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What AT&T (T) Said on Its Q3 Earnings Call

AT&T said strong fiber and fixed wireless demand drove its best internet net additions to date and lifted advanced connectivity revenue 6.1%.

  • On Wednesday, AT&T reported third-quarter revenue of $32.3 billion and adjusted earnings per share of $0.65, both topping analyst estimates. Shares closed down 6.45% as investors weighed higher capital spending needs.
  • The company reported a record quarter for internet subscriber growth by adding 769,000 total Advanced Connectivity internet net customers, highlighting its dual-track strategy of deploying fiber and fixed wireless to residential and commercial markets.
  • CEO John Stankey said, "Our asset base positions us well for the AI era," noting the company's fiber network exceeds 39 million locations. Overall Advanced Connectivity service revenue reached $23.9 billion, up 6.1%.
  • Sharpening its domestic focus, the company sold its Mexico wireless unit for $2 billion and raised its 2026 adjusted EPS outlook. Capital investment is expected between $23 billion and $24 billion for 2026.
  • Investors are weighing competitive threats from SpaceX, though Stankey expressed doubt that direct-to-cell satellite service could displace ground-based networks, describing it as "solving the last 2%" of coverage gaps.
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thecerbatgem.com broke the news on Wednesday, October 21, 2026.
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