AT&T Q3 FY2026: revenue up 5.3%, adjusted EPS $0.65, 2026 outlook raised
AT&T's third quarter looked weak at the bottom line and strong underneath: revenue rose 5.3% to $32.32 billion and adjusted EPS of $0.65 topped the $0.6106 consensus, while a $2.6 billion non-cash impairment on the Mexico wireless business dragged GAAP EPS to $0.12. Read the adjusted figures for the underlying business and the GAAP figures for what the exit from Mexico costs.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS fell to $0.12 from $1.29, a comparison distorted by last year's gain on the DIRECTV stake sale and this quarter's $2.6 billion Mexico impairment. Strip those out and adjusted EPS was $0.65 versus $0.54 a year ago, about 6.5% above the $0.6106 consensus. Net income of $891 million was down 90.4% from $9.31 billion, so the quality of this quarter lives in the adjusted number, not the reported one.
Revenue of $32.32 billion rose 5.3% from $30.70 billion a year ago, which the release calls the best consolidated service revenue growth in more than four years. Advanced Connectivity service revenue of $23.9 billion grew 6.1%, while the shrinking Legacy segment fell 24.5% to $1.519 billion as copper is decommissioned. Service revenue of $26.30 billion supplied 81.4% of the top line, with product revenue of $6.02 billion making up the rest.
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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 2026-10-21
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