AT&T Raises Annual Profit Outlook as Subscriber Growth Continues
AT&T lifted its full-year adjusted EPS guidance after quarterly results beat estimates, driven by postpaid phone and record internet customer additions.
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what happened
AT&T raised its full-year adjusted earnings per share forecast to about $2.40 from a prior $2.25 to $2.35. FactSet analysts had projected $2.34, according to Dow Jones Newswires.
In the third quarter, adjusted EPS came in at 65 cents against analyst estimates of 60 cents, and revenue rose 5.3% to $32.3 billion, above the $31.69 billion expected. The company added 379,000 postpaid phone subscribers and a record 769,000 internet customers, including 442,000 fiber and 327,000 fixed wireless. Its 2026 capital spending outlook of $23–24 billion was kept.
AT&T also said it agreed to sell its Mexico wireless business to Grupo Televisa and Fintech Holdings for $2 billion in cash at closing.
why it matters
Stronger subscriber growth and a guidance raise above consensus matter for the telecom sector and for wireless carriers' shares. At the same time, SpaceX's $8 billion spectrum purchase signals a possible new competitor for AT&T, Verizon and T-Mobile.
market impact
US telecom: subscriber growth and guidance above expectations support AT&T shares and the sector
tags
instruments
sources
- AT&T Lifts Profit Outlook on Continued Postpaid Phone, Internet Growth — Dow Jones Newswires, 21 October 2026 at 10:30 UTC
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