as of 08-24-2026 3:59pm EST
The wireless business contributes nearly 70% of AT&T's revenue. The company is the third-largest US wireless carrier, connecting 74 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 14% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 11% of revenue, primarily consist of in-home broadband internet access, serving 15 million customers. AT&T also has a sizable presence in Mexico, with 25 million wireless customers, but this business only accounts for 3% of revenue. The company recently sold its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
| Founded: | N/A | Country: | United States |
| Employees: | 268000 | City: | DALLAS |
| Market Cap: | N/A | IPO Year: | 2015 |
| Target Price: | N/A | AVG Volume (30 days): | 98.0K |
| Analyst Decision: | N/A | Number of Analysts: | N/A |
| Dividend Yield: | N/A | Dividend Payout Frequency: | quarterly |
| EPS: | 1.20 | EPS Growth: | 104.03 |
| 52 Week Low/High: | $19.27 - $24.10 | Next Earning Date: | N/A |
| Revenue: | $125,648,000,000 | Revenue Growth: | 2.71% |
| Revenue Growth (this year): | N/A | Revenue Growth (next year): | N/A |
| P/E Ratio: | 16.23 | Index: | N/A |
| Free Cash Flow: | 19.6B | FCF Growth: | N/A |
SEC 8-K filings with transcript text
Jul 22, 2026 · 100% conf.
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2 t-2q2026exhibit991.htm
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AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
AT&T adds more than 1 million Advanced Connectivity customers, driven by year-over-year increases in net adds across fiber, fixed wireless, and postpaid phone subscribers
The Company reiterates all consolidated full-year 2026 and multi-year financial guidance and multi-year capital return plans, with accelerated pace of share repurchases in 2026
DALLAS, July 22, 2026 — AT&T Inc. (NYSE: T) reported strong second-quarter results, driven by consistent execution of the Company’s investment-led strategy, demonstrating improved growth in consolidated service revenue and profitability. The Company continues to grow its base of high-value converged customers as it delivered a record quarter for combined fiber and fixed wireless net adds and its strongest consumer postpaid wireless account growth in more than three years.
"The accelerated growth we delivered this quarter shows our structural advantages to lead the next era of connectivity," said John Stankey, AT&T Chairman and CEO. "We are accelerating the pace of our planned share repurchases this year to approximately $10 billion, reflecting our confidence in our market position. With an industry-leading position in fiber – the best connectivity technology available – we believe our network performance and operating scale can't be matched."
Second-Quarter Consolidated Results1
•Revenues totaled $31.6 billion, up 2.3% from the year-ago quarter
•Diluted EPS from continuing operations was $0.66, versus $0.62 in the year-ago quarter; adjusted EPS* was $0.65, versus $0.54 in the year-ago quarter
•Operating income was $7.0 billion; adjusted operating income* was $7.5 billion
•Income from continuing operations was $5.0 billion, up 3.6% year over year; adjusted EBITDA* was $12.3 billion, up 5.2% year over year
•Cash from operating activities from continuing operations was $10.8 billion, versus $9.8 billion in the year-ago quarter
•Capital expenditures related to continuing operations were $5.7 billion; capital investment* was $6.1 billion
•Free cash flow* was $4.7 billion, versus $4.4 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.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
Second-Quarter Highlights
•Added over 1 million Advanced Connectivity customers, driven by year-over-year increases in net adds across fiber, fixed wireless, and postpaid phone subscribers
•Advanced Connectivity service revenue of $23.5 billion, up 5.1% year over year
•Advanced Connectivity operating income of $7.3 billion, up 20.3% year over year with EBITDA* of $12.0 billion, up 8.0%
•42.5% of households with AT&T's advanced home internet services also chose AT&T wireless2
•646,000 total consumer and business Advanced Connectivity internet net adds, including 367,000 fiber and 279,000 fixed wireless
•432,000 postpaid phone net adds with postpaid phone churn of 0.86%
•Added more than 1 million total consumer and business locations reached with fiber for a total of 38.6 million; the Company remains on track to reach over 40 million total fiber locations by the end of 2026 and more than 60 million by the end of 20303
•Returned $4.1 billion to shareholders, including approximately $2.2 billion in common share repurchases under the 2024 authorization
Outlook and Capital Allocation Plan
AT&T maintains its 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 within approximately three years following the closing of its transaction with EchoStar.
