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AT&T (T) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended March 2026, AT&T (T - Free Report) reported revenue of $31.51 billion, up 2.9% over the same period last year. EPS came in at $0.57, compared to $0.51 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $31.19 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +3.88%, with the consensus EPS estimate being $0.55.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how AT&T performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Consumer Wireline - Broadband Connections - Fiber Broadband Connections: 11.8 million versus the four-analyst average estimate of 11.24 million.
  • Consumer Wireline - Fiber Broadband Net Additions: 273 thousand versus 263.25 thousand estimated by four analysts on average.
  • Consumer Wireline - Internet Air: 239 thousand compared to the 238.67 thousand average estimate based on three analysts.
  • Latin America - Total Mexico Wireless Net Additions: -577 thousand versus the two-analyst average estimate of -147.92 thousand.
  • Latin America - Total Mexico Wireless Subscribers: 24.1 million versus 24.53 million estimated by two analysts on average.
  • Revenues- Latin America: $1.17 billion compared to the $1.04 billion average estimate based on five analysts. The reported number represents a change of +20.8% year over year.
  • Revenues- Corporate and Other: $94 million compared to the $90.53 million average estimate based on five analysts. The reported number represents a change of -1.1% year over year.
  • Revenues- Communications- Mobility- Service: $16.94 billion versus $17.01 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
  • Revenues- Latin America- Wireless equipment: $420 million versus $408 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
  • Revenues- Latin America- Wireless service: $753 million compared to the $618.98 million average estimate based on three analysts. The reported number represents a change of +22.4% year over year.
  • Revenues- Communications- Mobility: $22.32 billion versus the two-analyst average estimate of $22.09 billion. The reported number represents a year-over-year change of +3.5%.
  • Revenues- Communications- Mobility- Equipment: $5.38 billion versus the two-analyst average estimate of $5.08 billion. The reported number represents a year-over-year change of +9.4%.

View all Key Company Metrics for AT&T here>>>

Shares of AT&T have returned -10.4% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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