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AT&T Inc.
T - NYSE - $24.13 (as of ) ▲ +5.10%
-
Earnings Wed 28 Oct

AT&T opens the
books on Wednesday evening.

The median of 9 price targets is $29[FMP target], stock is $24, +20.2% vs the analyst consensus median. Q2 FY26 EPS $0.65 vs $0.59 estimate: beat (+10.2%)[FMP earnings]. Stock move on D+1: -0.3%.

↓ summary below
Quick Take - in 40 seconds ·
A-
Council 3/6 - Historical V1 score 47

A- — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].

Quick Answer

AT&T Inc. (T) Q3 consensus: revenue $31.8B[FMP est], EPS $0.62[FMP est]. 8 consecutive quarters of beat[FMP earnings].

Detailed analysis below ↓
$0.62 EPS Estimate Last year $0.54 - +15% YoY
8 Beat Streak Expectations beaten consecutively for the last 8 quarters

Q2 FY26 EPS $0.65 vs $0.59 estimate: beat (+10.2%)[FMP]. Stock move on D+1: -0.3%[FMP D+1].

Next report

What to watch in Q3 FY26 (Oct 28, 2026)

  • EPS: consensus $0.62, against $0.54 in the same quarter a year ago (+15%).
  • Revenue: consensus $31.8B.

Watchlist

0 metrics stand out this quarter.

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Historical V1 score 47 / 100

Historical V1 earnings-model score (archived, Jul 26, 2026) — not the current MoonshotScore. Current MoonshotScore: T stock page

multi-pillar methodology. Cash Runway and Price Momentum strong. Revenue Growth weak.

How is it calculated? ->
Revenue Growth1.0Q2 vs Q3: growth slowing (+2.8%, below threshold)
Gross Margin6.0Q2: high margin (61.8%)
Operating Leverage2.0op margin healthy (22.3%)
Cash Runway8.0FCF positive but absorbed ($5.2B vs $5.7B CapEx)
R&D Intensity3.0low R&D investment (0.0%, weak innovation)
Price Momentum7.0RSI 68.4 positive momentum, 50d above
News Sentiment6.0majority buy (59%)
Council Score 3 / 6 Bullish

6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +20.2%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 68
Klarman value - target upside +20.2%
Buffett quality - ROE score 4/5
Munger valuation - target upside +20.2%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthStrong
Margin of SafetyModerate
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
68.4 RSI 68.4 positive momentum, 50d above
MACD
+5.30 price above 50d - support positive
50d MA
$23 stock 5.3% above - short-term support
200d MA
$25 stock 4.4% below - long-term pressure
Volume (10d)
-16% decrease - low participation
Resistance
$29
Analyst median target - upgrade trigger if broken
Current
$24
Pre-earnings position
Support
$21
Invalidation - close below this is a technical breakdown
Pattern
Range
$21-$29 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

IN LINE
Q3 FY25
$0.54 vs $0.54 est · Next-day price move: -3.6%
BEAT
Q4 FY25
$0.52 vs $0.46 est · Next-day price move: +4.4%
BEAT
Q1 FY26
$0.57 vs $0.55 est · Next-day price move: +2.4%
BEAT
Q2 FY26
$0.65 vs $0.59 est · Next-day price move: -0.3%

Q2 FY26 (July 22, 2026) EPS $0.65 vs $0.59 estimate: beat (+10.2%)[FMP]. Stock move on D+1: -0.3%[FMP D+1].

Three scenarios: what could happen?

EPS < $0.60 (no guidance)

Q2 FY26 EPS $0.65 vs $0.59 estimate: beat (+10.2%)[FMP]. Stock move on D+1: -0.3%[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q2 earnings call.

CapEx shock

Q2 CapEx $5.7B[FMP cashflow]. Q2 op margin 22.3%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q3 EPS > $0.62 + CapEx discipline
Threshold: EPS > $0.62[FMP est].
Target: Break above median target $29[FMP target]; high target $33[FMP] upper bound.
Scenario B - In-Line
EPS approx $0.62 + CapEx < $5.7B
Threshold: EPS approx $0.62[FMP est], Q1 CapEx < $5.7B[FMP].
Target: Consolidation in the band between current $24[FMP] and median $29[FMP].
Scenario C - Miss
EPS < $0.60 or CapEx >= $5.7B
Threshold: EPS < $0.60[FMP estx0.97].
Current price $24 — below SMA200 $25 [FMP].

Market Outlook

What do analysts say? 9 price targets · 27 ratings

Wall Street Consensus
$29
12-month median target price (+20.2% gap to the analyst consensus median)
16
BUY
10
HOLD
1
SELL
Risk Management
$21
Invalidation level - critical support threshold
$23 - 50-day MA (above, +5.3%)
$25 - 200-day MA (below, -4.4%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - T Q3 FY26
A-

You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Wednesday evening. The framework is ready on this page: Q3 EPS threshold $0.62[FMP], CapEx threshold "below $5.7B. Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Oct 28, 2026EARNINGSQ3 FY26 results (after market close) + earnings call
Oct 29, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Nov 9, 2026 – Nov 14, 2026FILING10-Q due within 40–45 days of quarter end (by Nov 9, 2026 – Nov 14, 2026); the exact deadline depends on filer status
~Jan 28, 2027EARNINGSQ4 FY26 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the T Q3 FY26 earnings preview cover?

This AT&T Inc. (T) Q3 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in T Q3 FY26 earnings?

AT&T Inc. (T): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

AT&T Inc. (T): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

AT&T Inc. (T): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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