AT&T (NYSE:T) Updates FY 2026 Earnings Guidance

AT&T (NYSE:T) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.250-2.350 for the period, compared to the consensus earnings per share estimate of 2.300. The company issued revenue guidance of -.

AT&T Trading Up 2.4%

Shares of AT&T stock opened at $26.62 on Friday. AT&T has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $185.87 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.34. The firm’s 50 day moving average is $27.76 and its 200 day moving average is $26.05.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T will post 2.3 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s payout ratio is presently 36.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. Morgan Stanley assumed coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Williams Trading set a $32.00 target price on shares of AT&T in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Finally, Oppenheimer boosted their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.70.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: Q1 beat on revenue and EPS — AT&T reported $31.51B in revenue and $0.57 adjusted EPS, topping estimates and showing fiber and wireless demand drove topline strength. T Q1 Deep Dive: Fiber Expansion
• Positive Sentiment: Postpaid subscriber momentum and bundling — AT&T added ~294k postpaid phone net adds and reported increased uptake of wireless+internet bundles, supporting revenue growth. AT&T shares slip on higher capex but subscriber growth top estimates
• Positive Sentiment: Fiber strategy highlighted on the earnings call — management emphasized fiber expansion and convergence as the growth driver and reiterated a multi-year investment plan. AT&T Earnings Call: Fiber Push Drives Growth Outlook
• Neutral Sentiment: Guidance reiterated — AT&T affirmed FY2026 adjusted EPS guidance of $2.25–$2.35 and free cash flow target of $18B+, which stabilizes expectations but didn’t raise the bar. AT&T Q1 Results – Earnings Call Presentation
• Neutral Sentiment: Mixed analyst moves — Scotiabank left a sector perform stance with a $31 PT (upside), while other shops adjusted targets; investor reactions vary by shop. Scotiabank price target update
• Negative Sentiment: Wireless subscriber worries and “churn” headlines — some outlets flagged concerns about postpaid-phone dynamics and churn that pressured sentiment despite the beat. AT&T Falls On Wireless Subscriber ‘Churn’ Worries
• Negative Sentiment: Free cash flow dipped as capex rose for fiber buildout — investors reacted to lower FCF versus a year ago (higher network spending) which pressured the stock. AT&T shares slide despite Q1 beat as free-cash-flow dips
• Negative Sentiment: Price-target cut from BNP Paribas Exane to $26 (neutral rating) — another analyst trimmed expectations, adding near‑term downward pressure. BNP Paribas Exane price target cut

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in shares of AT&T during the 4th quarter valued at $138,000. Bank of Jackson Hole Trust lifted its position in shares of AT&T by 11.2% during the 4th quarter. Bank of Jackson Hole Trust now owns 5,069 shares of the technology company’s stock valued at $126,000 after acquiring an additional 510 shares during the period. Acumen Wealth Advisors LLC acquired a new position in shares of AT&T during the 4th quarter valued at $120,000. Finally, Quattro Advisors LLC acquired a new position in shares of AT&T during the 4th quarter valued at $81,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.