$T - AT&T BEATS Q3 EXPECTATIONS, RAISES 2026 EARNINGS OUTLOOK AT&T delivered a double beat: 🔸 Revenue: $32.3B vs. $31.69B expected 🔸 Adjusted EPS: $0.65 vs. $0.60 expected 🔸 Adjusted EBITDA: $12.5B 🔸 Postpaid phone additions: 379,000, broadly in line AT&T now guides for 2026 adjusted EPS of $2.40, above the $2.34 consensus. The key takeaway: Stronger earnings and an improved outlook reinforce AT&T's growth trajectory.

AT&T reported third-quarter results that beat consensus on both the top and bottom line, with revenue of $32.3 billion against an expected $31.69 billion and adjusted earnings per share of $0.65 versus $0.60 expected, alongside adjusted EBITDA of $12.5 billion and a raised 2026 earnings outlook. The beat points to stronger-than-anticipated operating momentum in the wireless and broadband franchise, and the guidance raise signals management confidence in sustaining that trajectory, which tends to reprice a defensive telecom name through earnings revisions rather than through rate sensitivity alone. T shares are the most directly exposed, and the read-through extends to peer carriers and cable operators, where investors will test whether postpaid subscriber trends are industry-wide or company-specific. Traders should watch the next consensus estimate revisions for 2026 and any commentary on postpaid churn and pricing in upcoming investor communications, since sustained upward revisions would confirm the earnings-driven re-rating thesis.

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