AT&T reported second quarter 2026 revenue of $31.6 billion, up 2.3% year-over-year and beating estimates by 5.4%, while adjusted EPS of $0.65 also surpassed expectations. The results were driven by subscriber growth across fiber and wireless in its core Advanced Connectivity segment.

Key Highlights

  • The company delivered strong subscriber growth, adding 432,000 postpaid phone net adds and 367,000 fiber net adds, significantly exceeding analyst expectations for fiber.
  • Free cash flow, a key focus for investors, was reported at $4.7 billion for the quarter, an increase from $4.4 billion in the prior-year period.
  • AT&T's Advanced Connectivity service revenue grew 5.1% to $23.5 billion, with the segment's operating income increasing 20.3% year-over-year.
  • The company announced an accelerated capital return plan, now expecting to repurchase approximately $10 billion in shares during 2026.