[AT&T Q3 2026 Earnings Call] AT&T Adds Record 1 Million-Plus Subscribers, Raises EPS Outlook to $2.40 Despite Leverage Spike to 3.13x

AT&T (T) reported Q3 earnings, with Advanced Connectivity revenue up 6.1% and EBITDA up 7.3%. Wireless revenue rose 5%, driven by subscriber growth. The company added 379,000 postpaid phone subscribers and 696,000 advanced home internet subscribers. Fiber ARPU declined 4% due to pricing and discounts. AT&T aims to reach 60 million fiber locations by the end of the decade. Net debt to EBITDA was 3.13x, up from 2.68x last quarter, due to a spectrum license purchase.

AT&T (T) reported Q3 earnings, beating estimates with EPS of $0.65 and revenue of $32.30B. The company raised guidance to ~$2.40 EPS for FY2026. Despite positive results, the stock is down 6.19% at $21.97, reflecting market concerns about competition. Key metrics include record fiber adds and flat wireless subscriber growth. Investors await Q4 earnings and estimate revisions for further clarity.

Super Micro Computer (SMCI) rose after reporting preliminary quarterly sales of $18.5B-$19.5B, exceeding estimates. AT&T (T) shares fell due to missed wireless postpaid phone net additions. Netflix (NFLX) reported slowing sales growth and forecast continued deceleration, raising concerns.

AT&T reported Q3 revenue of $32.3bn, up 5.3% YoY, but plans to reduce capital investments in 2027-2028. Telenor chose F5's AI service plane for its sovereign AI infrastructure. Qualcomm will cut jobs to build a 'stronger performance culture.' T-Mobile US and Ericsson are collaborating on AI-RAN and 5G-Advanced. NTT Docomo and NTT Group developed AI tech to optimize base station communications and renewable energy use. Vodafone Spain uses Optare's AI to predict and prevent fibre network issues.

AT&T reported Q3 revenue of $32.3B, beating estimates, with EPS at $0.65. The company raised its 2026 EPS outlook to $2.40 and expects strong fiber network growth. CEO Stankey highlighted AT&T's fiber reach and spectrum strength, noting partnerships with AWS and Microsoft. Despite the beat, shares slipped, with near-term pressures including higher costs and slower net additions expected in Q4.

AT&T (T) shares dropped 5% despite beating Q3 earnings and raising its 2026 adjusted EPS outlook to $2.40. The company reported $0.65 adjusted EPS, up from $0.54 a year ago, and revenue rose 5.3% to $32.3 billion. Investors reacted negatively to slower postpaid phone additions and increased churn, along with competitive pressure from SpaceX.