Revenue Growth Driven by Core Operations
AT&T grew total revenue 2.9% YoY to $31.5B in Q1 FY2026, up from $30.6B in the prior-year period, reflecting steady demand across its wireless and broadband segments.
AT&T INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: AT&T reported Q1 FY2026 revenue of $31.5B (+2.9% YoY) with operating income surging 15.7% to $6.7B, though net income declined 12.0% to $3.8B, likely due to higher below-the-line costs, while the company aggressively ramped share buybacks to $2.5B.
Drawn from management commentary in the Q1 2026 10-Q:
AT&T grew total revenue 2.9% YoY to $31.5B in Q1 FY2026, up from $30.6B in the prior-year period, reflecting steady demand across its wireless and broadband segments.
Operating income jumped 15.7% YoY to $6.7B, pushing operating margin from 18.8% to 21.1%, a 230 basis point improvement, suggesting meaningful cost discipline and operating efficiency gains relative to revenue growth.
Net income fell 12.0% YoY to $3.8B from $4.4B, and diluted EPS dropped from $0.61 to $0.54, indicating that below-the-line items such as interest expense, tax provisions, or non-operating charges weighed heavily on bottom-line results.
Revenue
$31.51B
++2.87% YoY
EPS (Basic)
$0.54
-11.48% YoY
Operating Income
$6.66B
++15.71% YoY
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