AT&T Inc. Q2 2026 Earnings Recap

AT&T's stock rallied 3.1% post-earnings, driven by better-than-expected subscriber growth and margin expansion amid ongoing fiber and 5G investments.

Key Takeaways

• Added over 1 million Advanced Connectivity subscribers, with fiber, fixed wireless, and postpaid phones all showing year-over-year net additions.
• Achieved the best-ever second quarter for AT&T Fiber net adds, including record combined fiber and fixed wireless growth.
• Consolidated adjusted EBITDA margin hit its highest level since refocusing on Advanced Connectivity, reflecting improved operating leverage and cost initiatives.
• Advanced Connectivity business service revenues grew year-over-year, supported by fiber and 5G repositioning and a balanced distribution model.
• Integration of the Lumen footprint accelerated fiber rollout and converged customer growth, with June gross adds in those areas up 45% since February.