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AT&T (T) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
AT&T (T) reported revenue of $31.6B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +0.2% from the quarter before. Operating margin was 22.3%, net earnings $4.6B (14.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.6B | +0.2% | +2% |
| Operating profit | $7.0B | +6% | +8% |
| Net earnings | $4.6B | +21% | +3% |
| Operating cash flow | $10.8B | +42% | +11% |
| Free cash flow | $5.1B | +88% | +5% |
What changed
Revenue was $31.6B in Q2 2026, up 2% year over year and roughly flat from the previous quarter. Wireless service was the largest line at 58% of revenue. Wireless service added $0.68B year over year (up 4%), 95% of the total change. Other service declined 24%.
Operating profit was $7.0B, a 22.3% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 76% reached operating profit, above the 21% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were $4.6B, up 3% year over year. The effective tax rate was 13.5%.
Operating cash flow was $10.8B (up 11% year over year), 216% of net income including minority interests. Non-cash charges added back $5.0B of depreciation and amortization. Working capital and other items added $0.82B. Capital expenditures of $5.7B left free cash flow of $5.1B.
Questions
What was AT&T's revenue in the second quarter 2026?
AT&T (T) reported revenue of $31.6B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +0.2% from the quarter before.
Was AT&T profitable in the second quarter 2026?
Operating profit was $7.0B (22.3% of revenue) and net earnings $4.6B.
Source: AT&T 10-Q on SEC EDGAR.