NYSE$T
AT&T Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
AT&T reported strong second-quarter 2026 results driven by growth in Advanced Connectivity services and improved profitability.
Revenues reached $31.6 billion, up 2.3% year over year, with operating income of $7.0 billion and adjusted EPS of $0.65. The company added over 1 million Advanced Connectivity customers and generated $4.7 billion in free cash flow while returning $4.1 billion to shareholders.
- Consolidated revenues totaled $31.6 billion, up 2.3% year over year, led by 5.1% growth in Advanced Connectivity service revenue.
- Diluted EPS from continuing operations was $0.66 and adjusted EPS was $0.65, both up from the prior year.
- Added 432,000 postpaid phone net adds and 646,000 Advanced Connectivity internet net adds including 367,000 fiber.
- Reiterated full-year 2026 guidance and plans to return over $45 billion to shareholders from 2026-2028 with $10 billion in share repurchases in 2026.
Headline financials
Revenue & EPS history
AT&T · Revenue · Quarterly
$31.6B
Revenue by segment
AT&T · $31.5B total across 3 segments · Q2 2026
- Advanced Connectivity$28.6B—90.9%
- Legacy$1.63B—5.2%
- Latin America$1.22B—3.9%
Forward guidance
AT&T maintains its multi-year outlook for 2026-2028 including low-single-digit service revenue growth, adjusted EBITDA growth of 3-4% in 2026 improving to 5%+ in 2028, adjusted EPS of $2.25-$2.35 in 2026, and free cash flow of $18B+ in 2026.
Tailwinds
- Advanced Connectivity service revenue growth expected at 5%+ in 2026
- Plans to accelerate share repurchases to ~$10 billion in 2026
- On track to reach over 40 million fiber locations by end of 2026
Headwinds
- Legacy revenues expected to decline 20%+ in 2026
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.8%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+10.0%
Q3 2022
Best reaction
-10.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -1.9% | -1.4% | -2.3% | |
| Q4 2025 | +4.0% | +14.3% | +21.8% | |
| Q3 2025 | -1.7% | -2.0% | -0.5% | |
| Q2 2025 | +1.2% | +2.0% | +4.1% | |
| Q1 2025 | +0.9% | +1.1% | +1.7% | |
| Q4 2024 | +6.3% | +4.4% | +16.9% | |
| Q3 2024 | +3.3% | +2.8% | +7.8% | |
| Q2 2024 | +5.4% | +3.8% | +8.3% | |
| Q1 2024 | +0.5% | +3.2% | +6.1% | |
| Q4 2023 | -0.1% | +0.3% | -2.3% | |
| Q3 2023 | +7.4% | +8.4% | +11.0% | |
| Q2 2023 | -2.0% | -1.9% | -4.7% | |
| Q1 2023 | -7.5% | -11.1% | -17.2% | |
| Q4 2022 | +4.4% | +5.2% | +0.4% | |
| Q3 2022 | +10.0% | +13.8% | +22.1% | |
| Q2 2022 | -10.2% | -10.6% | -10.0% | |
| Q1 2022 | +0.5% | -0.7% | +5.0% | |
| Q4 2021 | -8.9% | -3.7% | -9.7% | |
| Q3 2021 | -1.6% | -2.1% | -6.9% | |
| Q2 2021 | +0.3% | +1.0% | -1.2% | |
| Q1 2021 | +4.3% | +2.2% | -0.3% | |
| Q4 2020 | -3.2% | -3.7% | -6.3% | |
| Q3 2020 | +4.1% | +0.7% | +6.0% | |
| Q2 2020 | -1.9% | -1.6% | -1.6% | |
| Q1 2020 | -1.2% | +2.2% | +0.0% | |
| Q4 2019 | -3.0% | -4.2% | -8.7% | |
| Q3 2019 | +3.1% | +5.5% | +2.0% | |
| Q2 2019 | +5.4% | +7.0% | +8.5% | |
| Q1 2019 | -5.5% | -3.8% | +0.5% | |
| Q4 2018 | -2.1% | -3.6% | +0.4% | |
| Q3 2018 | -9.2% | -10.2% | -11.1% | |
| Q2 2018 | -2.4% | +0.3% | +4.8% | |
| Q1 2018 | -5.5% | -6.6% | -7.1% | |
| Q4 2017 | +4.6% | -2.2% | -2.9% | |
| Q3 2017 | -5.0% | -3.6% | -1.1% | |
| Q2 2017 | +4.9% | +7.6% | +4.0% | |
| Q1 2017 | +1.0% | -1.0% | -4.5% | |
| Q4 2016 | +1.0% | +1.1% | +2.4% | |
| Q3 2016 | -1.7% | -2.6% | +0.7% | |
| Q2 2016 | +0.9% | -0.8% | -4.0% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +4.8% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | -2.8% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -4.3% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q2 2011 | -3.7% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q1 2009 | -2.6% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q4 2007 | -0.4% | — | — | |
| Q2 2008 | +1.6% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q3 2008 | +1.6% | — | — | |
| Q2 2009 | -2.8% | — | — | |
| Q4 2008 | -2.8% | — | — |
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