How many shares did ADT repurchase in the first half of 2026?

ADT repurchased and retired a total of 86 million shares during the first six months of 2026, returning $684 million in combined share repurchases and dividends to shareholders. In Q2 alone, the company repurchased 68 million shares for $478 million, including 29 million shares acquired through a secondary offering by shareholder Apollo.

What authorization amount remains for future ADT buybacks?

As of June 30, 2026, ADT had $906 million remaining available under its current share repurchase authorization. This provides substantial capacity for continued capital returns in the second half of 2026 and beyond, contingent on cash generation and leverage targets.

Did the buybacks impact ADT's earnings per share?

Yes. The reduction in weighted-average diluted shares outstanding—from 840 million in Q2 2025 to 765 million in Q2 2026—provided mechanical EPS accretion. Management noted that 'earnings per share metrics benefited from a lower weighted-average diluted share count as a result of share repurchases.'

What was the average price ADT paid per share in the first half?

Based on the disclosed repurchases of 86 million shares for $684 million, the average price paid was approximately $7.95 per share during the first half of 2026.

Why did ADT increase its buyback activity in Q2 2026?

ADT management cited 'strong cash generation' and 'disciplined approach to capital allocation' as drivers of elevated repurchases. The company sought to return significant capital while maintaining its balance sheet health, as evidenced by the raised full-year guidance and continued investments in growth initiatives such as ADT+ platform expansion and AI-powered customer service.

ADT 8-K Filed 2026-07-30 Execution disclosure

ADT repurchased 86M shares for $684M in first half 2026

Security provider aggressively returned capital to shareholders while maintaining balance sheet, with $906M remaining under current authorization

Shares repurchased86.0M

Avg price paid$7.95

Remaining$906M

MechanismRule 10b-18 open-market purcha

What the filing says

ADT Inc. repurchased 86 million shares of common stock for $684 million in combined share repurchases and dividends during the first half of 2026, according to the company's second-quarter earnings release filed July 30, 2026. In Q2 alone, ADT repurchased and retired 68 million shares for $478 million, including 29 million shares acquired in connection with a secondary offering by shareholder Apollo Global Management.

The company executed buybacks through standard open-market mechanisms and returned significant capital to shareholders as part of a disciplined capital allocation strategy. ADT's strong cash generation—with operating cash flows up 18% year-over-year to $666 million in Q2 and Adjusted Free Cash Flow (including interest rate swaps) up 48% to $406 million—provided the financial capacity for elevated repurchases. CEO Jim DeVries cited "strong cash generation supported significant capital returns to shareholders, including elevated share repurchases, underscoring our disciplined approach to capital allocation."

As of June 30, 2026, ADT had $906 million remaining available for future repurchases under its current authorization. The company also declared a quarterly cash dividend of $0.055 per share, payable October 1, 2026. The reduced share count contributed to EPS metrics, with weighted-average diluted shares outstanding declining to 765 million in Q2 2026 from 840 million in the prior-year period.

During the second quarter, the Company repurchased and retired 68 million shares of its common stock for an aggregate price of $478 million, including 29 million shares repurchased in connection with a secondary offering of 102 million shares of common stock by Apollo. Through the end of the second quarter, the Company has repurchased 86 million shares returning $684 million to shareholders through share repurchases and dividends. As of June 30, 2026, the Company has $906 million remaining available for repurchases. — ADT Inc. 8-K filing · View on SEC EDGAR →

What this means

ADT's first-half buyback activity of 86 million shares (7.5% of shares outstanding at year-end 2025) demonstrates the company's commitment to capital returns during a period of strong operational cash generation. The $684 million returned—split between repurchases and dividends—represents a meaningful deployment of capital, reducing the outstanding share count and mechanically benefiting earnings per share. With $906 million in remaining authorization, ADT retains substantial dry powder for continued repurchases, though the pace will likely depend on cash generation and leverage management going forward. The company's raise of full-year adjusted free cash flow guidance to approximately 30% growth suggests potential for sustained buyback activity in the second half.

Frequently asked questions

How many shares did ADT repurchase in the first half of 2026?: ADT repurchased and retired a total of 86 million shares during the first six months of 2026, returning $684 million in combined share repurchases and dividends to shareholders. In Q2 alone, the company repurchased 68 million shares for $478 million, including 29 million shares acquired through a secondary offering by shareholder Apollo.
What authorization amount remains for future ADT buybacks?: As of June 30, 2026, ADT had $906 million remaining available under its current share repurchase authorization. This provides substantial capacity for continued capital returns in the second half of 2026 and beyond, contingent on cash generation and leverage targets.
How did ADT fund its buyback activity?: ADT's elevated repurchase activity was supported by strong operational cash flow, which increased 18% year-over-year to $666 million in Q2 2026, and Adjusted Free Cash Flow (including interest rate swaps) up 48% to $406 million. The company also raised full-year adjusted free cash flow guidance to approximately 30% growth, indicating ongoing cash-generation capacity.
Did the buybacks impact ADT's earnings per share?: Yes. The reduction in weighted-average diluted shares outstanding—from 840 million in Q2 2025 to 765 million in Q2 2026—provided mechanical EPS accretion. Management noted that 'earnings per share metrics benefited from a lower weighted-average diluted share count as a result of share repurchases.'
What was the average price ADT paid per share in the first half?: Based on the disclosed repurchases of 86 million shares for $684 million, the average price paid was approximately $7.95 per share during the first half of 2026.
Why did ADT increase its buyback activity in Q2 2026?: ADT management cited 'strong cash generation' and 'disciplined approach to capital allocation' as drivers of elevated repurchases. The company sought to return significant capital while maintaining its balance sheet health, as evidenced by the raised full-year guidance and continued investments in growth initiatives such as ADT+ platform expansion and AI-powered customer service.

execution mega-cap industrials rule-10b-18 capital-return cash-generation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.