Base6Base 6GAAP revenue YoY +3.62% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. AT&T is a telecom — not in Sector Rules Table.+EPS-1EPS -1GAAP EPS YoY -7.14% ($0.52 vs $0.56). EPS spread = -7.14 - 3.62 = -10.76pp (outside ±5pp negative). OI YoY -3.53%, OI spread = -3.53 - 3.62 = -7.15pp (outside ±5pp negative, same direction as EPS). Both outside ±5pp in same negative direction → -1 stands. Note: management reported adjusted EPS up 20%+ driven by lower-than-expected effective tax rate (below-the-line benefit, not operational). DIRECTV was sold in 2025, removing equity income from prior-year comparisons, which also distorts GAAP EPS. OI is the cleanest operational measure and confirms the -1 adjustment.+Guidance+1Guidance +1Comprehensive new 3-year guidance framework through 2028: EBITDA 3-4% growth in 2026 improving to 5%+ in 2028, adj EPS $2.25-$2.35 (vs $2.12 actual, +6-11%), double-digit 3-year EPS CAGR, FCF $18B+ (vs $16.6B), $45B+ shareholder returns. Major new forward-year guidance on accelerating growth metrics → +1.=Final6