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 range annually, including expected growth of 5%+ in 2026
◦Legacy service revenue decline of 20%+ in 2026 and be immaterial by the end of 2029
•Adjusted EBITDA* growth in the 3% to 4% range in 2026, improving to 5% or better in 2028
◦Advanced Connectivity EBITDA* growth in the mid-to-high-single-digit range annually, including expected growth of 6%+ in 2026
◦Legacy EBITDA* expected to turn negative after 2027, until AT&T has substantially eliminated direct costs associated with operating its copper-based network5
•Adjusted EPS* of $2.25 to $2.35 in 2026 with a double-dig
Apr 22, 2026
2 t-1q2026exhibit991.htm
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AT&T Reports Strong First-Quarter 2026 Financial Results
Results reflect consistent execution of the Company's investment-led
customer-centric strategy
The Company reiterates all full-year 2026 and multi-year financial guidance
and capital return plans
DALLAS, April 22, 2026 — AT&T Inc. (NYSE: T) reported first-quarter results, achieving its fastest-ever year-over-year organic growth in its advanced connectivity convergence rate, with nearly 45%1 of advanced home internet subscribers also choosing AT&T wireless. Customers are increasingly purchasing their internet and wireless together from AT&T, highlighting the strength of the Company's differentiated, investment-led strategy to drive converged advanced connectivity at scale.
"We saw our best first quarter ever for Advanced Connectivity internet customer net additions, demonstrating the solid foundation of assets we have built," said John Stankey, AT&T Chairman and CEO. "We're uniquely positioned to deliver more of what customers want — fiber and 5G all from one provider on the nation's largest advanced converged network, backed by the AT&T Guarantee. The actions we've taken this quarter are evidence of how we are improving the customer value proposition, scaling faster, and accelerating growth."
Note: With the closing of the acquisition of substantially all of Lumen's Mass Markets fiber business on February 2, 2026, the fiber customer relationships were retained by AT&T and are included in the Company's first-quarter results, unless otherwise indicated. The acquired fiber network assets, including certain fiber network build capabilities, were placed in a wholly owned subsidiary, of which AT&T plans to sell a controlling interest to an equity partner that will co-invest in the ongoing business. As such, the subsidiary is classified as held-for-sale and reflected as discontinued operations.
First-Quarter Consolidated Results
•Revenues totaled $31.5 billion, up 2.9% from the year-ago quarter
•Diluted EPS from continuing operations was $0.54, versus $0.61 in the year-ago quarter; adjusted EPS* was $0.57, versus $0.51 in the year-ago quarter
•Operating income was $6.7 billion; adjusted operating income* was $6.9 billion
•Income from continuing operations was $4.2 billion; adjusted EBITDA* of $11.8 billion
•Cash from operating activities from continuing operations was $7.6 billion, versus $9.0 billion in the year-ago quarter, which included $1.4 billion from the DIRECTV investment
•Capital expenditures related to continuing operations were $4.9 billion; capital investment* was $5.1 billion
•Free cash flow* was $2.5 billion, versus $3.1 billion in the year-ago quarter, reflecting higher capital investment as the Company accelerates the pace of its fiber deployment
* 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.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
First-Quarter Highlights
•Advanced Connectivity service revenue of $22.9 billion, up 3.6% year over year
•Advanced Connectivity operating income of $6.9 billion, up 14.8% year over year with EBITDA* of $11.6 billion, up 5.6%
•42% of households with AT&T's advanced home internet services also chose AT&T wireless; this approaches 45% when excluding the impact of fiber customers acquired during the quarter, up over 3 percentage points year over year, representing the fastest-ever reported organic growth in the advanced home internet convergence rate
•584,000 total consumer and business Advanced Connectivity internet net adds, including 292,000 fiber and 292,000 fixed wireless
◦512,000 consumer advanced home internet net adds, including 273,000 AT&T Fiber2 and 239,000 AT&T Internet Air
•294,000 postpaid phone net adds with postpaid phone churn of 0.89%
•Over 37 million total consumer and business locations reached with fiber3, including more than 4 million acquired from Lumen during the first quarter; the Company remains on track to reach over 40 million total fiber locations by the end of 2026 and more than 60 million by the end of 2030
•Repurchased approximately $2.3 billion in common shares under the 2024 authorization
Outlook and Capital Allocation Plan
