BTwatch

BT guidance: toned down but on track

2026-08-07T11:48:00

btw377-q1 guidance

Source: BT

Q1 FY26–27 guidance: BT resets near- and mid-term forecasts after ‘discontinuing’ hived-off BT International, with the division’s long-time drag meaning its disappearance is barely noticed on the earnings front (more so on revenue). CEO says the Group remains ‘on track’, albeit with a knock this FY.

This article includes:

  • Themes: Business-to-business (B2B); Capital expenditure (Capex); Cost transformation; Free cash flow (FCF); International divestment; Portfolio simplification; Telecom restructuring; UK-focused strategy.
  • Events: BT Q1 FY26–27 earnings.
  • People: Allison Kirkby.
  • Geographic: United Kingdom (UK).
  • Organisations: BT Group; BT International; Verizon.

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