LEDGER
Portfolio
← All instruments

T

SP100NYSE

AT&T Inc.

Communication Services · Telecom Services · United States

$25.71
+1.66% today
Mkt Cap
$176.17B
P/E
8.49×
Fwd P/E
10.03×
Div Yield
4.32%
Beta
0.417×
52W Range
58.8%
Company profileSource: provider

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

www.att.com
By the numbersComputed from live metrics

Shares trade at a low 6.9× trailing earnings, easing to 8.1× on forward estimates. Profitability shows a net margin of 16.9% and return on equity of 18.4%. Leverage is elevated at 3.3× net debt/EBITDA. Revenue grew 2.9% year-on-year. It yields 5.4% in dividends. The mean analyst target of USD30.24 sits 46.9% above the current price (Buy, 23 analysts).

AI analysisAI-generated · 04 Jul 2026 · claude-opus (research)

business model

AT&T is a telecommunications company that provides wireless and wireline connectivity, generating recurring revenue from mobility subscriptions, fiber and broadband internet, and business connectivity services. Following the spin-off of its media assets, it is focused on being a connectivity provider, monetizing postpaid wireless subscribers and expanding its fiber footprint.

revenue segments

Revenue is reported mainly across Mobility (wireless service and equipment), Consumer Wireline (fiber and broadband to homes), and Business Wireline (connectivity and services to businesses). Mobility service revenue and growing fiber revenue are the primary drivers, with legacy wireline in secular decline.

key dependencies

Depends on postpaid phone subscriber growth and churn, fiber-build execution and penetration, spectrum holdings and network capital spending, competitive pricing and promotions, debt levels and interest costs, and demand for converged wireless-plus-fiber bundles.

competitors

Competes with Verizon and T-Mobile in wireless, and with Comcast, Charter, and other cable and fiber providers in broadband; fixed-wireless access from rivals and cable-mobile offerings intensify competition across both markets.

moat

Its moat comes from expensive-to-replicate wireless and fiber network infrastructure, valuable spectrum licenses, scale economics, a large subscriber base, and bundling of mobility and fiber that can reduce churn. High capital barriers limit new entrants.

risks

Risks include intense price competition and promotional intensity in wireless and broadband, a large debt load and interest-rate sensitivity, heavy ongoing capital-expenditure needs for 5G and fiber, secular decline in legacy wireline, and potential liabilities such as those related to legacy lead-clad cables.

01

Financials & metrics

as of 28 Aug 2026
52-week rangeMid-range · 59%
Low $19.89Now $25.71High $29.79

Price is around the middle of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.

Valuation
Profitability
Growth
Financial Health
Efficiency
Cash Flow
Per Share
Dividend
Market

Tap any metric for an explanation. provider computedN/A not available from source

Profit & loss · annual (USD)latest net margin 17.5%
📈

Valuation history is being recorded

We snapshot P/E and price targets daily. This chart fills in over the coming days.

Full financial statements

Income statement

Line item20252024202320222021
Total revenue$125.65B$122.34B$122.43B$120.74B
Cost of revenue$50.82B$49.22B$50.12B$50.85B
Gross profit$74.83B$73.11B$72.31B$69.89B
Operating expense$49.83B$48.99B$47.65B$46.98B
Operating income$25.00B$24.12B$24.65B$22.91B
Interest expense$6.80B$6.76B$6.70B$6.11B
Pretax income$27.01B$16.70B$19.85B-$3.09B
Tax provision$3.62B$4.45B$4.22B$3.78B
Net income$21.95B$10.95B$14.40B-$8.52B
EBITDA$54.70B$44.04B$45.33B$21.04B
Diluted EPS$3.04$1.49$1.97-$1.13

Balance sheet

Line item20252024202320222021
Total assets$420.20B$394.80B$407.06B$402.85B
Current assets$48.73B$31.17B$36.46B$33.11B
Cash & equivalents$18.23B$3.30B$6.72B$3.70B
Inventory$2.42B$2.27B$2.18B$3.12B
Total liabilities$291.71B$274.57B$287.64B$296.40B
Current liabilities$53.78B$46.87B$51.13B$56.17B
Total debt$155.04B$140.92B$154.90B$154.68B
Long-term debt$127.09B$118.44B$127.85B$128.42B
Shareholders' equity$110.53B$104.37B$103.30B$97.50B
Retained earnings$15.77B$1.87B-$5.01B-$19.41B
Working capital-$5.05B-$15.70B-$14.67B-$23.07B

