EX-99.1

2 t-3q2026exhibit991.htm

EX-99.1 AT&T INC. PRESS RELEASE 3RD QUARTER 2026

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AT&T Delivers Strong Third-Quarter 2026 Results with Its Best Consolidated Service Revenue Growth in More Than Four Years

AT&T added more than 1 million Advanced Connectivity customers for a second consecutive quarter, driven by net adds across fiber, fixed wireless, and postpaid phone

AT&T updates outlook to reflect higher 2026 adjusted EPS* and lower long-term capital investment while remaining on track to reach more than 60 million locations with fiber by end of 2030

DALLAS, October 21, 2026 — AT&T Inc. (NYSE: T) reported third-quarter results, extending the momentum of its investment-led strategy as it delivers advanced connectivity to more consumers and businesses. The Company achieved a record quarter for Advanced Connectivity internet net adds and grew its base of high-value converged relationships by approximately 350,000. The results demonstrate the value of AT&T’s differentiated fiber and 5G portfolio as it continues to accelerate growth in consolidated service revenue and improve operating efficiency, driving durable long-term profitability.

"We are growing valuable customer relationships as more homes and businesses choose AT&T for all their advanced connectivity needs across both internet and on-the-go wireless," said John Stankey, AT&T Chairman and CEO. "Our asset base positions us well for the AI era, with a leading position in fiber – the best technology available. We’re building the nation’s strongest network, backed by America’s Best Guarantee, to deliver faster, more reliable and more accessible connectivity."

Third-Quarter 2026 Consolidated Financial Results1

•Revenues totaled $32.3 billion, up 5.3% year over year

•Diluted EPS from continuing operations was $0.13, which includes a non-cash impairment charge associated with the Company's held-for-sale Mexico wireless business as well as employee separation charges, versus $1.29 in the year-ago quarter, which included a gain recognized on the sale of the DIRECTV investment; adjusted EPS* was $0.65, versus $0.54 in the year-ago quarter

•Operating income was $4.1 billion; adjusted operating income* was $7.6 billion

•Income from continuing operations was $1.3 billion, adjusted EBITDA* was $12.5 billion, up 5.4% year over year

•Cash from operating activities from continuing operations was $10.5 billion, versus $10.2 billion in the year-ago quarter

•Capital expenditures related to continuing operations were $5.1 billion; capital investment* was $5.6 billion

•Free cash flow* was $5.0 billion, versus $4.9 billion in the year-ago quarter

* Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the “Non-GAAP Measures and Reconciliations to GAAP Measures” section of the release and at investors.att.com.

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Third-Quarter 2026 Highlights

•Second consecutive quarter with over 1 million Advanced Connectivity customer additions, driven by accelerated internet net adds and solid postpaid phone net adds

•Advanced Connectivity service revenue of $23.9 billion, up 6.1% year over year

•Advanced Connectivity operating income of $7.6 billion, up 18.9% year over year with EBITDA* of $12.3 billion, up 7.3%

•42.8% of households with AT&T's advanced home internet services also chose AT&T wireless2

•769,000 total consumer and business Advanced Connectivity internet net adds, a record quarter, including 442,000 fiber and 327,000 fixed wireless

•379,000 postpaid phone net adds with postpaid phone churn of 0.92%

•Reached more than 39 million total consumer and business locations with fiber; the Company remains on track to reach over 40 million total fiber locations by the end of 2026 and more than 60 million locations by the end of 20303

•Returned approximately $4.8 billion to shareholders, including $2.8 billion in common share repurchases

Financial Outlook and Capital Allocation Plan

AT&T is increasing its outlook for 2026 adjusted EPS* and lowering its long-term outlook for capital investment. AT&T maintains its long-term outlook for improved growth in adjusted EBITDA* and adjusted EPS* and higher free cash flow* through 2028, its plans to return $45 billion+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio* will return to a level consistent with its target in the 2.5x range during 2029.

AT&T's long-term outlook is presented on a continuing operations basis and, for 2027-2028, excludes AT&T Mexico, which it has agreed to sell to Grupo Televisa and Fintech Holdings.

The Company’s long-term outlook for 2026-2028 includes4:

•Service revenue growth in the low-single-digit range annually

◦Advanced Connectivity service revenue growth in the mid-single-digit ra