09:29 AM EDT, 07/23/2025 (MT Newswires) -- AT&T ( T ) reported second-quarter results above Wall Street's estimates on Wednesday, while the telecommunications giant said it expects to save up to $8 billion through 2027 due to the Trump administration's new tax law.

The company posted adjusted earnings of $0.54 a share for the June quarter, up from $0.51 the year before and topping the FactSet-polled consensus of $0.53. Operating revenue improved 3.5% to $30.85 billion, above the Street's view for $30.46 billion.

"We are winning in a highly competitive marketplace," Chief Executive John Stankey said in a statement. "Customers are increasingly choosing AT&T ( T )."

AT&T ( T ) added 401,000 net postpaid phone subscribers in the quarter, down from 419,000 a year ago, but ahead of the average analyst estimate on FactSet for 302,600. In the previous quarter, the company logged additions of 324,000 subscribers, according to an earnings presentation.

Earlier in the week, rival Verizon Communications (VZ) said it lost 9,000 net retail postpaid phone subscribers in the second quarter, compared with 26,000 additions in the prior-year period.

AT&T ( T ) said it expects between $6.5 billion and $8 billion in cash tax savings from 2025 through 2027 due to the provisions in US President Donald Trump's bill on tax cuts and spending, signed into law earlier this month.

The company plans to invest $3.5 billion of these savings to accelerate work on its fiber network build-out to a pace of four million locations per year by the end of 2026.

Communications revenue inclined 3.9% to $29.7 billion in the second quarter as growth in mobility and consumer wireline helped offset a decline in business wireline. Within mobility, service and equipment revenue advanced amid subscriber gains and higher sales volume of wireless devices.

For 2025, the company continues to project adjusted EPS to be in a range of $1.97 to $2.07, while the Street is looking for $2.07. It also reiterated its guidance for low single-digit service revenue growth.

Mobility service revenue is now expected to rise by 3% or above for the current year, versus the previous guidance for the metric to increase at the higher end of a 2% to 3% growth range. Consumer fiber broadband revenue is now pegged to grow in the mid-to-high teens range, compared with prior expectations for a mid-teens gain.

AT&T ( T ) also reiterated its long-term outlook for adjusted EPS to accelerate to double-digit growth in 2027.