AT&T (NYSE:T) Releases Quarterly Earnings Results

AT&T (NYSE:T) announced its quarterly earnings results on Wednesday. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02, FiscalAI reports. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. 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 reported a record first-quarter consumer fixed broadband result with 584,000 fiber and fixed wireless advanced internet net adds and closed the Lumen deal adding 1.1 million customers and >4 million fiber locations, targeting ~8 million incremental fiber locations in 2026 and 60M+ by 2030.
• Convergence is accelerating—~42% (?45% organic) of advanced home internet customers also take AT&T Wireless—driving higher NPS, lifetime value and lower churn, which management expects will improve account growth and margins over time.
• Financials and capital return: consolidated revenue, adjusted EBITDA and adjusted EPS grew y/y (service revenue +1.4%, adj. EBITDA +2.3%, adj. EPS +12%), FCF was $2.5B (high end of guidance) and the company reiterated full-year targets while planning ~$8B of buybacks this year and $45B+ returns through 2028.
• Legacy businesses are contracting materially—legacy service revenue fell ~25% y/y and legacy EBITDA ~40%—and the wind-down of copper and legacy operations will continue to depress near-term results even as it enables long-term cost savings.
• Strategy and network positioning: AT&T is investing in a software-defined, AI-ready and “open” network (dense metro fiber + deep spectrum), including the EchoStar spectrum deal to boost wireless capacity and fixed?wireless reach, which management says creates a durable competitive advantage versus peers.

AT&T Price Performance

Shares of NYSE:T opened at $26.44 on Friday. The firm has a 50 day simple moving average of $27.76 and a 200 day simple moving average of $26.05. The company has a market cap of $184.64 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.95 and a beta of 0.34. AT&T has a one year low of $22.95 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.86.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.2%. AT&T’s dividend payout ratio is presently 36.39%.

Hedge Funds Weigh In On AT&T

Several large investors have recently modified their holdings of the business. Claris Financial LLC bought a new position in shares of AT&T during the fourth quarter valued at $277,000. Birchwood Financial Partners Inc. bought a new position in shares of AT&T during the fourth quarter valued at $32,000. Corient Private Wealth LLC raised its stake in shares of AT&T by 8.0% during the fourth quarter. Corient Private Wealth LLC now owns 2,565,883 shares of the technology company’s stock valued at $63,737,000 after acquiring an additional 190,109 shares during the last quarter. Valley Financial Group Inc. increased its position in shares of AT&T by 5.5% during the fourth quarter. Valley Financial Group Inc. now owns 19,790 shares of the technology company’s stock worth $492,000 after buying an additional 1,026 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in shares of AT&T during the fourth quarter worth $66,000. Institutional investors own 57.10% of the company’s stock.

Key Stories Impacting AT&T

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

• Positive Sentiment: Q1 beat on revenue and EPS; fiber and bundling growth. AT&T reported $31.5B in revenue and $0.57 adjusted EPS, driven by wireless additions and fiber expansion — evidence that the strategic push into bundling and broadband is working. Article Title
• Positive Sentiment: Postpaid subscriber additions exceeded expectations, supporting near-term revenue momentum. Analysts highlighted stronger-than-expected wireless net adds and increased bundling uptake. Article Title
• Positive Sentiment: Dividend and income case: coverage praising AT&T’s steady ~4.4% yield as attractive for income investors seeking stability. Article Title
• Neutral Sentiment: Mixed analyst notes and price-target dispersion: some firms cut targets (BNP Paribas to $26; Scotiabank trimmed slightly) while others remain constructive — implies divergent views on valuation and execution. Article Title
• Neutral Sentiment: Valuation debate: several write-ups argue the current price may be attractive given earnings guidance and payout, while others warn of structural headwinds — keeps investor sentiment split. Article Title
• Negative Sentiment: Free cash flow dipped YoY (higher capex for fiber), and management merely reiterated FY guidance rather than raising it — the FCF miss and capex outlook pressured sentiment. Article Title
• Negative Sentiment: Wireless subscriber “churn” and legacy business declines flagged by commentators as potential longer-term drags that could stall multiple expansion if not stabilized. Article Title
• Negative Sentiment: Immediate analyst downgrades or target cuts (e.g., BNP Paribas lowering target to $26) add selling pressure and increase near-term volatility. Article Title

Analyst Upgrades and Downgrades

T has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Citigroup increased their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Sanford C. Bernstein decreased their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Scotiabank cut their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Barclays cut their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.70.

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.