AT&T Q3 earnings beat and EPS outlook raise trigger 5% stock drop
AT&T reported third‑quarter revenue of $32.32 billion, up 5.3% year‑over‑year, and adjusted earnings per share of $0.65, beating consensus estimates. The carrier added 379,000 postpaid phone subscribers, a slowdown from the prior quarter, and lifted its 2026 adjusted EPS outlook to the $2.40 range. Despite the beat and guidance lift, the shares fell about 5% in trading.
Why it matters
The company’s raised EPS guidance suggests stronger long‑term earnings, but the market reacted to the slower postpaid growth, pressuring the stock and potentially affecting the valuation of its planned $10 billion buyback. Investors may reassess growth assumptions and short‑term earnings momentum.
Key facts
- 1Third‑quarter revenue was $32.32 billion, up 5.3% YoY. tradingview.com
- 2Adjusted EPS for the quarter was $0.65. tipranks.com
- 3AT&T added 379,000 net postpaid phone subscribers. tipranks.com
- 4The company raised its 2026 adjusted EPS outlook to the $2.40 range. tipranks.com
- 5AT&T shares fell about 5% after the results were released. tipranks.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.