Q1 26 EPS
$0.57
BEAT +3.43%
Est. $0.55
Q1 26 Revenue
$31.51B
BEAT +0.86%
Est. $31.24B
Did T Beat Earnings? Q1 2026 Results
AT&T posted a solid first quarter for 2026, with adjusted earnings per share of $0.57 climbing 11.8% from the year-ago period's $0.51, while consolidated revenue of $31.51 billion advanced 2.9% year over year, as the telecom giant's converged connect… Read more AT&T posted a solid first quarter for 2026, with adjusted earnings per share of $0.57 climbing 11.8% from the year-ago period's $0.51, while consolidated revenue of $31.51 billion advanced 2.9% year over year, as the telecom giant's converged connectivity strategy continued to gain traction. The single most consequential driver of the quarter was AT&T's February closing of its acquisition of substantially all of Lumen Technologies' Mass Markets fiber business, which helped propel advanced home internet revenue 27.3% higher to $2.80 billion and contributed to 584,000 internet net subscriber additions, split evenly between fiber and fixed wireless. The company's Advanced Connectivity segment, its primary operating unit, generated $28.47 billion in revenue, up 4.7%, with nearly 45% of home internet subscribers also holding AT&T wireless service. Free cash flow of $2.51 billion reflected heavier capital investment of $5.09 billion as fiber deployment accelerates. AT&T reiterated full-year guidance, including adjusted EPS of $2.25 to $2.35 and free cash flow exceeding $18.00 billion, while targeting more than 40 million fiber locations by year-end.
Key Takeaways
- • Advanced Connectivity service revenue grew 3.6% year over year to $22.9 billion
- • 584,000 total internet net adds, split between 292,000 fiber and 292,000 fixed wireless
- • 294,000 postpaid phone net adds with 0.89% postpaid phone churn
- • Nearly 45% organic convergence rate of advanced home internet subscribers also choosing AT&T wireless
- • Advanced home internet revenue surged 27.3%, including two months of Lumen fiber customer impact
- • Wireless service revenue growth driven by retail subscriber growth in underpenetrated categories and converged accounts
- • Lower depreciation expense from fully depreciated legacy assets
- • Latin America revenue up 20.8% due to favorable foreign exchange and subscriber growth
T YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
T Revenue by Segment
With YoY comparisons, source: SEC Filings
T Revenue by Geography
Regional revenue distribution
“We saw our best first quarter ever for Advanced Connectivity internet customer net additions, demonstrating the solid foundation of assets we have built.”
— John Stankey, Q1 2026 Earnings Press Release
T Earnings Trends
T vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
T EPS Trend
Earnings per share: estimate vs actual
T Revenue Trend
Quarterly revenue: estimate vs actual
T Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.59 | $0.65 | +10.71% | $31.56B | -0.79% |
| Q1 26 BEAT | $0.55 | $0.57 | +3.43% | $31.51B | +0.86% |
| Q4 25 BEAT FY | $0.47 | $0.52 | +11.59% | $33.47B | +1.78% |
| FY Full Year | $2.06 | $2.12 | +3.05% | $125.65B | +0.50% |
| Q3 25 BEAT | $0.54 | $0.54 | +0.00% | $30.71B | -0.57% |
| Q2 25 BEAT | $0.53 | $0.54 | +1.89% | $30.85B | +1.27% |
| Q1 25 BEAT | $0.49 | $0.51 | +4.08% | $30.63B | +0.87% |