ADT · ADT Inc.

ADT Inc. reported solid first quarter 2026 results, with total revenue increasing 1% to $1.3 billion, driven by higher average pricing in monitoring and related services and a shift to outright sales in security installation. GAAP income from continuing operations rose 19% to $169 million, benefiting from a legal settlement recovery and lower net interest expense due to decreased unrealized losses on interest rate swaps, partially offset by higher allowance for credit losses. Adjusted income from continuing operations grew 3% to $191 million, and adjusted EPS increased 10% to $0.23, aided by lower share count from repurchases. Cash generation was strong: operating cash flow rose 37% to $638 million, and adjusted free cash flow (including swaps) surged 83% to $414 million, driven by lower cash interest and timing of disbursements. The company returned $161 million to shareholders through $116 million in share repurchases (18 million shares) and $45 million in dividends. Management highlighted the acquisition of Origin AI for ambient sensing, launch of Live Light and MySafety, and continued rollout of the ADT+ platform. The full-year 2026 outlook remains unchanged, expecting adjusted free cash flow growth of approximately 20% with revenue and adjusted EPS roughly flat, reflecting disciplined subscriber acquisition spending and planned investments. The board declared a $0.055 per share dividend payable July 7, 2026.