AT&T Inc. (T) stock

TNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31Also trades as T.PA, T.PC, TBB

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 22, 2026Score 15/3035% below fair value

$21.41+0.49 (+2.34%)

Close on Oct 30, 2026Market cap $146.71BP/E 7.1Yield 5.18%

Earnings

AT&T's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Jan 27, 2027

Q4 FY2026 · estimated, before the open

Revenue, Q3 FY2026

$32.30B

+5.2% on a year earlier

adjusted earnings per diluted common share*, Q3 FY2026

$0.65

$0.54 a year earlier

Latest guidance

Issued

Oct 21, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of AT&T's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Jan 27, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 21, 2026before the open	$32.30B	+5.2%	$0.13	$0.65	Release
Q2 FY2026ended Jun 30, 2026	Jul 22, 2026before the open	$31.60B	+2.6%	$0.66	$0.65	Release
Q1 FY2026ended Mar 31, 2026	Apr 22, 2026before the open	$31.50B	+2.9%	$0.54	$0.57	Release
Q4 FY2025ended Dec 31, 2025	Jan 28, 2026before the open	$33.50B	+3.7%	$0.53	$0.52	Release
Q3 FY2025ended Sep 30, 2025	Oct 22, 2025before the open	$30.70B	+1.7%	$1.29	$0.54	Release
Q2 FY2025ended Jun 30, 2025	Jul 23, 2025before the open	$30.80B	+3.4%	$0.62	$0.54	Release
Q1 FY2025ended Mar 31, 2025	Apr 23, 2025before the open	$30.60B	+2.0%	$0.61	$0.51	Release
Q4 FY2024ended Dec 31, 2024	Jan 27, 2025before the open	$32.30B	+0.9%	$0.56	$0.54	Release
Q3 FY2024ended Sep 30, 2024	Oct 23, 2024before the open	$30.20B	-0.7%	-$0.03	$0.60	Release
Q2 FY2024ended Jun 30, 2024	Jul 24, 2024before the open	$29.80B	-0.3%	$0.49	$0.57	Release
Q1 FY2024ended Mar 31, 2024	Apr 24, 2024before the open	$30.00B	-0.3%	$0.47	$0.55	Release
Q4 FY2023ended Dec 31, 2023	Jan 24, 2024before the open	$32.00B	+2.2%	$0.30	$0.54	Release
Q3 FY2023ended Sep 30, 2023	Oct 19, 2023before the open	$30.40B	+1.3%	$0.48	$0.64	Release
Q2 FY2023ended Jun 30, 2023	Jul 26, 2023before the open	$29.90B	+1.0%	$0.61	$0.63	Release
Q1 FY2023ended Mar 31, 2023	Apr 20, 2023before the open	$30.10B	-21.0%	$0.57	$0.60	Release
Q4 FY2022ended Dec 31, 2022	Jan 25, 2023before the open	$31.30B	-23.7%	-$3.20	$0.61	Release
Q3 FY2022ended Sep 30, 2022	Oct 20, 2022before the open	$30.00B	-24.8%	$0.79	$0.68	Release
Q2 FY2022ended Jun 30, 2022	Jul 21, 2022before the open	$29.60B	–	$0.59	$0.65	Release
Q1 FY2022ended Mar 31, 2022	Apr 21, 2022before the open	$38.10B	–	$0.65	$0.77	Release
Q4 FY2021ended Dec 31, 2021	Jan 26, 2022before the open	$41.00B	–	$0.69	$0.78	Release
Q3 FY2021ended Sep 30, 2021	Oct 21, 2021before the open	$39.90B	–	$0.82	$0.87	Release
Q2 FY2021ended Jun 30, 2021	Jul 21, 2021during market hours	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	Apr 22, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Jan 27, 2021before the open	–	–	–	–	Release
Q3 FY2020ended Sep 30, 2020	Oct 22, 2020before the open	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

