AT&T Inc.
AT&T Reports First-Quarter 2026 Financial Results and Announces Lumen Fiber Business Acquisition
Summary
AT&T Inc. reported first-quarter 2026 income from continuing operations of $4.2 billion, or $0.54 per diluted share, reflecting higher Advanced Connectivity wireless and fiber revenues. The company also announced the acquisition of Lumen Technologies' mass markets fiber business, which is classified as held-for-sale and reflected as discontinued operations. Operating revenues increased by 2.9% to $31.5 billion, while operating expenses decreased by 0.1% to $24.8 billion. The Advanced Connectivity segment saw a 4.7% increase in operating revenues and a 14.8% increase in operating income. The Legacy segment experienced a 25.3% decline in operating revenues due to lower demand for legacy services. The Latin America segment reported a 20.8% increase in operating revenues, primarily due to favorable foreign exchange impacts.
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About AT&T Inc.
AT&T Inc. is a leading telecommunications conglomerate that provides a wide array of communication services. Its primary function is to offer wired and wireless voice and data telecommunications services to consumers, businesses, and governmental agencies. AT&T operates prominent brands such as AT&T Mobility, offering wireless voice and data services, and provides broadband subscription television services through its subsidiary, DirecTV. The company plays a significant role in pioneering broadband networks and building advanced mobile and 5G infrastructures, impacting various sectors such as media, entertainment, and technology. Headquartered in Dallas, Texas, AT&T also holds a strategic position in content distribution following its acquisition of Time Warner, diversifying with ventures into media production and streaming services. AT&T continues to be a driving force in shaping global communications and media landscapes by maintaining robust connectivity solutions and content delivery mechanisms.
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