Telecommunication
AT&T delivered Q2 FY2026 revenue of $31.56B (+2.3% YoY) and operating income of $7.04B (+8.3% YoY), driven by strong Advanced Connectivity segment growth (fiber, wireless, AT&T Internet Air) and margin expansion, partially offset by continued declines in the Legacy segment and equity losses tied to the DIRECTV divestiture.
Key risk: Legacy network revenue erosion
Legacy segment revenue declined 25.9% YoY in Q2 to $1.632B and operating income fell 45.5% to $523M as copper-based demand continues to shrink; management explicitly expects this decline to continue as decommissioning proceeds.
Other Integrated Telecommunication Services companies