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AT&T (T) 10-Q Filings

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Here are the 10-Q quarterly reports from AT&T (T) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow T and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full T filings page.

Rhea-AI Summary

AT&T Inc. (T) reported third-quarter 2026 operating revenue of $32.322 billion, up 5.3% from a year earlier, while income from continuing operations fell 86.5% to $1.306 billion. Operating income declined 33.1% to $4.095 billion. Results included a $2.560 billion noncash, pretax impairment after Mexico wireless was classified as held for sale. Other income declined from the prior year, which included a gain from the sale of DIRECTV.

Advanced Connectivity segment revenue rose 7.2% and operating income rose 18.9%. AT&T completed a $22.650 billion acquisition of 600 MHz and 3.45 GHz FCC licenses intended to expand its 5G network and capacity. AT&T agreed to sell its Mexico wireless business, expecting approximately $2.000 billion cash at closing, subject to adjustments, plus additional contractual and contingent benefits; closing is expected in the first quarter of 2027, pending customary conditions and regulatory approvals. A separate fiber joint venture with affiliates of Global Infrastructure Partners and Canada Pension Plan Investment Board is expected to close in the first half of 2027, with AT&T and the Investor Group each owning 50%.

Rhea-AI Summary

AT&T Inc. reported Q2 2026 operating revenues of $31,558 million, up 2.3% year over year, with operating income rising 8.3% to $7,038 million. Income from continuing operations was $5,038 million and net income attributable to common stock was $4,591 million, or diluted EPS of $0.66 versus $0.62 a year earlier. For the first six months, operating income grew 11.8% to $13,696 million, while income from continuing operations before income taxes fell 7.2% to $11,220 million, reflecting higher interest expense and a decrease in equity in net income of affiliates after the July 2, 2025 sale of the DIRECTV interest.

The new Advanced Connectivity segment led growth, with Q2 operating revenues of $28,615 million, up 4.1%, and operating income of $7,345 million, up 20.3%. Advanced home internet revenues rose 27.3% in both the quarter and year-to-date, and wireless service revenues increased 3.3% on subscriber gains and pricing actions. Legacy segment revenues fell 25.9% as copper-based services are decommissioned, while Latin America service revenues grew 17.8% but with lower margins. On February 2, 2026 AT&T acquired Lumen’s Mass Markets fiber business for $5,756 million and classified the related Forged Fiber subsidiary as discontinued operations, which produced a year-to-date loss of $66 million. Cash provided by operating activities from continuing operations was $18,396 million in the first half, funding $10,577 million of capital expenditures, $2,725 million of acquisitions and $4,435 million of share repurchases under December 2024 and January 2026 $10,000 million authorizations.

Rhea-AI Summary

AT&T Inc. reported first‑quarter 2026 operating revenues of $31,506 million, up 2.9% from 2025, driven by growth in Advanced Connectivity wireless and fiber services and higher Mexico revenue, partly offset by declines in copper‑based Legacy operations.

Income from continuing operations fell to $4,219 million from $4,692 million, with net income attributable to common stock down to $3,793 million, or $0.54 per diluted share, versus $0.61 a year earlier. Operating income rose 15.7% to $6,658 million as the operating margin improved to 21.1%.

AT&T closed the $5,756 acquisition of Lumen’s Mass Markets fiber business, placing fiber network assets into Forged Fiber, classified as discontinued operations. Cash from continuing operations was $7,595 million, capital expenditures were $4,877 million, total debt reached $138,407 million, and the company repurchased about 88 million shares for $2,279 million.

Rhea-AI Summary

AT&T Inc. reported third‑quarter 2025 results. Revenue was $30.709 billion, up slightly from $30.213 billion a year ago. Operating income rose to $6.119 billion from $2.116 billion, reflecting lower expenses versus last year’s elevated charges. Net income attributable to common stock was $9.278 billion, or $1.29 per diluted share, compared with a loss of $0.03 per share in Q3 2024.

Service revenue was $25.336 billion and equipment revenue $5.373 billion. Segment results showed strong Mobility operating income of $7.125 billion, while Business Wireline posted a $354 million operating loss and Consumer Wireline earned $325 million. Other income (expense) — net was $6.254 billion, contributing to the earnings swing.

Year‑to‑date, cash from operations reached $28.964 billion, with capital expenditures of $14.061 billion. Cash and cash equivalents were $20.272 billion at September 30, 2025. AT&T repurchased approximately 87 million shares for $2.444 billion under its $10 billion buyback. Long‑term debt stood at $128.090 billion. Recent tax legislation increased current tax assets and is expected to materially reduce cash taxes paid.