AT&T beats Q3 revenue and profit estimates, raises 2026 outlook
T•AT&T reported Q3 revenue of $32.30 billion and adjusted EPS of $0.65, beating estimates of $31.69 billion and $0.60. It raised its 2026 adjusted EPS outlook to about $2.40 and expects free cash flow of at least $18 billion in 2026.
1. Quarterly results
AT&T’s Q3 revenue rose 5.3% year over year to $32.30 billion, above the $31.69 billion analyst estimate. Adjusted EPS increased to $0.65 from $0.54, beating the $0.60 estimate; adjusted EBITDA was $12.50 billion.
2. Updated outlook
The company raised its 2026 adjusted EPS outlook to about $2.40 and expects free cash flow of at least $18 billion in 2026, rising to at least $21 billion in 2028. It lowered its long-term capital investment outlook to $23 billion-$24 billion in 2026 and $22 billion-$23 billion in 2027-2028.
3. Subscriber additions
AT&T recorded 769,000 Advanced Connectivity internet net additions, including 442,000 fiber and 327,000 fixed wireless additions, as well as 379,000 postpaid phone net additions. Revenue growth was driven by wireless service and equipment and fiber, including the impact of the acquired Lumen mass markets fiber business.
