AT&T Beats Q3 Estimates and Raises Long-Term Earnings Guidance

Key Facts

1AT&T delivered a double-beat in Q3, exceeding both earnings and revenue estimates.

2The company raised its earnings outlook and expects double-digit EPS growth through 2028.

3Company leverage stands at 3.13x, identified as a key risk requiring sustained deleveraging.

AT&T delivered a double-beat in the third quarter of 2026, exceeding both earnings and revenue estimates. Seeking Alpha reported that the company raised its outlook and now expects double-digit EPS growth through 2028, driven by expansion in the broadband and fiber segments alongside management's efficiency initiatives.

AT&T (T) closed at $21.91 on October 21, 2026, amid a reported leverage ratio of 3.13x, which remains a key risk requiring sustained deleveraging. While investors remain cautious regarding potential competition from SpaceX, the company's performance reflects strong execution in its core connectivity business.