From Benzinga · · 1m 10s
AT&T Earnings Beat Estimates But Subscriber Growth Misses
AT&T stock falls as wireless subscriber growth misses expectations despite beating earnings estimates.
In brief
AT&T stock falls as wireless subscriber growth misses expectations despite beating earnings estimates. AT&T reported third-quarter 2026 earnings that beat Wall Street estimates but added fewer postpaid phone subscribers than expected. Originally reported by Benzinga.
AT&T Beats Earnings And Revenue Estimates
AT&T reported adjusted earnings of 65 cents per share, beating the analyst consensus estimate of 60 cents.
AT&T Revenue Increases 5.3% Year Over Year
Revenue increased 5.3% year over year to $32.3 billion, exceeding Wall Street’s estimate of $31.7 billion.
Wireless Subscriber Growth Misses Expectations
AT&T added 379,000 postpaid phone subscribers, down from 405,000 a year earlier and below analysts’ expectations of 387,410.
Starlink Mobile Competition Threatens AT&T
Space Exploration Technologies Corp.’s Starlink Mobile could pressure customer acquisition costs and profit margins for AT&T.
AT&T Raises 2026 Earnings Forecast
AT&T raised its 2026 adjusted earnings forecast to $2.40 per share from its previous range of $2.25 to $2.35.
AT&T Targets 60 Million Fiber Locations By 2030
AT&T expects to surpass 60 million fiber locations by 2030, with 39.7 million consumer and business locations currently reached.
The bottom line
AT&T reported third-quarter 2026 earnings that beat Wall Street estimates but added fewer postpaid phone subscribers than expected.
