| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | October 21, 2026 | 8/12 | 2 high, 4 medium, 3 low flags | 2 | 0 | Call sheet → |
| Q2'26 | July 22, 2026 | 9/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Q1'26 | April 22, 2026 | 9/12 | 4 medium, 4 low flags | 2 | 0 | Call sheet → |
| Q4'25 | January 28, 2026 | 12/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Pending | Advanced Connectivity business service revenues to grow at a low single-digit CAGR through 2028 Multi-year target not due; this quarter's 2.5% YoY business growth figure is consistent directionally but management did not explicitly reaffirm the CAGR framing. |
| Q3'26 | Pending | By next year, satellite (AST SpaceMobile) will have solved the ~2% 'walk off network' corner case Deadline (next year) not yet reached; notably this specific commitment and partner name were not repeated on this call, which replaced it with generic Leo commentary. Unverified whether the AST-specific timeline still holds. |
| Q3'26 | Pending | FY Advanced Connectivity service revenue growth 5%+ and EBITDA growth 6%+ FY not ended; reiterated this quarter. |
| Q3'26 | Pending | ~$10 billion of share repurchases targeted for 2026 FY not ended; reiterated this quarter, with over $7B repurchased through Q3. |
| Q3'26 | Pending | FY2026 FCF $18B+ and capex $23-24B FY not ended; reiterated verbatim this quarter. |
| Q3'26 | Pending | By end of year, expect a couple hundred wire centers to have zero customers FY not yet ended; current call states "more than 100 wire centers" with no customers as of Q3, tracking but not yet confirmed at the "couple hundred" bar. |
| Q3'26 | Delivered | EchoStar spectrum transaction expected to close by end of July Confirmed closed; net debt/EBITDA jumped to 3.13x reflecting the $23B EchoStar purchase at end of July. |
| Q3'26 | Delivered | Expect free cash flow to be relatively stable YoY in Q3 Q3 FCF came in at ~$5.0B, described as essentially stable vs Q3 2025. |
| Q2'26 | Pending | $18B+ free cash flow for full year Q2 at $4.7B, on track but needs strong Q4 |
| Q2'26 | Delivered | Close Lumen transaction and begin integration Closed ahead of schedule, already seeing 45% convergence rate in acquired territories |
| Q2'26 | Delivered | 5%+ Advanced Connectivity service revenue growth Hit 5.1% in Q2, accelerating from 3.6% in Q1 |
| Q2'26 | Delivered | Improved fiber net adds as deployment accelerates Best ever Q2 for fiber, though they stopped disclosing the actual number |
| Q2'26 | Exceeded | Advanced Connectivity business revenues to stabilize Not just stable but growing 1.8% YoY, first positive print |
| Q2'26 | Delivered | Accelerated growth in Q2 Service revenue growth accelerated 130 bps, EBITDA growth up 290 bps |
| Q1'26 | Pending | Return $45B+ to shareholders through 2028 Returned $4.3B in Q1, maintaining pace with ~$8B annual buyback plan |
| Q1'26 | Delivered | Close Lumin and EchoStar transactions in early 2026 Lumin closed in February ahead of schedule, EchoStar closing expected shortly |
| Q1'26 | Pending | $18B+ free cash flow in 2026 Q1 at $2.5B, high end of $2-2.5B Q1 guidance, Q2 guided to $4-4.5B |
| Q1'26 | Pending | Fiber reach to grow by 8M locations in 2026 Includes 4M+ from Lumin acquisition, on track with deployment pace |
| Q1'26 | Pending | 3-4% consolidated adjusted EBITDA growth in 2026 Q1 at 2.3% but guided to acceleration in Q2, still within annual range |
| Q1'26 | Delivered | Low single-digit CAGR for business service revenues through 2028 Advanced Connectivity business revenues stabilized for first time ever, ahead of schedule |
| Q1'26 | Pending | 5G+ deployment reaching 60M+ locations by end of decade On track with 37M currently reached, maintaining timeline |
| Q4'25 | Exceeded | Return significant capital to shareholders through dividends and buybacks Returned $12B+ vs 50% increase from 2024, exceeded $4B buyback target |
| Q4'25 | Delivered | Continue expanding fiber footprint and convergence rates Reached 32M locations passed, convergence rate hit 42% with fastest annual increase on record |
| Q4'25 | Exceeded | Deploy EchoStar 3.45 GHz spectrum quickly after acquisition Already deployed to nearly two-thirds of US population by mid-November under lease agreement |
| Q4'25 | Pending | Close EchoStar and Lumen transactions in early 2026 Now expect both to close 'early this year' and Lumen 'in short order' - increased confidence |
| Q4'25 | Exceeded | Continue fiber and fixed wireless subscriber growth momentum Delivered highest broadband net adds in 8+ years with 875K Internet Air adds vs prior year targets |
| Q4'25 | Delivered | Meet or exceed all 2025 consolidated financial guidance Pascal confirmed met or exceeded all full-year guidance including EPS at high end of range |
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