AT&T
Connects U.S. consumers and businesses through wireless, fiber, and fixed-wireless broadband.
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Profile
Provides nationwide U.S. wireless service, fiber and fixed-wireless home internet, business connectivity, and mobile service in Mexico. Recurring service fees supply most revenue, led by wireless, while fiber expansion and the wind-down of legacy copper networks shape capital needs and regulatory exposure.
Provides nationwide U.S. wireless service and devices, home broadband through AT&T Fiber and AT&T Internet Air, and fiber-based connectivity for businesses. Advanced Connectivity brings those offerings together, while the Legacy segment carries declining copper voice, data, and wholesale products.
Earns most revenue from wireless service, supplemented by equipment sales and recurring consumer and business connectivity fees. Cross-sells mobile and home internet across a shared retail and network footprint; the acquisition of Lumen’s mass-markets fiber business added customers and extended fiber into more states.
Operates a separate wireless business in Mexico under the AT&T and Unefon brands. The model requires sustained network investment, FCC spectrum licenses, and federal or state approvals to retire much of the domestic copper network.
Company facts
Categories
Key statistics
Year to date +5.9% · Average volume (30d) 54.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 23, 2026 | Morgan Stanley | Reiterate | Overweight | $25 | $27 | |
| Jul 23, 2026 | Wells Fargo | Reiterate | Underweight | $18 | $20 | |
| Jul 23, 2026 | Wolfe Research | Upgrade | Peer Perform | Outperform | $21 | $29 |
| Jul 23, 2026 | UBS | Upgrade | Buy | Reduce | ||
| Jul 22, 2026 | Goldman Sachs | Target | $32 | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.59 | $0.65 | +10.2% | $31.80B | $31.56B | −0.7% | −0.35% |
| Apr 22, 2026Q1 FY26 | $0.55 | $0.57 | +3.3% | $31.25B | $31.51B | +0.8% | +2.42% |
| Jan 28, 2026Q4 FY25 | $0.46 | $0.52 | +12.4% | $32.87B | $33.47B | +1.8% | +4.40% |
| Oct 22, 2025Q3 FY25 | $0.54 | $0.54 | +0.6% | $30.87B | $30.71B | −0.5% | −3.64% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $30.63B | $30.85B | $30.71B | $33.47B | $31.51B | $31.56B | |
| Gross profit | $18.59B | $18.70B | $18.89B | $18.65B | $18.94B | $19.51B | |
| Operating income | $5.75B | $6.50B | $6.12B | $6.12B | $6.66B | $7.04B | |
| Net income | $4.35B | $4.50B | $9.31B | $3.72B | $3.83B | $4.63B | |
| Diluted EPS | $0.61 | $0.62 | $1.29 | $0.52 | $0.54 | $0.66 | |
| Gross margin | 60.7% | 60.6% | 61.5% | 55.7% | 60.1% | 61.8% | |
| Operating margin | 18.8% | 21.1% | 19.9% | 18.3% | 21.1% | 22.3% |
Fiscal years (4-quarter sums)FY21 $142.10B · FY22 $120.74B · FY23 $122.43B · FY24 $122.34B · FY25 $125.65B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $17.57B · Total debt $162.89B · Total assets $428.36B · Shareholders' equity $110.44B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 10, 2026 | Jul 10 | Aug 3 | $0.2775 | |
| Apr 10, 2026 | Apr 10 | May 1 | $0.2775 | |
| Jan 12, 2026 | Jan 12 | Feb 2 | $0.2775 | |
| Oct 10, 2025 | Oct 10 | Nov 3 | $0.2775 | |
| Jul 10, 2025 | Jul 10 | Aug 1 | $0.2775 | |
| Apr 10, 2025 | Apr 10 | May 1 | $0.2775 | |
| Jan 10, 2025 | Jan 10 | Feb 3 | $0.2775 | |
| Oct 10, 2024 | Oct 10 | Nov 1 | $0.2775 |
Ownership
Shares outstanding 6.85B · Float 6.84B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 559.40M | 8.16% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 453.56M | 6.62% | 13F | Aug 13, 2026 |
| State Street Corp | 334.27M | 4.88% | 13F | Aug 7, 2026 |
| Newport Trust Co | 178.73M | 2.61% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 177.04M | 2.58% | 13F | Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Verizon
Most symmetrical rival across wireless, fiber broadband, and enterprise.
- T-Mobile
US wireless growth leader; decisive 5G lead and 8.5M FWA subs attack broadband.
- Comcast
Largest cable ISP (32M subs); Xfinity Mobile 7.5M lines contest AT&T wireless.
- Charter Communications
No. 2 cable ISP; Spectrum Mobile 10M+ lines is the fastest-growing US MVNO.
- América Móvil (ADR)
Telcel (~70% Mexico wireless share) overwhelms AT&T Mexico's 23.9M subscribers.
- Lumen Technologies
Enterprise fiber networking rival; consumer fiber sold to AT&T (Feb 2026).
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| América Móvil (ADR) | $23.43 | +1.01% | $69.56B | 13.2 | 14.1 | 1.2 | +9.8% |
| Lumen Technologies | $6.10 | +0.91% | $6.22B | — | — | 0.5 | −9.3% |
| Median | 13.0 | 9.8 | 1.0 | −1.0% |