AT&T (T) is up about 3% as investors continue to re-rate the stock following the company’s first-quarter 2026 earnings update released April 22, 2026. The quarter showed higher revenue, improved adjusted profitability, and strong consumer broadband momentum—key factors for a telecom name that is often judged on steady cash generation and subscriber trends. (about.att.com)

For Q1 2026, AT&T reported $31.5 billion of revenue and adjusted EPS of $0.57 (with diluted EPS from continuing operations of $0.54). On the customer side, AT&T disclosed 512,000 consumer advanced home internet net adds, including 273,000 AT&T Fiber net adds and 239,000 Internet Air (fixed wireless) net adds, reinforcing its strategy of driving growth via fiber and fixed wireless rather than legacy copper. (investors.att.com)

The market is treating the quarter as further evidence that AT&T’s connectivity-focused approach is producing measurable operating momentum, which can support the dividend and the company’s longer-term capital return plans. Management has outlined plans to return more than $45 billion to shareholders during 2026–2028 through dividends and repurchases, while also working leverage down over time following major transactions. (about.att.com)

Traders will be watching whether AT&T can maintain broadband momentum as it integrates fiber assets acquired from Lumen’s Mass Markets fiber business, which closed February 2, 2026 for $5.75 billion in cash. Any changes in broadband net adds, capex intensity tied to fiber expansion, or leverage expectations around future spectrum-related transactions could quickly become the next catalyst for the stock. (about.att.com)