Is AT&T (T) Stock Finally Waking Up? Q2 Results Make a Strong Case
TLDR
- AT&T stock rose 4.8% to $24.06 after Q2 earnings beat expectations, with EPS of $0.65 vs. the $0.59 consensus
- Free cash flow hit $4.7 billion, up 6.3% year-over-year, topping management’s own guidance range
- AT&T added 432,000 postpaid phone subscribers, well above the 338,500 analysts expected
- FY2026 EPS guidance was raised to $2.25–$2.35, and the quarterly dividend remains $0.2775 per share (4.6% yield)
- Wolfe Research upgraded the stock post-earnings; consensus rating sits at Moderate Buy with a $29.19 target price
AT&T (T) stock jumped 4.8% on Friday, hitting $24.06, after the company posted Q2 results that beat Wall Street’s earnings estimate by a clear margin. Volume was heavy — over 80 million units traded, roughly 57% above the daily average.
The company reported adjusted EPS of $0.65, topping the $0.59 consensus. Revenue came in at $31.56 billion, slightly below the $31.80 billion estimate, but that wasn’t enough to dampen investor enthusiasm.
Free cash flow was the standout number. AT&T generated $4.7 billion in the quarter — a 6.3% rise year-over-year — which came in above the company’s own guidance range of $4.0 billion to $4.5 billion.
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