Cash flow

Line item20252024202320222021
Operating cash flow$40.28B$38.77B$38.31B$32.02B
Investing cash flow-$18.78B-$17.49B-$19.66B-$25.80B
Financing cash flow-$6.39B-$24.71B-$15.61B-$23.74B
Capital expenditure-$20.84B-$20.26B-$17.85B-$19.63B
Free cash flow$19.44B$18.51B$20.46B$12.40B
Dividends paid-$8.18B-$8.21B-$8.14B-$9.86B-$15.07B
Share buybacks-$6.58B-$215.00M-$194.00M-$890.00M
End cash position$18.53B$3.41B$6.83B$3.79B

Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.

02

Dividends

Dividend Yield
4.32%
Annual Rate
$1.11
Payout Ratio
36.6%
Frequency
Quarterly
Latest ex-date
10 Jul 2026
Pay date
03 Aug 2026
Most recent
$0.28
Dividend history · per payment (USD)
03

Analyst assessment

as of 28 Aug 2026
Buy23 analysts
Implied to mean target
+11.7%
Low $20.00High $36.00
Now
$25.71
Low
$20.00
Mean
$28.71
High
$36.00
Rating distribution
Strong Buy 3
Buy 11
Hold 10
Sell 1
Strong Sell 0

Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.

04

Technicals

as of 27 Aug 2026
CloseSMA 50SMA 200Death cross
SMA 50
$23.08
SMA 200
$25.12
RSI (14)
75.1
MACD
0.73
RSI (14) · overbought > 70 · oversold < 30
05

