Published
{
"ticker": "T",
"cik": "0000732717",
"company": "AT&T Inc.",
"business_type": "telecommunications carrier",
"schema_template": "standard operating company, adapted for a network carrier: AT&T's income statement runs from operating revenues straight into operating expenses and never strikes a gross profit line, so none is reported here. Revenue is split the way the statement splits it, into service and equipment; capital intensity is carried through capital expenditures and free cash flow.",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual dollars (not millions); per-share amounts in actual dollars; share counts in actual shares",
"units_notes_seen": {
"FY2025 10-K income statement": "Dollars in millions except per share amounts",
"FY2025 10-K balance sheet": "Dollars in millions except per share amounts",
"FY2025 10-K cash flow statement": "Dollars in millions except per share amounts",
"FY2025 10-K earnings-per-share note (share counts)": "Denominators (000,000)",
"FY2025 10-K statement of changes in stockholders' equity": "Dollars and shares in millions except per share amounts",
"Q2 2026 10-Q income statement": "Dollars in millions except per share amounts (Unaudited)",
"Q2 2026 10-Q income statement (share counts)": "Weighted Average Number of Common Shares Outstanding (in millions)",
"Q2 2026 10-Q balance sheet": "Dollars in millions except per share amounts",
"Q2 2026 10-Q cash flow statement": "Dollars in millions (Unaudited)",
"Q2 2026 10-Q segment note": "Dollars in millions except per share amounts",
"Q2 2026 10-Q statement of changes in stockholders' equity": "Dollars in millions except per share amounts"
},
"adjustments": {
"splits_applied": [],
"adr_ratio": null,
"fx": "none: AT&T reports in U.S. dollars, so no currency translation was applied"
},
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},
"notes": [
"Every figure here is read off the face of two filings: AT&T's Form 10-K for the fiscal year ended December 31, 2025 (accession 0000732717-26-000120, filed February 9, 2026) and its Form 10-Q for the quarter ended June 30, 2026 (accession 0000732717-26-000297, filed July 22, 2026). The three fiscal years and the December 31, 2025 and 2024 balance sheets come from the 10-K; the two quarters, the six-month views and the June 30, 2026 balance sheet come from the 10-Q.",
"AT&T presents its statements in millions of dollars and its share counts in millions. Every amount in this record has been restated into actual dollars and actual shares; per-share amounts are in actual dollars, as printed.",
"AT&T's income statement runs from total operating revenues straight into operating expenses and never strikes a gross profit line, so none is reported here. Revenue is split the way the statement splits it, into service and equipment, and the two cost of revenues lines the statement prints (equipment, and other cost of revenues exclusive of the depreciation and amortization shown separately) are carried separately rather than combined into a single cost of revenue.",
"FY2023 carries an income statement and a cash flow statement but no balance sheet: the 10-K's statements of income and cash flows present three years, while its balance sheet presents only December 31, 2025 and December 31, 2024.",
"Three balance-sheet subtotals are not printed as single lines by AT&T and are computed here from the lines that are. Total liabilities is total current liabilities plus long-term debt plus total deferred credits and other noncurrent liabilities. Total debt is debt maturing within one year plus long-term debt. Total equity attributable to AT&T is total stockholders' equity less the noncontrolling interest included in it. AT&T's redeemable noncontrolling interest sits between liabilities and equity on the balance sheet and is reported separately here, so total assets equals total liabilities plus total equity plus the redeemable noncontrolling interest.",
"On February 2, 2026 AT&T closed its acquisition of substantially all of Lumen Technologies' Mass Markets fiber business for $5,756 million in cash. The fiber network assets were placed in a wholly owned subsidiary, Forged Fiber 37 Services, LLC, in which AT&T plans to sell a controlling interest to an equity partner. Forged Fiber met the held-for-sale criteria and is presented as a discontinued operation, so the 2026 columns of the 10-Q separate continuing operations from a loss from discontinued operations of $28 million in the quarter and $66 million in the six months. The 2025 periods and all three fiscal years contain no discontinued operations, so their net income and income before income taxes are stated on a whole-company basis.",
"The six-month cash flow figures are the continuing-operations lines the 10-Q prints. In the first six months of 2026 discontinued operations additionally provided $31 million of operating cash and used $4,363 million of investing cash, of which $4,100 million was the portion of the Lumen purchase price allocated to the held-for-sale fiber assets.",
"The discontinued operation's assets and liabilities at June 30, 2026 \u2014 $4,474 million and $423 million, of which $3,702 million is property, plant and equipment \u2014 are disclosed in the notes rather than given their own captions on the balance sheet. The 10-Q states that the held-for-sale assets are reported in other current assets and the held-for-sale liabilities in accounts payable and accrued liabilities, so they sit inside the balance-sheet lines reported here.",
"The 10-Q's cash flow statement presents six-month columns only, so the two quarterly entries carry no cash flow block. Operating cash flow, capital expenditures and free cash flow for the current period are reported in the six-month and trailing-twelve-month views instead. The Q2 2025 entry likewise carries no balance sheet, because the 10-Q's balance sheet presents June 30, 2026 and December 31, 2025 only.",
"Free cash flow is operating cash flow less capital expenditures in every period, using the figures printed on the cash flow statement.",
"Effective with its first-quarter 2026 reporting AT&T realigned its segments to Advanced Connectivity, Legacy and Latin America, replacing the Communications and Latin America segments used in the FY2025 10-K. Segment revenues and operating income are therefore reported here only for the two quarters the 10-Q presents on the new basis, where the year-ago quarter has been recast to match. They are not comparable to the segment figures in the 10-K, and the annual periods carry no segment split for that reason.",
"The trailing twelve months ended June 30, 2026 is derived, not filed: it is fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025, line by line. Weighted-average share counts are weighted the same way \u2014 twelve months of fiscal 2025 plus six months of 2026 less the six months of 2025 they replace, divided by twelve \u2014 and the per-share amounts are struck on the same numerators the earnings-per-share notes use, which for the diluted figure adds back the dilutive effect of share-based compensation.",
"Dividends declared per common share are taken from the statements of changes in stockholders' equity: $1.11 in each of fiscal 2025, 2024 and 2023, and $0.2775 in each of the second quarters of 2026 and 2025.",
"The $8 million shown as preferred stock dividends and redemption gain for the six months ended June 30, 2025 is a net credit rather than a charge, because the $90 million gain on the May 2025 redemption of the Series B preferred shares exceeded the preferred dividends of the period.",
"AT&T strikes its per-share amounts from unrounded amounts, so recomputing earnings per share from the rounded net income and share counts published here can differ from the printed figure by about a cent.",
"No currency translation, ADR conversion or split adjustment applies. AT&T reports in U.S. dollars and files as a domestic issuer, and no stock split falls inside any period reported here."
