Quarterly ResultApr 27, 2026, 04:24 PM
AT&T Q1 Revenue $31.5B, EPS $0.54; Lumen Fiber Acq; $10B Buyback Auth
AI Summary
AT&T reported Q1 2026 operating revenues of $31,506 million, an increase from $30,626 million in Q1 2025. However, net income attributable to AT&T decreased to $3,829 million from $4,351 million, with diluted EPS falling to $0.54 from $0.61. The company completed the acquisition of Lumen's Mass Markets fiber business for $5,756 million and authorized an additional $10,000 million for common stock repurchases, having repurchased $2,279 million in Q1 2026.
Key Highlights
- Acquired Lumen's Mass Markets fiber business for $5,756M on February 2, 2026.
- Board authorized an additional $10,000M for common stock repurchases on January 27, 2026.
- Q1 2026 Operating Revenues increased to $31,506M from $30,626M (+2.87% YoY).
- Q1 2026 Net Income Attributable to AT&T decreased to $3,829M from $4,351M (-12.0% YoY).
- Q1 2026 Diluted EPS decreased to $0.54 from $0.61 (-11.5% YoY).
- Advanced Connectivity segment operating revenues grew to $28,471M from $27,192M (+4.7% YoY).
- Legacy segment operating revenues decreased to $1,768M from $2,368M (-25.3% YoY).
- Net cash provided by operating activities from continuing operations was $7,595M, down from $9,049M.