AT&T (NYSE:T) Issues FY 2026 Earnings Guidance

AT&T (NYSE:T) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.250-2.350 for the period, compared to the consensus estimate of 2.240. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on T shares. Citigroup cut their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company cut their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein reduced their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.78.

AT&T Stock Performance

T opened at $24.06 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. AT&T has a 12-month low of $22.95 and a 12-month high of $29.79. The business has a 50 day moving average of $24.50 and a 200-day moving average of $26.35. The stock has a market cap of $170.57 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 1.25 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts expect that AT&T will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T beat expectations in Q4 — adjusted EPS of $0.52 topped estimates and revenue came in above consensus, reinforcing near-term profitability. AT&T Beats Q4 Earnings Estimates on Solid Wireless & Fiber Demand
• Positive Sentiment: Subscriber momentum: AT&T added meaningful postpaid phone and fiber customers (hundreds of thousands), lifting convergence and helping revenue mix and churn metrics. AT&T’s earnings impress as subscriber growth booms and the stock soars
• Positive Sentiment: Shareholder returns ramped up: management authorized a new buyback (reported as ~$10B) and reiterated a multi?year plan to return cash (management cited $45B+ through 2026–2028), boosting investor yield and signaling confidence in cash flow. AT&T Reports Q4 Earnings, Authorizes New $10B Buyback
• Positive Sentiment: Management outlook and strategy: AT&T raised/confirmed forward profit expectations tied to fiber and 5G network investments, and highlighted multi?year free cash flow improvement that supports buybacks/dividends. AT&T Reports Strong Fourth-Quarter and Full-Year 2025 Financial Performance Driven by Growth in Converged Fiber and 5G Customers
• Neutral Sentiment: Some analysts are cautious or maintaining neutral ratings despite the beat — TD Cowen and others flagged a mixed quarter with offsetting positives and risks, so consensus sentiment is not uniformly bullish. AT&T: Mixed Quarter, Tax-Driven Cash Flow Support, and Long-Term Fiber/5G Upside Keep Rating at Hold
• Neutral Sentiment: Earnings call / details: the full transcript and slide deck show management emphasizing convergence, capex discipline and cadence to 2028 targets — useful for modeling but not an immediate catalyst by itself. AT&T Inc. (T) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Legacy-service decline and margin risk remain — some reports note net income fell y/y and legacy declines require continued investment to stabilize margins, which limits upside if growth slows. AT&T ($T) Releases Q4 2025 Earnings
• Negative Sentiment: Some analysts/writers still flag margin and execution risk even as fiber/5G ramp supports upside — keep an eye on execution vs. elevated buyback expectations. AT&T Q4 Earnings: Margin Risks, Broadband Growth And More Buybacks

Institutional Investors Weigh In On AT&T

Hedge funds have recently bought and sold shares of the stock. FWL Investment Management LLC increased its stake in shares of AT&T by 50.2% during the third quarter. FWL Investment Management LLC now owns 1,874 shares of the technology company’s stock worth $53,000 after purchasing an additional 626 shares during the period. Osterweis Capital Management Inc. boosted its stake in AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares during the period. von Borstel & Associates Inc. bought a new stake in AT&T in the 3rd quarter valued at $230,000. Lantern Wealth Advisors LLC acquired a new position in AT&T in the 2nd quarter valued at $230,000. Finally, Financial Advisors Network Inc. increased its position in AT&T by 7.5% during the 2nd quarter. Financial Advisors Network Inc. now owns 8,000 shares of the technology company’s stock worth $232,000 after buying an additional 561 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.