AT&T's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Advanced Connectivity service revenue growth	FY2026	+5%	–	New	Jul 22, 2026
Adjusted EBITDA* growthnon-GAAP	FY2026	+3% – +4%	–	New	Oct 21, 2026
Adjusted EBITDA* growthnon-GAAP	FY2026	+3% – +4%	+3% – +4%	Reaffirmed	Jul 22, 2026
Adjusted EPS*non-GAAP	FY2026	$2.40	–	New	Oct 21, 2026
Adjusted EPS*non-GAAP	FY2026	$2.25 – $2.35	$2.25 – $2.35	Reaffirmed	Jul 22, 2026
Free cash flow*non-GAAP	FY2026	$18.00B	–	New	Oct 21, 2026
Free cash flow*non-GAAP	FY2026	$18.00B	$18.00B	Reaffirmed	Jul 22, 2026
Capital investment*non-GAAP	FY2026	$23.00B – $24.00B	–	New	Oct 21, 2026
Capital investment*non-GAAP	FY2026	$23.00B – $24.00B	$23.00B – $24.00B	Reaffirmed	Apr 22, 2026
Advanced Connectivity EBITDA* growthnon-GAAP	FY2026	+6%	–	New	Jan 28, 2026
Advanced Connectivity service revenue growth	FY2026	+5%	–	New	Jan 28, 2026
Legacy service revenue decline	FY2026	+20%	–	Raised	Jan 28, 2026
Free cash flow*non-GAAP	FY2027	$19.00B	–	New	Oct 21, 2026
Free cash flow*non-GAAP	FY2027	$19.00B	$19.00B	Reaffirmed	Jul 22, 2026
Capital investment*non-GAAP	FY2027	$22.00B – $23.00B	–	New	Oct 21, 2026
Capital investment*non-GAAP	FY2027	$23.00B – $24.00B	–	New	Oct 22, 2025
Adjusted EBITDA* growthnon-GAAP	FY2028	+5%	–	New	Oct 21, 2026
Adjusted EBITDA* growthnon-GAAP	FY2028	+5%	+5%	Reaffirmed	Jul 22, 2026
Free cash flow*non-GAAP	FY2028	$21.00B	–	New	Oct 21, 2026
Free cash flow*non-GAAP	FY2028	$21.00B	$21.00B	Reaffirmed	Jul 22, 2026
Capital investment*non-GAAP	FY2028	$22.00B – $23.00B	–	New	Oct 21, 2026

Guidance vs results

The last range AT&T gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
FY2025	Adjusted EPS*	$1.97 – $2.07	$2.11Σ4Q	Above range

