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Compared to Estimates, AT&T (T) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, AT&T (T - Free Report) reported revenue of $31.56 billion, up 2.3% over the same period last year. EPS came in at $0.65, compared to $0.54 in the year-ago quarter.

The reported revenue represents a surprise of -1.49% over the Zacks Consensus Estimate of $32.04 billion. With the consensus EPS estimate being $0.59, the EPS surprise was +10.17%.

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:
  • Internet Connections - Fiber: 12.87 million versus 12.81 million estimated by three analysts on average.
  • Internet Connections- AT&T Business Fiber: 724 thousand versus the three-analyst average estimate of 722.67 thousand.
  • Internet Net Adds- AT&T Business Fiber: 23 thousand compared to the 21.67 thousand average estimate based on three analysts.
  • Internet Net Adds- AT&T Fiber: 344 thousand compared to the 290 thousand average estimate based on three analysts.
  • Operating Revenues- Corporate and Other: $87 million versus the five-analyst average estimate of $90.93 million. The reported number represents a year-over-year change of -7.5%.
  • Operating Revenues- Latin America: $1.22 billion versus $1.13 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change.
  • Operating Revenues- Legacy: $1.63 billion versus $1.67 billion estimated by five analysts on average.
  • Operating Revenues- Advanced Connectivity: $28.62 billion compared to the $29.05 billion average estimate based on five analysts.
  • Operating Revenues- Advanced Connectivity- Other service: $151 million versus the three-analyst average estimate of $155.96 million.
  • Operating Revenues- Advanced Connectivity- Advanced home internet: $2.93 billion versus the three-analyst average estimate of $3.01 billion.
  • Revenues- Latin America- Wireless equipment: $444 million compared to the $427.92 million average estimate based on three analysts. The reported number represents a change of +13.3% year over year.
  • Revenues- Latin America- Wireless service: $780 million compared to the $678.12 million average estimate based on three analysts. The reported number represents a change of +17.8% year over year.

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

Shares of AT&T have returned -2.4% over the past month versus the Zacks S&P 500 composite's +0.3% 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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