AT&T (NYSE:T) Releases Earnings Results, Beats Estimates By $0.06 EPS

AT&T (NYSE:T) released its quarterly earnings data on Wednesday. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06, FiscalAI reports. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the business earned $0.54 EPS. AT&T’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T updated its FY 2026 guidance to 2.250-2.350 EPS.

Here are the key takeaways from AT&T’s conference call:

• AT&T said second-quarter results showed accelerating growth, with more than 1 million Advanced Connectivity subscriber additions across fiber, fixed wireless, and postpaid phones, plus record fiber and combined fiber/fixed wireless net adds.
• The company posted strong financial performance, including 2.3% revenue growth, 5.2% adjusted EBITDA growth, a 110 bps margin expansion to 39.1%, and adjusted EPS of $0.65, up more than 20% year over year.
• AT&T raised its share repurchase plan to about $10 billion in 2026, up from $8 billion previously, citing strong free cash flow and a view that the stock is undervalued.
• The company reaffirmed full-year guidance, including low-single-digit service revenue growth, 3%-4% adjusted EBITDA growth, $2.25-$2.35 adjusted EPS, and more than $18 billion in free cash flow.
• Management highlighted continued investment in fiber expansion and convergence, including plans to reach 8 million new locations this year, while also accelerating the shutdown of legacy copper services to reduce costs.

AT&T Price Performance

AT&T stock opened at $23.52 on Friday. The stock has a 50-day moving average price of $22.79 and a two-hundred day moving average price of $25.24. AT&T has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $163.42 billion, a PE ratio of 7.79, a P/E/G ratio of 0.91 and a beta of 0.24.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s payout ratio is currently 37.25%.

Institutional Trading of AT&T

A number of institutional investors and hedge funds have recently bought and sold shares of T. State Street Corp boosted its holdings in AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock valued at $9,143,407,000 after acquiring an additional 2,704,536 shares during the last quarter. Bank of America Corp DE lifted its position in shares of AT&T by 3.5% in the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after purchasing an additional 4,079,062 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of AT&T by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,600,464 shares of the technology company’s stock worth $1,281,756,000 after purchasing an additional 225,708 shares during the period. Amundi boosted its stake in shares of AT&T by 3.7% in the 4th quarter. Amundi now owns 43,875,453 shares of the technology company’s stock valued at $1,089,866,000 after purchasing an additional 1,579,961 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of AT&T by 15.2% during the fourth quarter. AQR Capital Management LLC now owns 18,578,846 shares of the technology company’s stock worth $461,499,000 after buying an additional 2,445,270 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank cut their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday. Weiss Ratings cut shares of AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Finally, BNP Paribas Exane dropped their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T News Roundup

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

• Positive Sentiment: AT&T beat earnings estimates, reporting adjusted EPS of $0.65 versus expectations around $0.59, which helped fuel the stock’s gain. Why AT&T Stock Rallied Today
• Positive Sentiment: The company added more than 1 million advanced connectivity customers, including strong postpaid phone and internet net adds, suggesting continued momentum in fiber and wireless execution. T Q2 Earnings Call Points to Fiber-Led Growth Path
• Positive Sentiment: Management reiterated its 2026 EPS outlook and signaled faster share repurchases, which supports investor confidence in cash generation and capital returns. Why AT&T (T) Stock Is Up Today
• Positive Sentiment: Analysts turned more constructive after the earnings beat, with commentary suggesting concerns about SpaceX/Starlink competition may be overstated. AT&T Stock Gets Upgraded. SpaceX Worries Are Overblown.
• Neutral Sentiment: Some coverage highlighted that AT&T’s revenue missed estimates, so the rally is being driven more by earnings quality and subscriber growth than by top-line acceleration.
• Neutral Sentiment: Argus trimmed its price target to $30 from $33 but kept a Buy rating, which is still supportive but shows analysts remain cautious on upside.
• Negative Sentiment: Longer-term concerns remain around heavy capital spending, leverage, and wireless competition, which could limit how far the stock can run if growth slows. AT&T Stock Outlook Hinges on Fiber Growth and Wireless Risks in 2026

AT&T Company Profile

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.