AT&T's first quarter 2026 revenue and EPS beat estimates, driven by strong postpaid phone and internet net additions.

AT&T reported first quarter revenues of $31.5 billion, an increase of 2.9% year-over-year, and adjusted EPS of $0.57. The company reiterated its full-year 2026 financial guidance.

Key Highlights

• The company reported 294,000 postpaid phone net additions, exceeding analyst expectations of approximately 260,000.
• Advanced Connectivity internet net additions were strong at 584,000, evenly split with 292,000 for fiber and 292,000 for fixed wireless.
• Free cash flow was $2.5 billion, down from $3.1 billion in the prior year quarter, which the company attributed to accelerated capital investment in its fiber deployment.
• The Advanced Connectivity segment, a core focus, saw service revenue grow 3.6% year-over-year to $22.9 billion.