0.48 vs $0.79; included $(0.16)/sh of significant items.
AT&T Q3 revenue $30.4B (+1% YoY); raises FY FCF guidance to ~$16.5B
Revenue $30.4B (+1% YoY); operating cash flow $10.3B (+2.4% YoY); FCF $5.2B (+$1.3B YoY).
AT&T Q2 2023: Revenue $29.9B (+0.9%), EPS $0.61; Issued $2B Preferred
Q2 2023 revenue $29.9B, up 0.9% YoY; operating income $6.4B, up 29.3%.
AT&T Q2 revenue $29.9B (+0.9% YoY), EPS $0.61 (+8.9%), raises cost savings target
Revenue $29.9B (+0.9% YoY); operating income $6.4B (+29.3%); diluted EPS $0.61 (+8.9%).
AT&T transfers ~$8B in pension obligations to Athene for 96,000 participants
Closed commitment agreement with Athene to transfer defined benefit pension obligations for approx. 96,000 participants.
AT&T transfers ~$8.05B pension obligations to Athene via group annuity contract
Agreement with Athene subsidiaries effective April 26, 2023; covers certain retirees and beneficiaries.
AT&T Q1 EPS $0.57 vs $0.65 YoY; revenue up 1.4% to $30.1B
Diluted EPS from continuing ops $0.57 vs $0.65 YoY; net income $4.45B down 13.5%.
AT&T Q1 revenue $30.1B, diluted EPS $0.57 vs $0.65; adds 424k postpaid phone subs
Revenue $30.1B (+1.4% YoY); net income $4.23B (-12.1%); diluted EPS $0.57 vs $0.65.
AT&T sells $4.25B fiber asset interests, repurchases $5.4B preferred interests
Sold Class A-2 limited membership interests in AT&T Fiber Investment for $4.25B via private placement to MUFG, Mizuho, Sumitomo Mitsui, Commerzbank.
Pascal Desroches announced his retirement as Senior Executive Vice President and Chief Financial Officer of AT&T Inc. (the “Company”), which will be effective as of December 31, 2026.
Ms. Biry will assume the role of Senior Executive Vice President and Chief Financial Officer as of January 1, 2027.
the Company appointed Jennifer Biry as Deputy Chief Financial Officer, effective as of July 6, 2026.
On March 1, 2024, the Board of Directors (the “Board”) of AT&T Inc. increased the size of the Board from 10 to 11 members and elected Marissa A. Mayer as a Director to fill the resulting vacancy, effective immediately.
On January 27, 2023, Debra L. Dial announced her intention to retire as Senior Vice President - Chief Accounting Officer and Controller of AT&T Inc. (the “Company”) effective March 31, 2023.
On the same day, the Board of Directors of the Company appointed Sabrina Sanders to replace Ms. Dial as the Company’s Senior Vice President – Chief Accounting Officer and Controller effective April 1, 2023.
On June 30, 2022, AT&T Inc., a Delaware corporation (the “Company”), appointed Debra L. Dial to the position of Senior Vice President - Chief Accounting Officer and Controller, and Ms. Dial assumed the responsibilities of principal accounting officer.
On June 30, 2022, AT&T Inc., a Delaware corporation (the “Company”), appointed Debra L. Dial to the position of Senior Vice President - Chief Accounting Officer and Controller, and Ms. Dial assumed the responsibilities of principal accounting officer.
Samuel A. Di Piazza, Jr., Debra L. Lee and Geoffrey Y. Yang will resign from their respective positions as directors of AT&T effective as of immediately following the Effective Time, subject to and conditioned upon the occurrence of the consummation of the Transactions and being appointed to the WBD Board.
Samuel A. Di Piazza, Jr., Debra L. Lee and Geoffrey Y. Yang will resign from their respective positions as directors of AT&T effective as of immediately following the Effective Time, subject to and conditioned upon the occurrence of the consummation of the Transactions and being appointed to the WBD Board.
Samuel A. Di Piazza, Jr., Debra L. Lee and Geoffrey Y. Yang will resign from their respective positions as directors of AT&T effective as of immediately following the Effective Time, subject to and conditioned upon the occurrence of the consummation of the Transactions and being appointed to the WBD Board.
Max materiality 0.90 · Median 0.72 · Most common event earnings