AT&T stock reports 2.30 percent revenue growth in Q2

Published on 09/29/2026 at 13:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&T stock posted USD 31.56 billion in second-quarter revenue and lifted adjusted EBITDA by 5.20 percent. Morgan Stanley raised its target to USD 28.00.

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AT&T stock (ISIN US00206R1023) was trading at EUR 21.89 at Lang & Schwarz on September 29, 2026, down 0.36 percent versus the prior close of EUR 21.97. The latest operating figures show second-quarter revenue of USD 31.56 billion, up 2.30 percent year over year.

Morgan Stanley raises its target

According to MarketBeat on September 28, 2026, Morgan Stanley raised its AT&T price target from USD 27.00 to USD 28.00 and maintained an overweight rating. The change gives the stock a fresh analyst reference after AT&T's latest quarterly report.

The target revision is paired with a broader analyst average target of USD 29.25, while the MarketBeat report assigns AT&T a Moderate Buy consensus. The reference matters because the euro quote and the analyst target use different currencies and venues and are not combined into one performance figure.

Second-quarter margins improve

In the Q2 2026 earnings call transcript dated July 22, 2026, Fortune reported that adjusted EBITDA rose 5.20 percent year over year and the adjusted EBITDA margin reached 39.10 percent, up 110 basis points. Adjusted EPS was USD 0.65, compared with USD 0.54 a year earlier.

The cash-flow picture also strengthened in the quarter. AT&T reported USD 4.70 billion in second-quarter free cash flow, while full-year adjusted EPS guidance remained USD 2.25 to USD 2.35, according to the same July 22, 2026 transcript.

Next earnings date is October 21

AT&T's investor-relations calendar lists October 21, 2026, for the company's third-quarter earnings call. The date gives the market a defined checkpoint for wireless growth, fiber additions, cash flow and the pace of the company's connectivity investment.

AT&T stock trades below the prior close

AT&T stock was trading at EUR 21.89 at Lang & Schwarz on September 29, 2026, at 1:43 p.m. CEST. The price was down 0.36 percent versus the Lang & Schwarz prior close of EUR 21.97.