AT&T

T · Communication Services · Market cap $159B

Q2 FY26 Jun 30, 2026 reported Jul 22, 2026

Revenue$31.6B +2% year over year

Gross profit$19.2B

Operating profit$7B

Net profit$4.6B 15% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	31.6	100%	+2%
Wireless Service	18.2	58%	+4%
Product	5.6	18%	+0%
Advanced Home Internet	2.9	9%	+27%
Business Fiber and Advanced…	1.9	6%	+10%
Service Other	1.9	6%	−24%
Business Transitional	1	3%	−17%
Cost of revenue	−12.3	39%
Gross profit	19.2	61% margin	+0pp
SG&A	−7.2	23%	+0pp
Other	−5	16%	+0pp
Operating profit	7	22% margin	+1pp
Tax	−0.8
Interest & other costs	−1.6
Net profit	4.6	15%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	31.5	100%	+3%
Wireless Service	17.7	56%	+2%
Product	6	19%	+10%
Advanced Home Internet	2.8	9%	+27%
Service Other	2	6%	−23%
Business Fiber and Advanced…	1.9	6%	+7%
Business Transitional	1.1	3%	−16%
Cost of revenue	−12.6	40%
Gross profit	18.9	60% margin	+1pp
SG&A	−7.3	23%	+0pp
Other	−5	16%	+0pp
Operating profit	6.7	21% margin	+2pp
Tax	−1.2
Interest & other costs	−1.7
Net profit	3.8	12%	−2pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	33.5	100%	+4%
Communications	32.1	96%	+3%
Latin America Business	1.3	4%	+21%
Cost of revenue	−15.2	45%
Gross profit	18.3	55% margin	−1pp
SG&A	−7.4	22%	−1pp
Other	−5.1	15%	+0pp
Operating profit	5.8	17% margin	+1pp
Tax	−0.1
Interest & other costs	−1.9
Net profit	3.8	11%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	30.7	100%	+2%
Wireless Service	17.6	57%	+3%
Product	5.4	18%	+6%
Fiber and Advanced Connectivity…	4.1	13%	+12%
Legacy Voice and Data	2.5	8%	−18%
IP Broadb and	0.9	3%	−9%
Other Service	0.3	1%	−9%
Cost of revenue	−11.8	38%
Gross profit	18.9	62% margin	+15pp
SG&A	−7.5	24%	+1pp
Other	−5.3	17%	+0pp
Operating profit	6.1	20% margin	+13pp
Tax	−1
Net profit	9.3	30%	+31pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 22, 2026	$31.6B	+2%	22%	$4.6B	15%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 27, 2026	$31.5B	+3%	21%	$3.8B	12%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 9, 2026	$33.5B	+4%	17%	$3.8B	11%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 31, 2025	$30.7B	+2%	20%	$9.3B	30%