AT&T shares rise on Q2 earnings beat and strong subscriber growth
AT&T reported second-quarter 2026 earnings that exceeded analyst expectations, with EPS of $0.65 versus the consensus estimate of $0.59. Revenue rose 2.3% year-over-year to $31.6 billion, broadly in line with Wall Street forecasts. The company added over one million Advanced Connectivity customers, including 367,000 fiber and 279,000 fixed wireless subscribers, and 432,000 postpaid phone net additions. Adjusted EBITDA increased 5.2% to $12.3 billion, and free cash flow improved to $4.7 billion. AT&T expanded its fiber network by over one million locations, reaching 38.6 million total, and remains on track to exceed 40 million by year-end 2026. Management reaffirmed full-year EPS guidance of $2.25-$2.35 and expects double-digit earnings CAGR through 2028. Shares rose 2.5% in premarket trading following the announcement.
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