News

Is Quanta Services (PWR) Stock Outpacing Its Construction Peers This Year?
Here is how Quanta Services (PWR) and Tutor Perini (TPC) have performed compared to their sector so far this year.
Zacks · 4d ago
Read ↗
Are Investors Undervaluing Tutor Perini (TPC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks · 4d ago
Read ↗
Spectrum rolls out free offer after steep customer losses
Spectrum is sweetening its internet plans as it faces mounting pressure to keep customers from leaving.
TheStreet · 5d ago
Read ↗
AT&T's Dividend Costs the Company a Fixed Amount Every Quarter Regardless of Competitive Pressure From Starlink or Cable Rivals. Here's the Coverage Ratio That Actually Determines Whether It's Safe.
AT&T paid out $3.973 billion in dividends in the first half of 2026, but where does that money come from?
Motley Fool · 5d ago
Read ↗
Comcast adds new service to internet plans as customers leave
Comcast is taking a new approach as it works to retain customers amid elevated competition.
TheStreet · 6d ago
Read ↗
AST SpaceMobile vs. Boeing: Which High Flying Stock Is a Better Buy in 2026?
AST SpaceMobile burns cash while pursuing satellite broadband, while Boeing grapples with debt and production challenges, both carry distinct risks that reshape the comparison.
Motley Fool · 7d ago
Read ↗
AT&T (T) Backs AI Native Consumer Devices With New Investment
AT&T (NYSE:T) announced a new partnership with AI hardware company Hark to support next generation AI native consumer devices. The collaboration includes an AT&T investment in Hark and work on device certification and advanced network connectivity. The partnership focuses on hardware platforms built for seamless global connectivity for AI driven consumer use cases. This move highlights how AI hardware and connectivity are starting to converge, so it can be worth looking broadly at companies...
Simply Wall St. · 7d ago
Read ↗
AT&T (T) Up 9.5% Since Last Earnings Report: Can It Continue?
AT&T (T) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks · 7d ago
Read ↗
Bernstein remains bullish on SpaceX but sees challenges in telecom ambitions
The analysis carries clear implications for U.S. incumbent carriers AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS), all of which face the prospect of a SpaceX-led mobile entrant and currently invest double-digit billions of dollars annually to maintain nationwide LTE and 5G coverage.
Investing.com · 7d ago
Read ↗
TMUS Builds on Strong Service Revenue Growth: Can it Continue?
TMUS is sustaining strong service revenue growth as postpaid accounts, premium plans and ARPA gains fuel momentum.
Zacks · 7d ago
Read ↗
EchoStar’s $8.5B Profit Surge Meets AT&T’s Wireless Juggernaut
High capital expenditure demands and persistently high interest rates are putting strain on telecom balance sheets and industry participants have divided into two different frameworks. Highly leveraged companies with mature legacy operations are offloading valuable spectrum assets to pay down debt and support strategic recapitalizations. EchoStar Corporation (NASDAQ:ECHO) demonstrated the path of asset monetization with a […]
Insider Monkey · 7d ago
Read ↗
The Zacks Analyst Blog Highlights Salesforce, Seagate, AT&T and Daily Journal
Salesforce, Seagate Technology and AT&T offer contrasting growth stories, with AI, data center demand and network expansion shaping their outlooks.
Zacks · 7d ago
Read ↗
AT&T (T) Says It’s Not Scared of the “Token Apocalypse.” NVIDIA Corporation (NVDA)’s CEO Is Cheering the Same Trend
On August 12, AT&T Inc. (NYSE:T) Chief Data and AI Officer Andy Markus said OpenAI models already power about 25% of the telecom’s total AI usage, with a target of 70% to 80% over time. On the other hand, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang has spent the past month leading a consortium of companies […]
Insider Monkey · 8d ago
Read ↗
T-Mobile suffers a loss as competition for customers intensifies
T-Mobile faces concerns about its future as competition puts more pressure on its business.
TheStreet · 8d ago
Read ↗
AT&T stands to gain as Verizon loses a customer related battle
Verizon just ran out of options on something that started years ago. AT&T is still in the fight.
TheStreet · 8d ago
Read ↗
Tutor Perini Q2 Earnings Call Highlights
Tutor Perini (NYSE:TPC) reported record second-quarter revenue and operating income, supported by ramping activity on large projects, improved segment margins and strong operating cash flow. The company also raised its 2026 adjusted earnings outlook, completed a debt refinancing and increased its qu
MarketBeat · 19d ago
Read ↗
Tutor Perini (TPC) Following Strong Results And A Bigger Dividend Still Looks Undervalued
Tutor Perini (TPC) just delivered a busy early August, reporting stronger second quarter results, lifting its quarterly dividend, updating progress on its share buyback, and securing a new federal infrastructure contract. See our latest analysis for Tutor Perini. The recent earnings beat, dividend increase, buyback progress and new federal contract have coincided with strong momentum in Tutor Perini's stock, with a 30 day share price return of 30.6% and a year to date share price return of...
Simply Wall St. · 19d ago
Read ↗
Why Tutor Perini (TPC) Is Up 18.3% After Dividend Hike, Buybacks And New Federal Contract
Tutor Perini recently reported past second-quarter 2026 results showing sales of US$1,637.05 million and net income of US$65.74 million, alongside a 50% increase in its quarterly dividend to US$0.09 per share and completion of a US$29.99 million share repurchase program covering 414,952 shares. These results, together with a new US$69.5 million Death Valley National Park infrastructure contract that will enter backlog in the third quarter of 2026, highlight how Tutor Perini is pairing higher...
Simply Wall St. · 19d ago
Read ↗
Tutor Perini (TPC) Lands $69.5 Million Death Valley Water Rehab Contract
Tutor Perini (NYSE:TPC) subsidiary Perini Management Services Inc. has been awarded a significant contract to rehabilitate water and wastewater treatment systems at Death Valley National Park. The project involves upgrades to critical water infrastructure that supports park operations and visitor services. The contract adds to Tutor Perini's construction backlog and contributes to future revenue visibility from government work. For readers tracking how infrastructure and utility upgrades...
Simply Wall St. · 20d ago
Read ↗
D-Wave Quantum Q2 Earnings Call Highlights
D-Wave Quantum (NASDAQ:QBTS) reported second-quarter 2026 revenue of $3.1 million, essentially unchanged from the year-earlier period, as growth in quantum computing-as-a-service subscriptions and professional services offset a smaller contribution from systems revenue. The company said second-quar
MarketBeat · 21d ago
Read ↗
06

Sector peers

Other Communication Services names by market cap.

Compare side by side →
CompanyPriceMkt capP/EUpside
GOOGLAlphabet Inc.$351.02$4.29T17.6+47%
GOOGAlphabet Inc.$347.57$4.25T17.4+37%
METAMeta Platforms, Inc.$555.83$1.42T20.9+80%
NFLXNetflix, Inc.$80.11$333.57B25.2+69%
VZVerizon Communications Inc.$50.23$208.67B13.1+41%
TMUST-Mobile US, Inc.$183.89$197.25B19.3+63%
07

Notes & alerts

Sign in to keep a private research note and set price alerts for T.