AT&T Q2 2026 earnings beat on subscriber growth

AT&T reported second-quarter results connected Wednesday that bushed expert estimates connected net per stock and subscriber additions, with gross rising 2.3% to $31.6 cardinal compared with the aforesaid play a twelvemonth ago.

On an adjusted basis, the institution earned $0.65 per diluted share, clearing the $0.59 statement forecast, according to the Wall Street Journal. Earnings per stock from continuing operations were $0.66, up from $0.62 a twelvemonth earlier.

The company's postpaid telephone basal grew by 432,000 nett subscribers during the quarter, AT&T said. Analysts had forecast additions of astir 338,500, according to the Wall Street Journal. Postpaid telephone churn was 0.86%.

Internet subscriber maturation besides came successful strong. Internet maturation totaled 646,000 nett additions crossed user and concern accounts, with 367,000 coming from the fibre web and different 279,000 from fixed wireless — a grounds for the 2 categories combined, the institution said. The 4th besides represented the strongest user postpaid wireless relationship maturation successful much than 3 years.

Revenue successful AT&T's precocious connectivity segment, which encompasses its home fibre and wireless operations, roseate 5.1% twelvemonth implicit twelvemonth to make operating income maturation of 20.3%. Revenue from bequest services dropped 26%, reflecting AT&T's ongoing wind-down of its copper infrastructure.

AT&T Chairman and CEO John Stankey said the institution is accelerating its planned stock repurchases this twelvemonth to astir $10 billion, up from the astir $8 cardinal it had outlined earlier. "We judge our web show and operating standard can't beryllium matched," Stankey said successful a statement.

AT&T banal roseate 1.41% connected Wednesday.

The second-quarter results physique connected momentum from the archetypal quarter, erstwhile AT&T added 294,000 postpaid telephone nett subscribers and 584,000 full net nett subscribers, besides topping expert expectations. That quarter's adjusted EPS of $0.57 cleared the $0.55 statement estimate. First-quarter gross reached $31.5 billion, a astir 3% year-over-year increase.

AT&T present reaches much than 38.6 cardinal full user and concern locations with fibre and remains connected way to transcend 40 cardinal fibre locations by year-end 2026, the institution said. More than 42% of households with AT&T's location net work besides subscribe to AT&T wireless.

AT&T near its full-year outlook intact, inactive targeting adjusted EPS successful the $2.25-to-$2.35 scope and escaped currency travel of astatine slightest $18 billion, portion keeping successful spot its committedness to administer $45 cardinal oregon much to shareholders by 2028 done dividends and buybacks.