Dallas-headquartered AT&T Inc (T) is extending gains on Wednesday morning after reporting Q2 earnings that came in handily above Street estimates. The company posted $31.56 billion in revenue – up 2.3% on a year-over-year basis – on $0.65 per share of earnings (EPS), representing an exciting 20.4% increase from last year.
AT&T Inc (NYSE:T, XETRA:SOBA) reported second-quarter adjusted earnings and profit growth that topped Wall Street estimates on Wednesday, driven by robust postpaid phone additions and broadband growth, sending shares up 4.3% at the open. The telecom giant posted adjusted earnings per share of $0.65, up 20.4% from a year earlier and ahead of analyst estimates of $0.60.
AT&T stock rose after its Q2 earnings topped estimates while revenue missed for the second straight quarter. Wireless postpaid phone subscriber additions came in above views.
The telecommunications company beat expectations on subscriber growth, free cash flow and profit.
AT&T's second-quarter earnings from continuing operations came in at 66 cents a share, compared with 62 cents a share a year earlier.
AT&T added more wireless subscribers than expected in the second quarter, as its revamped low-cost, unlimited plans along with bundled mobile and broadband offerings attracted value-conscious customers.
AT&T adds more than 1 million Advanced Connectivity customers, driven by year-over-year increases in net adds across fiber, fixed wireless, and postpaid phone subscribers The Company reiterates all consolidated full-year 2026 and multi-year financial guidance and multi-year capital return plans, with accelerated pace of share repurchases in 2026 DALLAS, July 22, 2026 /PRNewswire/ -- AT&T Inc. (...