AT&T topped Q2 fiscal 2026 with revenue of $31.56 billion (up 2.3% YoY) and adjusted EPS of $0.65, beating consensus $0.59. The stock rose more than 4% as investors priced in improving profitability despite fierce wireless competition. Broad markets were mixed, with energy rallying and tech lagging, signaling continued sector dispersion.
AT&T reported stronger-than-expected wireless subscriber growth in the second quarter, driven by revamped low-cost unlimited plans and bundled mobile-broadband offerings aimed at value shoppers. The results suggest improved customer acquisition and could support revenue growth, though margin impact from deeper discounts remains a key risk. Investors will monitor ARPU trends and future guidance.
AT&T's collaboration with Ericsson and MediaTek on a 5G Advanced Mobility trial shows tangible improvements in handoffs, potentially boosting subscriber retention if sustained. With a sub-8x earnings multiple and price action constrained below key moving averages, the stock faces a 'prove it' phase ahead of the July 22, 2026 earnings preview.
California regulators asked a court and the FCC to reject AT&T's plan to stop copper service for new customers, arguing the obligation is technology-neutral and replacements may not meet standards. The stock rose modestly in a mixed tape but remains in a downtrend, needing a move above the $26 area and reclaim of the key moving averages to shift the trajectory.
AT&T disclosed CFO Pascal Desroches will retire by Dec 31, 2026, with Jennifer Biry set to take the role in 2027. The stock trades near 52-week lows and remains below major moving averages, suggesting a weak trend unless price reclaims key levels.
AT&T trades flat near a key support around $22.75, creating a constructive technical setup. The stock is described as oversold, suggesting buyers could step in and push the price higher in the near term. With no new fundamentals cited, the move hinges on momentum and broader market dynamics.