AT&T exceeded Q3 2026 revenue and adjusted earnings expectations, delivering a double-beat on financial estimates. Despite these positive results, the company's share price experienced a decline. Looking forward, AT&T raised its earnings outlook and projected double-digit EPS growth through 2028. However, the company's leverage remains at 3.13x, which is identified as a key risk requiring sustained deleveraging efforts.
The company's revenue and adjusted earnings beat analysts' expectations in the third quarter as fiber additions accelerated, while postpaid phone subscriber additions fell from a year earlier.
Read the full storyThe telecom company raised its annual adjusted earnings forecast, while average revenue per fiber customer fell on discounts and introductory pricing, and its shares declined before the market opened.