AT&T Inc.: Beat — EPS $0.65, Revenue $32.32B
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did AT&T Inc. (T) beat earnings today?
Yes, AT&T Inc. (T) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.33% surprise
$0.65Actual
Expected: $0.60
vs. year ago +20.4%
Total Revenue+2.12% surprise
$32.32BActual
Expected: $31.65B
vs. year ago +5.3%
Released Oct 21 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $32.32B | $30.71B | +5.3% |
| Revenue detail — reported lines | |||
| └─Advanced Connectivity | $29.48B | $27.50B | +7.2% |
| └─Legacy | $1.52B | $2.01B | -24.5% |
| └─Latin America | $1.24B | $1.09B | +13.2% |
| GAAP Diluted EPS | $0.13 | $1.29 | -89.9% |
| Adjusted EPS | $0.65 | $0.54 | +20.4% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Service revenue growth | — | low-single-digit range annually |
| Advanced Connectivity service revenue growth | — | 5%+ (mid-single-digit range annually) |
| Legacy service revenue decline | — | 20%+ |
| Adjusted EBITDA growth | — | upper portion of 3% to 4% range |
| Advanced Connectivity EBITDA growth | — | 6%+ (mid-to-high-single-digit range annually) |
| Adjusted EPS | — | $2.40 range |
| Capital investment | — | $23B-$24B |
| Free cash flow | — | $18B+ |
| Common stock dividend | — | $1.11 per share |
| Share repurchases | — | ~$10B |
Business Highlights
- ➤Added more than 1 million Advanced Connectivity customers for the second consecutive quarter.
- ➤Achieved a record quarter for Advanced Connectivity internet net adds.
- ➤Grew high-value converged relationships by approximately 350,000.
- ➤Added 769,000 consumer and business Advanced Connectivity internet customers.
- ➤Added 442,000 fiber and 327,000 fixed wireless internet customers.
- ➤Added 379,000 postpaid phone customers.
- ➤More than 39 million consumer and business locations now reached with fiber.
- ➤Remains on track to reach over 40 million fiber locations by year-end 2026.
- ➤Targets more than 60 million fiber locations by the end of 2030.
- ➤Returned approximately $4.8B to shareholders, including $2.8B of common share repurchases.
- ➤Agreed to sell its Mexico wireless business to Grupo Televisa and Fintech Holdings.
- ➤Acquired substantially all of Lumen’s Mass Markets fiber business in February 2026.
Management Commentary
John Stankey, AT&T Chairman and CEO
“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.”
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.”