AT&T Stock Slides As Starlink Mobile Threat Rattles Telecoms

AT&T (T) stock fell 5.69% due to concerns over 5G costs, debt, and competition from Starlink Mobile. Analysts cut price targets, citing SpaceX's spectrum acquisition as a long-term threat. AT&T trades at a P/E of 7.4, with $125.6B revenue and $134B debt. Traders focus on price action and volatility.

AT&T's stock fell 6.3% despite beating Q3 earnings estimates and raising its 2026 profit outlook. Investors focused on wireless competition from SpaceX's Starlink Mobile. AT&T reported $32.3B revenue and 65 cents EPS, accelerating share buybacks to $10B. SpaceX's Starlink Mobile has 22M users, raising concerns about future competition.

AT&T (T) reported Q3 2026 revenue growth of 5.3% YoY, driven by subscriber gains and service revenue increases. The company maintains a 4.99% dividend yield with a 35% payout ratio, and its GF Score™ is 76/100. AT&T's P/E ratio is 7.29x, below its 5-year median. Institutional interest is balanced, with 14 gurus holding positions.

SpaceX agreed to acquire Grain Management's 800 MHz wireless spectrum portfolio for $8 billion, aiming to expand Starlink Mobile. The deal includes 14 MHz of low-band spectrum, which SpaceX plans to combine with its satellite network to challenge major carriers. Grain Management acquired the spectrum from T-Mobile in August for $2.9 billion. The transaction requires regulatory approval and may impact telecommunications equipment providers and infrastructure companies.

AT&T reported Q3 2026 revenue of $32.3B, up 5.3% YoY, with adjusted earnings growth driven by wireless and fiber segments. Operating income fell to $4.1B, while debt rose to $159.6B due to spectrum investments. The company added 379,000 net postpaid phone subscribers and 769,000 internet subscribers, expanding its fiber network reach.

AT&T reported Q3 2026 earnings with 3.8% YoY service revenue growth, 5.4% adjusted EBITDA growth, and 20%+ adjusted EPS growth. The company added 350,000 converged accounts and highlighted strong fiber and 5G performance. AT&T also announced strategic partnerships and plans to expand fiber reach and discontinue legacy copper services.