Loading…
AT&T Inc.
S&P 500
🏹 Trader: 🎯 Near 52W High | BRS 60 Forming View all →
$182.0B
Market Cap
8.2
P/E
4.19
PEG
8.7%
ROCE
18.8%
ROE
1.24
D/E
21.1%
OPM
-10.7%
% from 52W High
60
α RS
🔍 T is showing a high-conviction setup because it matches 6 of 39 tracked screener presets, Sector RRG has Communication Services in the Leading quadrant with the trail still rolling over, RS Rating is 60, and it has maintained a 5-day Near 52-Week High momentum persistence. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks
Sources
Conviction 6/39 · Communication Services in Leading quadrant · RS Rating 60 · Near 52-Week High streak: 5d
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for T including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding T
View All Superinvestors →
Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 637.1K $18.5M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 6 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$31.6B
+2.3% YoY
Operating Income
$7.0B
Not disclosed
Adjusted EBITDA Margin
39.1%
+1.1pp YoY
Net Income
$5.0B
+3.6% YoY
What Went Right
  • Record Q2: 1M+ Advanced Connectivity net adds across fiber, fixed wireless, and postpaid phone, with best-ever Q2 fiber adds and record combined fiber + FWA adds
  • Adjusted EBITDA grew 5.2% to $12.3B with margin of 39.1% (+110bps), the highest since refocusing on Advanced Connectivity
  • FCF of $4.7B beat the $4.0-$4.5B guidance range; share repurchase target raised ~25% to ~$10B for 2026
What to Watch
  • Fiber ARPU fell 1.3% YoY (flat ex-Lumen) as converged discounting and Lumen footprint dilution pressure near-term ARPU
  • Legacy segment service revenue declined 26% and EBITDA fell ~46% as copper wind-down accelerates, weighing on consolidated growth
  • Net leverage expected to rise to ~3.2x after EchoStar close (from 2.68x), with ~100% of 2026 FCF earmarked for dividends and buybacks
Management Guidance
  • FY2026: consolidated service revenue growth low-single-digit; adjusted EBITDA growth 3%-4%; adjusted EPS $2.25-$2.35
  • FY2026: Advanced Connectivity service revenue growth 5%+ and EBITDA growth 6%+; FCF $18B+; capital investment $23-$24B
  • Q3 FCF expected relatively stable YoY with strong Q4 growth; ~$10B buybacks and ~$18B total shareholder returns in 2026
Investor Lens
The thesis is stronger after this call. Accelerating Advanced Connectivity growth (service revenue +5.1%, EBITDA +8%), record convergence rates, and a FCF beat supported a ~25% increase in 2026 buybacks to ~$10B, signalling management confidence. The main offsets are expected leverage rising to ~3.2x post-EchoStar and near-term ARPU pressure from converged pricing and the Lumen integration. Net-net, the operating momentum and capital-return flexibility outweigh the transitional risks.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Strong quarter: 1M+ adds, EBITDA +5.2%, FCF beats at $4.7B
Revenue
Consolidated revenues rose 2.3% YoY to $31.6B, with service revenue up 2.7%. Advanced Connectivity service revenue grew 5.1% to $23.5B (wireless +3.3%, advanced home internet +27%, business +1.8%), while legacy service revenue fell 26%.
Profitability
Net income from continuing operations increased 3.6% YoY to $5.0B. Adjusted EPS jumped over 20% to $0.65 from $0.54, aided by EBITDA growth and lower depreciation, while adjusted EBITDA rose 5.2% to $12.3B.
Margins
Adjusted EBITDA margin expanded 110bps to 39.1%, the highest since the strategic refocus, with Advanced Connectivity EBITDA up 8.0%. Cost transformation remains on track to deliver $4B in annual savings by 2028.
Balance Sheet
Free cash flow of $4.7B exceeded the $4.0-$4.5B guidance, versus $4.4B a year ago, while capital investment rose to $6.1B. Net debt/EBITDA was 2.68x at quarter-end, expected to rise to ~3.2x after EchoStar closes before returning to ~2.5x within ~3 years. The company returned $4.1B to shareholders in Q2.
Key Risks
Management flagged Fiber ARPU pressure from the Lumen acquisition and convergence discounts, accelerating legacy revenue/EBITDA declines, and higher leverage post-EchoStar. Also noted: device price inflation could suppress upgrade volumes, and AI-driven traffic growth may require continued network investment.
Outlook
Full-year guidance was reiterated: consolidated service revenue low-single-digit, adjusted EBITDA +3-4%, adjusted EPS $2.25-$2.35, FCF $18B+, and capex $23-24B. Management expects Q3 FCF roughly flat YoY and strong Q4 growth, with Advanced Connectivity service revenue and EBITDA growing 5%+ and 6%+ respectively.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-22
Advanced Connectivity drove record subscriber growth and strong financial results, with service revenue, adjusted EBITDA, and EPS all accelerating year-over-year. Fiber expansion and convergence strategies are fueling momentum, while capital returns and network modernization remain top priorities.
Q3 2025 Q3 2025 2025-10-22
Third quarter results showed revenue and EBITDA growth, strong broadband and wireless customer additions, and continued progress on fiber and 5G investments. Full-year guidance was reiterated, with pending acquisitions expected to further boost growth.
Q3 2023 Q3 2023 2023-10-19
Q4 2022 Q4 2022 2023-01-25
Q3 2021 Q3 2021 2021-10-21
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.