AT&T Inc. · T · Next earnings

AT&T Inc. reports Wednesday, Oct 21, 2026

T reports before market open with consensus EPS at $0.62 and revenue at $31.68B. Last quarter: AT&T Q2 2026: Record Fiber Net Adds, EPS Beat, $10B Buyback Target

Reports Before market open31 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $0.62 Calendar consensus
Consensus revenue $31.68B Calendar consensus
Report date Oct 21, 2026 Wednesday, date estimated
Session Before market open 31 days away

Where T left off: FY2026 Q2

Full report

AT&T Q2 2026: Record Fiber Net Adds, EPS Beat, $10B Buyback Target

EPS surprise +10.2% Reported $0.65 vs $0.59
Revenue surprise -0.7% Reported $31.56B vs $31.80B
Stock move +3.5% Event window
Subsequent drift +7.2% Up to 20 sessions

Guidance sentiment: maintained. Management reaffirmed full-year guidance for low-single-digit service-revenue growth and continued EBITDA growth. The capex outlook remains increasing, with investment rising from $5.1B in Q1 to $6.1B in Q2. No upward or downward revision to the core revenue or EBITDA framework was announced. The buyback target was raised to $10B for 2026.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Execution risk in scaling fiber builds to 8 million new locations.
  • Integration challenges of Lumen assets and achieving cost synergies.
  • Uncertainty around AI-driven traffic demand and monetization models.
  • Regulatory timing for C-band auction and spectrum licensing.
  • Competitive pressure from satellite providers such as Starlink and other carriers.

Questions analysts left open

  • Effectiveness of new value-segment plans on overall profitability.
  • Sustaining fiber ARPU amid Lumen-derived lower-ARPUs.
  • Impact of satellite competition and the AST SpaceMobile partnership.
  • Timing and cost implications of the C-band auction.
  • Future capital allocation between buybacks, debt reduction, and fiber build-out.

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Recent T quarters

All T earnings
+3.5%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.