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AT&T Surges on 1M+ Advanced Connectivity Adds
21 Oct
Summary
- AT&T added over 1 million advanced connectivity customers for a second quarter.
- Company's fiber expansion reaches over 39 million locations.
- Outlook raised for 2026 adjusted EPS with lower long-term capital investment.
AT&T announced robust third-quarter 2026 financial results, marking its second consecutive quarter with over one million new Advanced Connectivity customers. This growth trajectory was propelled by strong net additions across its fiber, fixed wireless, and postpaid phone services.
The company's strategic investment in its network continues to yield significant returns. As of the third quarter, AT&T has reached more than 39 million locations with its fiber network, maintaining its goal of expanding to over 60 million by the end of 2030.
In light of these positive results, AT&T has updated its financial outlook. The company now anticipates higher adjusted earnings per share for 2026 and has revised its long-term capital investment projections downward, signaling improved efficiency and profitability.
Consolidated revenues for the quarter totaled $32.3 billion, a 5.3% increase year-over-year. Adjusted earnings per share were $0.65, an improvement from the prior year's $0.54. AT&T also reported substantial free cash flow of $5.0 billion.
