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AT&T beats earnings estimates but shares drop on growth and spending concerns

Company Fundamentals
22 Oct 2026
Danny Green
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Neutral
AT&T beats earnings estimates but shares drop on growth and spending concerns

AT&T reported quarterly revenue of $32.3 billion and adjusted earnings of $0.65 per share, both surpassing analyst expectations. The company saw strong demand for its high-speed fiber services with record internet net additions and raised its 2026 adjusted earnings outlook to about $2.40 per share. Despite these positive results, AT&T shares fell 6.45% to $21.91 due to investor worries over future spending, wireless subscriber growth, competition from SpaceX's Starlink Mobile, and free cash flow targets. The decline also affected competitors Verizon and T-Mobile, reflecting broader market concerns in the telecom sector.

As of Oct 22, 2026 18:12 WIB, AT&T shares trade at USD 22.00 on Pluang, showing a modest 0.41% increase despite the reported 6.45% drop in the article. This price is closer to AT&T's 52-week low of USD 20.49 than its high of USD 29.10, indicating the stock remains under pressure. The dividend yield stands at 5.07%, and the typical hold time on Pluang is 118 days, reflecting steady investor interest amid sector concerns.

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