AT&T Q2 FY2026: revenue up 2.3%, EPS beat, guidance reiterated
AT&T's second quarter was a solid beat: revenue of $31.56 billion rose 2.3%, GAAP EPS of $0.66 and adjusted EPS of $0.65 both cleared the $0.5996 consensus, and management reiterated full-year guidance. Read this as a company trading legacy decline for fiber and wireless growth: Advanced Connectivity service revenue grew 5.1% while the copper-based Legacy segment shrank 25.9%. Quality of the beat matters as much as the size.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $0.66 and adjusted EPS of $0.65 both beat the $0.5996 consensus, by roughly 10.1% and 8.4% respectively. The gap between the two is the story: adjusted EPS adds back a $0.03 asset abandonment charge but strips out a $0.05 tax benefit. A year ago GAAP EPS was $0.62 and adjusted EPS was $0.54, so the underlying improvement is real, just smaller than the headline.
Revenue was $31.56 billion, up 2.3% from $30.85 billion a year earlier and slightly above the prior quarter's $31.51 billion. Service revenue did the heavy lifting at $25.98 billion, versus $5.58 billion of product revenue. Fiber and wireless drove the gain, helped by the first-quarter acquisition of Lumen's mass-markets fiber business, while legacy copper demand kept shrinking.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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