],
"uncertainties": [
"No discrete quarterly cash flow statement exists in these filings. Operating cash flow, capital expenditures, free cash flow and dividends paid for the three months ended June 30, 2026 cannot be read off the 10-Q, and they are not estimated here.",
"The trailing-twelve-month figures are arithmetic on reported periods, not amounts AT&T published, and one seam runs through them: the six-month operating and investing cash flows exclude the discontinued operation while fiscal 2025 has none to exclude, so trailing-twelve-month operating cash flow of $39,868 million is on a continuing-operations basis and understates the all-in figure by the $31 million discontinued operations provided.",
"Trailing-twelve-month income before income taxes combines the 10-K's caption, which is whole-company, with the 10-Q's, which is before discontinued operations. The $26,138 million shown is the sum of those captions; the difference between the two readings is the $66 million after-tax loss from discontinued operations."
],
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{
"label": "Operating income",
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},
{
"label": "Advanced Connectivity revenue",
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}
},
{
"label": "Legacy revenue",
"format": "usd",
"value": 1632000000,
"text": "$1.63 billion",
"exact": "$1,632,000,000",
"compact": "$1.63B",
"abs": "$1.63 billion",
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"yoy": "down 25.9%",
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}
},
{
"label": "Pretax income",
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"value": 5822000000,
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"yoy": "down 4.5%",
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{
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{
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],
"summary": "AT&T reported $31.56 billion in operating revenues for Q2 FY2026, the quarter ended June 30, 2026, up 2.3% from a year earlier, with net income attributable to AT&T of $4.63 billion and diluted earnings per share of $0.66 against $0.62 a year earlier. The growth came from Advanced Connectivity, the new segment holding AT&T's 5G wireless and fiber business, where revenues reached $28.61 billion, up 4.1%, while the Legacy copper segment the company is decommissioning fell to $1.63 billion, down 25.9%. Operating income was $7.04 billion, up 8.3%, on lower depreciation and transformation savings, but income before income taxes fell to $5.82 billion, down 4.5%, as equity income from the sold DIRECTV stake disappeared and interest expense rose; the increases in net income (up 2.8%) and diluted EPS (up 6.5%) reflect income tax expense down 36.6% to $784 million on the resolution of IRS examinations, together with a diluted share count down to 6.95 billion from 7.22 billion after first-half buybacks.",
"qa": [
{
"q": "How much revenue did AT&T report in Q2 FY2026?",
"a": "AT&T reported $31.56 billion in operating revenues for Q2 FY2026, the quarter ended June 30, 2026. That is up 2.3% from $30.85 billion in the same quarter a year earlier."
},
{
"q": "What was AT&T's earnings per share in Q2 FY2026?",
"a": "AT&T reported diluted earnings per share of $0.66 for Q2 FY2026, up from $0.62 a year earlier, on net income attributable to AT&T of $4.63 billion."
},
{
"q": "How fast is AT&T's fiber and wireless business growing?",
"a": "AT&T's Advanced Connectivity segment, which holds its domestic 5G wireless and fiber services, produced $28.61 billion of revenues in Q2 FY2026, up 4.1% from $27.50 billion a year earlier."
},
{
"q": "How quickly is AT&T's legacy copper business shrinking?",
"a": "Revenues in AT&T's Legacy segment, the domestic copper-based voice and data operations it plans to largely retire by the end of 2029, were $1.63 billion in Q2 FY2026, down 25.9% from $2.20 billion a year earlier."
},
{
"q": "Was AT&T profitable in Q2 FY2026?",
"a": "Yes. AT&T earned operating income of $7.04 billion in Q2 FY2026, up 8.3% from a year earlier, and net income attributable to AT&T of $4.63 billion on revenues of $31.56 billion."
}
]
},
"company_details": {
"Name": "At&T Inc.",
"Ticker": "T",
"CIK": "0000732717",
"Exchange": "NYSE",
"State": "Texas",
"Incorporation": "Delaware",
"SIC": "4813",
"Office": "Technology",
"Industry": "Telephone Communications (No Radiotelephone)"
},
"next_filing": {
"predicted_date": "2026-10-30",
"predicted_type": "10-Q"
},
"fiscal_period": {
"fiscal_year": 2026,
"fiscal_period": "Q2",
"tag": "FY26Q2",
"period_end": "2026-06-30",
"form": "10-Q",
"accession": "0000732717-26-000297",
"fiscal_year_end": "1231",
"source": "facts"
}
}