AT&T (NYSE:T) delivered a steady start to 2026, reporting first-quarter consolidated revenues of $31.5 billion.
The results underscore the telecommunications giant's continued transition toward its "Advanced Connectivity" strategy, which saw service revenues for that division total $22.9 billion.
The company’s performance was anchored by a balanced growth profile across its high-speed fiber and emerging fixed wireless offerings.
For the quarter ended March 31, 2026, AT&T reported diluted earnings per share from continuing operations of $0.54.
On an adjusted basis, EPS reached $0.57, while adjusted EBITDA stood at $11.8 billion.
Operational momentum remained strong in the wireless segment, with the company adding 294,000 postpaid phone subscribers.
Within its Advanced Connectivity division, net additions totaled 584,000, consisting of an equal split between 292,000 fiber and 292,000 fixed wireless customers.
The company utilized its cash position to return value to investors, executing approximately $2.3 billion in share repurchases during the quarter.
This capital allocation reflects management's confidence in the firm's long-term cash generation capabilities as it continues to invest heavily in 5G and fiber-to-the-home infrastructure.
Looking ahead, AT&T reiterated its full-year 2026 financial guidance.
The carrier expects adjusted EPS to fall within the range of $2.25 to $2.35, supported by an annual capital investment plan of $23 billion to $24 billion.
Furthermore, the company remains on track to generate free cash flow of $18 billion or more for the fiscal year, a key metric for sustaining its dividend and ongoing network expansion.