AT&T reported third-quarter adjusted EPS of 65 cents, ahead of the 60-cent consensus, with revenue of $32.3 billion beating estimates of $31.7 billion. Wireless postpaid phone net additions came in at 379,000, slightly below the roughly 387,000 analysts expected, while postpaid phone-only churn held at 0.92%. The earnings beat flows primarily through operating earnings and cash generation, which matters for a capital-intensive telecom carrier that relies on steady free cash flow to fund dividends and debt service in a higher-rate environment. The narrow miss on subscriber growth points to competitive intensity in wireless, where traders will weigh whether the revenue and margin strength reflects pricing and mix rather than a slowing customer pipeline. Investors will focus on the reaffirmed or updated full-year adjusted EPS outlook of about $2.40 and on management commentary about fourth-quarter postpaid net adds, with rival carrier results and the next consumer-spending and wireless-competition data as the key cross-reads.
$T | AT&T Q3 Earnings: - Adjusted EPS: 65c (est 60c) - Revenue: $32.3B (est $31.7B) - Postpaid Phone-Only Churn: 0.92% - Wireless Postpaid Phone Net Adds: 379,000 (est 387,410) - Sees FY Adjusted EPS: About $2.40, Saw $2.25 To $2.35 (est $2.35)
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