AT&T maintains the long-term outlook and capital allocation plans provided with its fourth-quarter 2025 results. This includes the Company's 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 targ
Jan 28, 2026
2 t-4q2025exhibit991.htm
Document
AT&T Reports Strong Fourth-Quarter and Full-Year 2025 Financial Performance Driven by Growth in Converged Fiber and 5G Customers
Company met or exceeded all 2025 consolidated financial guidance and provides long-term outlook for improved growth in Adjusted EBITDA* and Adjusted EPS* and higher free cash flow* through 2028
Company returned over $12 billion to shareholders in 2025 through dividends and share repurchases and expects to return an additional $45 billion+ from 2026-2028
Consistent execution of customer-centric, investment-led strategy delivered increased convergence rate, leading to growth in profitability and industry-best customer satisfaction for subscribers with both wireless and internet connectivity1
DALLAS, January 28, 2026 — AT&T Inc. (NYSE: T) reported strong fourth-quarter and full-year results that met, or exceeded, all 2025 consolidated financial guidance as it delivered its best year for consumer broadband subscriber growth in a decade. More customers are increasingly choosing AT&T as their one trusted provider for all of their connectivity needs - driving the fastest annual increase in its convergence rate with 42%2 of AT&T Fiber households also choosing AT&T for wireless. In 2025, in areas where AT&T offers converged services, it ranked #1 across customer satisfaction scores with consumers and small businesses in both wireless and internet connectivity.1 This solid momentum demonstrates the sustained success of the Company's investment-led, customer-centric strategy.
“We achieved or surpassed all of our consolidated full-year guidance for 2025,” said John Stankey, AT&T Chairman and CEO. “With new investments in spectrum and fiber, we’re set to win more customers in more categories and geographies across the U.S. Backed by the best assets in the industry, we are accelerating our strategy to deliver improved growth, the best customer experience and enhanced returns for shareholders over the next three years.”
Fourth-Quarter Consolidated Results
•Revenues of $33.5 billion
•Diluted EPS of $0.53, versus $0.56 in the year-ago quarter; adjusted EPS* of $0.52, versus $0.43 in the year-ago quarter
•Operating income of $5.8 billion; adjusted operating income* of $6.1 billion
•Net income of $4.2 billion; adjusted EBITDA* of $11.2 billion
•Cash from operating activities of $11.3 billion, versus $11.9 billion in the year-ago quarter
•Capital expenditures of $6.8 billion; capital investment* of $7.1 billion
•Free cash flow* of $4.2 billion, versus $4.0 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.
© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
Fourth-Quarter Highlights
•421,000 postpaid phone net adds with postpaid phone churn of 0.98%
•Mobility service revenues of $17.0 billion, up 2.4% year over year
•283,000 AT&T Fiber net adds and 221,000 AT&T Internet Air net adds, representing more than half a million combined advanced home internet net additions for the second consecutive quarter
•Consumer Wireline fiber revenues of $2.2 billion, up 13.6% year over year
Full-Year Consolidated Results
•Revenues of $125.6 billion
•Diluted EPS of $3.04, versus $1.49 a year ago; adjusted EPS* of $2.12 versus $1.95 a year ago
•Operating income of $24.2 billion; adjusted operating income* of $25.5 billion
•Net income of $23.4 billion; adjusted EBITDA* of $46.4 billion
•Cash from operating activities of $40.3 billion, versus $38.8 billion a year ago
•Capital expenditures of $20.8 billion; capital investment* of $22.0 billion
•Free cash flow* of $16.6 billion, versus $15.3 billion in 2024
Full-Year Highlights
•More than 1.5 million postpaid phone net adds for fifth straight year
•Mobility service revenues of $67.4 billion, up 3.1% year over year
•More than 1 million AT&T Fiber net adds for eighth consecutive year, and 875,000 AT&T Internet Air net adds
•Consumer Wireline fiber revenues of $8.6 billion, up 17.0% year over year
•Repurchased approximately $4.3 billion in common shares under the 2024 authorization
•32.0 million consumer and business locations passed with fiber
New Segment Reporting
Beginning with the Company's first-quarter 2026 results, AT&T plans to revise its operating segments to reflect the evolution of its business model to focus on delivering converged advanced connectivity services across 5G and fiber to consumer and business customers. Accordingly, the Company's planned new reportable segments are:
•Advanced Connectivity, which represents results primarily from the Company’s domestic 5G and fiber based wireless, internet and other advanced connectivi
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