AI-extracted from the 10-Q filed 2026-10-21 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
AT&T's Q3 2026 revenue rose 5.3% to $32.3B driven by Advanced Connectivity wireless, fiber and equipment growth, while operating income fell 33% to $4.1B on a $3.4B impairment tied to its held-for-sale Mexico business.
Biggest Revenue Drivers
Advanced Connectivity$29.5B+7.2% YoY
Higher wireless service, advanced home internet, fiber and equipment revenues, with fiber including the acquired Lumen mass markets fiber business.
Latin America$1.2B+13.2% YoY
Growth in postpaid revenues and favorable foreign exchange impacts.
Biggest Revenue Drivers
Total revenue: $32.3B+5.3% YoY
Advanced Connectivity$29.5B+7.2% YoY
Higher wireless service, advanced home internet, fiber and equipment revenues, with fiber including the acquired Lumen mass markets fiber business.
Latin America$1.2B+13.2% YoY
Growth in postpaid revenues and favorable foreign exchange impacts.
Legacy$1.5B-24.5% YoY
Lower demand for legacy services as the copper-based network is decommissioned.
Largest Expense Items
Operations and support$23.2B+20.6% YoY
Primarily a noncash impairment charge on the held-for-sale Mexico wireless business, employee separation charges, higher equipment sales and incremental customer costs from acquired fiber business.
Depreciation and amortization$5.0B-6.4% YoY
Lower depreciation from fully depreciated legacy assets, partially offset by fiber and network upgrade capital spending.
Margins: Operating income margin fell from 19.9% to 12.7% in the quarter, driven by the Mexico impairment and employee separation charges. Advanced Connectivity operating margin improved from 23.3% to 25.9%.
Watch Items from the Filing
Mexico wireless business classified as held-for-sale, with a pre-tax impairment of approximately $2,560 and expected sale proceeds of about $2,000 in Q1 2027.
Interest expense rose 16.4% to $1,979 as debt funded the $22,650 EchoStar spectrum acquisition; long-term debt reached $150,144.
Phone postpaid churn held at 0.92% and retail wireless net adds rose to 537K, with fiber connections up 23.4% to 13.3M.
Legacy revenues fell 24.5% as copper network decommissioning continues, reducing a high-margin revenue base.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
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About AT&T INC. (T): stock profile, AI score and financials
AT&T INC. (T) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores T at 62.4/100 on a composite quality score built from its SEC filings, placing it at rank #700 of 2,925 stocks — the top 25% of the AI-ranked universe. T scores in the top quartile across revenue scale (98.8). Areas of concern include revenue growth (34.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), AT&T INC. reports quarterly revenue of $32.3B, net income of $891.0M, an operating margin of 12.7%. Top institutional holders of T by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. T trades on the NYSE exchange and files with the SEC under CIK 732717. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate T daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AT&T INC. directly from SEC EDGAR.