Guidance history

Every forecast AT&T put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 21, 2026	Capital investment*	FY2027	$22.00B – $23.00B	New
Oct 21, 2026	Capital investment*	FY2028	$22.00B – $23.00B	New
Oct 21, 2026	Capital investment*	FY2026	$23.00B – $24.00B	New
Oct 21, 2026	Adjusted EBITDA* growth	FY2026	+3% – +4%	New
Oct 21, 2026	Adjusted EBITDA* growth	FY2028	+5%	New
Oct 21, 2026	Adjusted EPS*	FY2026	$2.40	New
Oct 21, 2026	Free cash flow*	FY2026	$18.00B	New
Oct 21, 2026	Free cash flow*	FY2027	$19.00B	New
Oct 21, 2026	Free cash flow*	FY2028	$21.00B	New
Jul 22, 2026	Capital investment*	2026-2028	$23.00B – $24.00B	–
Jul 22, 2026	Adjusted EBITDA* growth	FY2026	+3% – +4%	Reaffirmed
Jul 22, 2026	Advanced Connectivity EBITDA* growth	FY2026	+6%	Raised
Jul 22, 2026	Adjusted EBITDA* growth	FY2028	+5%	Reaffirmed
Jul 22, 2026	Adjusted EPS*	FY2026	$2.25 – $2.35	Reaffirmed
Jul 22, 2026	Free cash flow*	FY2028	$21.00B	Reaffirmed
Jul 22, 2026	Free cash flow*	FY2026	$18.00B	Reaffirmed
Jul 22, 2026	Free cash flow*	FY2027	$19.00B	Reaffirmed
Jul 22, 2026	Advanced Connectivity service revenue growth	FY2026	+5%	New
Jul 22, 2026	Legacy service revenue decline	FY2026	+20%	Raised
Apr 22, 2026	Capital investment*	FY2026	$23.00B – $24.00B	Reaffirmed
Apr 22, 2026	Adjusted EBITDA* growth	FY2026	+3% – +4%	Reaffirmed
Apr 22, 2026	Adjusted EPS*	FY2026	$2.25 – $2.35	Reaffirmed
Apr 22, 2026	Free cash flow*	FY2026	$18.00B	Reaffirmed
Jan 28, 2026	Capital investment*	2026-2028	$23.00B – $24.00B	–
Jan 28, 2026	Adjusted EBITDA* growth	FY2028	+5%	New
Jan 28, 2026	Adjusted EBITDA* growth	FY2026	+3% – +4%	New
Jan 28, 2026	Adjusted EPS*	FY2026	$2.25 – $2.35	New
Jan 28, 2026	Free cash flow*	FY2027	$19.00B	Reaffirmed
Jan 28, 2026	Free cash flow*	FY2028	$21.00B	New
Jan 28, 2026	Free cash flow*	FY2026	$18.00B	Reaffirmed
Jan 28, 2026	Advanced Connectivity service revenue growth	FY2026	+5%	New
Jan 28, 2026	Legacy service revenue decline	FY2026	+20%	Raised
Jan 28, 2026	Advanced Connectivity EBITDA* growth	FY2026	+6%	New
Oct 22, 2025	Capital investment*	FY2026	$23.00B – $24.00B	New
Oct 22, 2025	Capital investment*	FY2025	$22.00B – $22.50B	Reaffirmed
Oct 22, 2025	Capital investment*	FY2027	$23.00B – $24.00B	New
Oct 22, 2025	Adjusted EPS*	FY2025	$1.97 – $2.07	Reaffirmed
Oct 22, 2025	Free cash flow*	FY2026	$18.00B	New
Oct 22, 2025	Free cash flow*	FY2027	$19.00B	New
Oct 22, 2025	Share repurchases	FY2025	$4.00B	Reaffirmed
Jul 23, 2025	Capital investment*	FY2025	$22.00B – $22.50B	New
Jul 23, 2025	Capital investment*	2026-2027	$23.00B – $24.00B	–
Jul 23, 2025	Adjusted EPS*	FY2025	$1.97 – $2.07	New
Jul 23, 2025	Share repurchases	FY2025	$4.00B	New
Apr 23, 2025	Capital investment*	FY2025	$22.00B	Reaffirmed
Apr 23, 2025	Adjusted EBITDA* growth	FY2025	+3%	Lowered
Apr 23, 2025	Adjusted EPS*	FY2025	$1.97 – $2.07	Reaffirmed
Apr 23, 2025	Free cash flow*	FY2025	$16.00B	Reaffirmed
Apr 23, 2025	Mobility EBITDA* growth	FY2025	+3% – +4%	New
Jan 27, 2025	Capital investment*	FY2025	$22.00B	New
