Filing Flows › AT&T (T) › Q2 2026 › vs Q2 2025
AT&T (T) Q2 2026 vs Q2 2025 (year over year)
AT&T's revenue rose $711M (+2%) from $30.8B in Q2 2025 to $31.6B in Q2 2026. The biggest changes: Service +$685M (+3%); Equipment +$26.0M (+0.5%). Operating margin 22.3% against 21.1% (+1.2 pts).
AT&T, Q2 2026: revenue $31.6B (+2% year over year), operating margin 22.3%, net earnings $4.6B, operating cash flow $10.8B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.3% | 21.1% | +1.2 pts |
| Net margin | 14.7% | 14.6% | +0.1 pts |
| Free cash flow margin | 16.2% | 15.8% | +0.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Wireless service | $18.2B | $17.5B | $678M | +4% |
| Advanced home internet | $2.9B | $2.3B | $627M | +27% |
| Business fiber and advanced connectivity | $1.9B | $1.8B | $177M | +10% |
| Other service | $1.9B | $2.5B | −$590M | -24% |
| Business transitional and other | $1.0B | $1.2B | −$207M | -17% |
| Service | $26.0B | $25.3B | $685M | +3% |
| Equipment | $5.6B | $5.6B | $26.0M | +0.5% |
| Revenue | $31.6B | $30.8B | $711M | +2% |
| Operating profit | $7.0B | $6.5B | $537M | +8% |
| Costs & expenses | $24.5B | $24.3B | $174M | +0.7% |
| Pre-tax earnings | $5.8B | $6.1B | −$304M | -5% |
| Other expense, net | $1.2B | $403M | $841M | +209% |
| SG&A | $7.2B | $6.9B | $276M | +4% |
| Other operating costs | $17.3B | $17.4B | −$102M | -0.6% |
| Net earnings | $4.6B | $4.5B | $127M | +3% |
| Minority interests | $383M | $361M | $22.0M | +6% |
| Income tax | $784M | $1.2B | −$453M | -37% |
| Depreciation & amortization | $5.0B | $5.3B | −$285M | -5% |
| Working capital & other | $1.2B | $12.0M | $1.2B | 101× |
| Operating cash flow | $10.8B | $9.8B | $1.0B | +11% |
| Free cash flow (OCF − capex) | $5.1B | $4.9B | $235M | +5% |
| Capital expenditures | $5.7B | $4.9B | $803M | +16% |
Questions
How much did AT&T's revenue grow year over year in Q2 2026?
AT&T's revenue rose $711M (+2%) from $30.8B in Q2 2025 to $31.6B in Q2 2026.
What drove AT&T's revenue change in Q2 2026?
Service +$685M (+3%); Equipment +$26.0M (+0.5%).