AT&T Inc.

T · NYSE · Communication Services · Telecom Services

Next earnings: October 21, 2026 · before the open

$25.38-0.3%Sep 25 close

1M: -2.4%
6M: -10.7%
1Y: -5.3%
5Y: +63.1%

AT&T sells wireless phone service, home and business internet, and network services in the United States and Mexico.

Built from AT&T Inc.’s own filings with the SEC. Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Full financial statements →

About AT&T Inc.

AT&T operates wireless networks and wired fiber connections, selling phone and internet service to consumers, businesses, government customers, and other carriers. Its services include fifth-generation (5G) wireless, home internet through fiber or a wireless connection, and business network services; it is also winding down older copper-based phone and internet services. In the second quarter of 2026, it added more than 1 million (Q2 2026, high confidence) subscribers across fiber, fixed wireless, and postpaid wireless phones. At quarter-end, 42.5% (Q2 2026, high confidence) of its advanced home internet customers also had an AT&T postpaid wireless account.

Head office: Dallas, Texas
Founded: 1983
Employees: approximately 133,030 (December 31, 2025, high confidence)
Financial year ends: December 31

How it makes money

Advanced Connectivity: wireless, fiber internet, and other newer network services90%
Legacy phone and data services6%
Wireless service in Mexico4%

Shares of revenue are estimates for quarter ended 2026-03-31, high confidence, not figures from a filing.

Competes with

What it sells6

AT&T wireless service
Mobile phone voice and data plans for consumers, businesses, and resellers in the United States, including prepaid plans sold under AT&T PREPAID and Cricket.
FirstNet
A nationwide wireless broadband network and service for public safety customers.
AT&T Fiber
Home and business internet delivered over fiber-optic lines.

Show 3 more

AT&T Internet Air
Home internet delivered over AT&T's wireless network rather than a wired connection.
Business connectivity and managed services
Services for businesses that include dedicated internet connections, fiber Ethernet, fixed wireless, and managed network support.
Legacy voice and data services
Older copper-based telephone and data services for homes and businesses, which AT&T is working to replace with fiber and wireless services.

Who buys it5

Consumers who buy postpaid or prepaid wireless plans, often with a phone purchased outright or through installment payments.
Households that subscribe to fiber or fixed wireless home internet, sometimes alongside an AT&T wireless plan.
Businesses, from small and mid-sized firms to multinational companies, that buy internet, wireless, voice, and managed network services.

Show 2 more

Government customers, including public safety agencies that use FirstNet.

What it stands on, and what could break it

What the business leans on

1Wireless service depends on government licenses to use radio spectrum; AT&T must maintain and renew those licenses and obtain enough capacity for network traffic.
2Network construction and service depend on equipment and other supplies from third-party vendors, including equipment used in wireless networks and customer devices.
3

How it compares with its industry

Three ratings, each a percentile against the 51 companies we cover in Telecom Services. Deliberately kept apart rather than blended into one score — cheap, rising and well-run are three different facts, and a single number would hide which one is which.

Momentum

49of 100 in its industry

Middle of its industry

12 months to a month ago-6.1%

6 months to a month ago-5.3%

The most recent month is left out on purpose: returns tend to persist over 7–12 months and the newest one tends to reverse. This describes what the price has done, and says nothing about what it will do.

Value

56of 100 in its industry

Middle of its industry

Profit for the price12.40%

Cash for the price10.13%

Sales for the price73.16%

Assets for the price72.73%

Operating profit for the whole business14.27%

Yields, so higher means cheaper — a loss-making company ranks last instead of dropping out. Cheap is not the same as good: a high yield is often a price that fell for a reason. All five measures available.

Capital allocation

3/5Mixed

1 check not reported

Return on capital7.2%

Shareholder yield7.29%

Share count, 3 years-9.7%

Net debt / EBITDA3.15x

Insiders, 12 months—

What management does with the money — scored on whatever the filings answer, never as a share of the total.

The six capital-allocation checks

Return on the money invested7.2% on invested capital
Debt against earnings3.15x net debt to operating earnings
Cash returned to shareholders7.3% a year in buybacks and dividends
Share count over three yearsShare count 9.7% lower over three years
Payouts covered by cash flowFree cash flow covers what it pays out
Open-market insider buyingNo open-market insider dealing on file

A description of where this company sits among its competitors, not a recommendation. Ratings updated Sep 26, 2026.

Wholesale and resale customers, including other carriers and internet service providers that use AT&T network services.

Service depends on the continued operation of extensive wireless, fiber, and legacy wired infrastructure, which can be affected by cyberattacks, extreme weather, or other physical damage.

4A significant share of employees is represented by labor unions, so contract negotiations and work stoppages can affect operating costs or service work.

What could go wrong

1AT&T needs ongoing access to radio spectrum and substantial investment in its wireless and fiber networks to meet customer demand; spectrum availability, license terms, or higher network costs could affect service and operations.
2Wireless carriers, cable companies, fixed wireless providers, and other internet services compete for customers on price, coverage, network quality, and devices, while customers continue to move away from older copper-based services.
3Cyberattacks, extreme weather, infrastructure damage, or delays in equipment supply can disrupt AT&T's networks or its ability to serve customers.