Jan 27, 2025	Mobility EBITDA*	FY2025	+3% – +4%	New
Jan 27, 2025	Adjusted EPS*, excluding DIRECTV	FY2025	$1.97 – $2.07	New
Jan 27, 2025	Free cash flow*, excluding DIRECTV	FY2025	$16.00B	New
Oct 23, 2024	Capital investment*	FY2024	$21.00B – $22.00B	Reaffirmed
Oct 23, 2024	Adjusted EBITDA* growth	FY2024	+3%	Reaffirmed
Oct 23, 2024	Adjusted EPS*	FY2024	$2.15 – $2.25	Reaffirmed
Oct 23, 2024	Free cash flow*	FY2024	$17.00B – $18.00B	Reaffirmed
Oct 23, 2024	consumer and business locations passed with fiber	Q4 FY2025	30	New
Oct 23, 2024	net debt-to-adjusted EBITDA*	FY2025	2.5	New
Oct 23, 2024	Wireless service revenue growth	FY2024	+3%	Lowered
Oct 23, 2024	Broadband revenue growth	FY2024	+7%	Raised
Jul 24, 2024	Capital investment*	FY2024	$21.00B – $22.00B	Reaffirmed
Jul 24, 2024	Adjusted EBITDA* growth	FY2024	+3%	Reaffirmed
Jul 24, 2024	Adjusted EPS*	FY2024	$2.15 – $2.25	Reaffirmed
Jul 24, 2024	Free cash flow*	FY2024	$17.00B – $18.00B	Reaffirmed
Jul 24, 2024	Wireless service revenue growth	FY2024	+3%	Lowered
Jul 24, 2024	Broadband revenue growth	FY2024	+7%	Raised
Apr 24, 2024	Capital investment*	FY2024	$21.00B – $22.00B	Reaffirmed
Apr 24, 2024	Adjusted EBITDA* growth	FY2024	+3%	Reaffirmed
Apr 24, 2024	Adjusted EPS*	FY2024	$2.15 – $2.25	Reaffirmed
Apr 24, 2024	Free cash flow*	FY2024	$17.00B – $18.00B	Reaffirmed
Apr 24, 2024	Wireless service revenue growth	FY2024	+3%	New
Apr 24, 2024	Broadband revenue growth	FY2024	+7%	Raised
Jan 24, 2024	Capital investment*	FY2024	$21.00B – $22.00B	New
Jan 24, 2024	Adjusted EBITDA* growth	FY2024	+3%	New
Jan 24, 2024	Adjusted EPS*	FY2024	$2.15 – $2.25	New
Jan 24, 2024	Free cash flow*	FY2024	$17.00B – $18.00B	New
Jan 24, 2024	Wireless service revenue growth	FY2024	+3%	New
Jan 24, 2024	Broadband revenue growth	FY2024	+7%	Raised
Oct 19, 2023	Adjusted EBITDA* growth	FY2023	+4%	Raised
Oct 19, 2023	free cash flow *	FY2023	$16.50B	Raised
Oct 19, 2023	broadband revenue growth	FY2023	+7%	Raised
Jul 26, 2023	Adjusted EBITDA* growth	FY2023	+3%	Reaffirmed
Jul 26, 2023	free cash flow*	FY2023	$16.00B	Reaffirmed
Jan 25, 2023	Capital investment*	FY2023	$24.00B	New
Jan 25, 2023	Adjusted EBITDA* growth	FY2023	+3%	New
Jan 25, 2023	Adjusted EPS *	FY2023	$2.35 – $2.45	New
Jan 25, 2023	Free cash flow*	FY2023	$16.00B	New
Jan 25, 2023	Broadband revenue growth	FY2023	+5%	Raised
Jan 25, 2023	Wireless service revenue growth	FY2023	+4%	New
Oct 20, 2022	adjusted EPS* from continuing operations	FY2022	$2.50	Lowered
Oct 20, 2022	wireless service revenue growth	FY2022	+4.5% – +5%	Reaffirmed
Jul 21, 2022	free cash flow	FY2022	$14.00B	Lowered
Jul 21, 2022	Mobility service revenue	FY2022	+4.5% – +5%	New
Jan 26, 2022	capital expenditures	FY2022	$20.00B	New
Jan 26, 2022	Adjusted EPS	FY2022	$3.10 – $3.15	New
Jan 26, 2022	free cash flow	FY2022	$23.00B	New
Jan 26, 2022	Gross capital investment	FY2022	$24.00B	New
Oct 21, 2021	free cash flow	FY2021	$26.00B	New
Oct 21, 2021	HBO Max/HBO global subscriber target	FY2021	70 – 73	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.