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AT&T (T) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
AT&T (T) reported revenue of $32.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before. Operating margin was 12.7%, net earnings $891M (2.8% of revenue).
AT&T, Q3 2026: revenue $32.3B (+5% year over year), operating margin 12.7%, net earnings $891M, operating cash flow $10.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.3B | +2% | +5% |
| Operating profit | $4.1B | -42% | -33% |
| Net earnings | $891M | -81% | -90% |
| Operating cash flow | $10.5B | -3% | +4% |
| Free cash flow | $5.5B | +7% | +4% |
What changed
Revenue was $32.3B in Q3 2026, up 5% year over year and up 2% from the previous quarter. Wireless service was the largest line at 57% of revenue. Wireless service added $0.94B year over year (up 5%), 58% of the total change. Other service declined 23%.
Operating profit was $4.1B, a 12.7% margin (down 7.3 points year over year). Operating profit fell $2.0B even though revenue rose $1.6B versus Q3 2025, so costs grew faster than sales. Total costs grew 15% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $0.89B, down 90% year over year. The effective tax rate was 52.3%.
Operating cash flow was $10.5B (up 4% year over year), 829% of net income including minority interests. Non-cash charges added back $5.0B of depreciation and amortization. Working capital and other items added $4.3B. Capital expenditures of $5.1B left free cash flow of $5.5B.
Questions
What was AT&T's revenue in the third quarter 2026?
AT&T (T) reported revenue of $32.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before.
Was AT&T profitable in the third quarter 2026?
Operating profit was $4.1B (12.7% of revenue) and net earnings $891M.
Source: AT&T 10-Q on SEC EDGAR.