AT&T Inc. (T) earnings on July 22, 2026

Before the market opens Q2 2026

More AT&T Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

AT&T shares rallied sharply after earnings, gaining despite a broader market decline, as investors reacted positively to the results.

T price around the earnings

23.04

Change: +3.5%

2026-07-22, 20:00 UTC

Start of the measured window End of the measured window
22.24 22.65 23.07 23.48 22.26
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 22, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Strong past earnings and high analyst upside drive a robust bounce after a strong recent drop, despite projected negative quarterly EPS growth.

Context analyzed before publication

Trend
Significant selloff followed by a strong bounce after a strong recent drop, with improving trend strength into earnings.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.08
Analysts covering the stock
23
Average price target
29.03
Lowest price target
18
Highest price target
36
Upside to price target
30.4%
Quarterly earnings growth
-12%
Revenue growth
2.9%
Forward EPS
2.55
Trailing EPS
2.97
Analyst moves in the last 60 days
7
  • Strong buy: 4
  • Buy: 11
  • Hold: 10
  • Sell: 1
  • Strong sell: 0
Strong buy
4
Buy
11
Hold
10
Sell
1
Strong sell
0
  • July 20, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • July 15, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
  • July 8, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 8, 2026 · Wells Fargo: Initiates coverage (Underweight)
  • July 7, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • June 12, 2026 · Freedom Broker: Initiates coverage (Buy)
  • June 3, 2026 · Oppenheimer: Downgrades rating (Outperform → Perform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (5)

Technicals

Evidence

Average true range (ATR)
2.9%
Distance to 52-week high
-21.7%
14-day change (14d)
+5.8%
30-day change (33d)
+1.3%
30-day relative strength
+1.1%
SPY change (33d)
+0.2%
Nearest support
22.23
Nearest resistance
22.4
Volume accumulation ratio (14d / 46d)
1.46

Trends

Evidence

Average earnings surprise
+4.3%
  • April 22, 2026: actual EPS 0.57 vs estimate 0.55 (surprise +3.4%)
  • January 28, 2026: actual EPS 0.52 vs estimate 0.47 (surprise +11.6%)
  • October 22, 2025: actual EPS 0.54 vs estimate 0.54 (surprise +0.5%)
  • July 23, 2025: actual EPS 0.54 vs estimate 0.53 (surprise +1.9%)

Expected move

There is no implied-move data available for this event.

Reactions over its last 20 earnings

Median move
4.3%
75th percentile move
6.4%
90th percentile move
7.7%
Up / down moves
14 / 6
Average up move
+3.6%
Average down move
-5.2%

Monitoring and close

What AT&T Inc. reported

Status
Finished
Actual EPS0.65
EPS estimate0.59
EPS surprise+10.2%
Revenue$31,558 million
Revenue estimate$31,804 million
Revenue surprise-0.8%

AT&T posted fifth straight earnings beat with strong wireless additions; shares rose 4%. CEO dismissed Starlink competition as 'very late to the game'.

Sources (47)

Pre-market second reading after the results

Verdict
Mixed results

Heading into the open, the figures confirm the optimistic scenario. In the 1260 past cases with a similar move, the close held that direction 86% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+3.5%
Max favorable move (MFE)
9.1%
Max adverse move (MAE)
0%