AT&T (T) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.65
- Estimate
- $0.60
- Surprise
- +7.8%
- Revenue (period 2026-09-30)
- $32.32B
- Score at report (before → after)
- 5.7 → 5.8/10
Revenue source: xbrl.
How the report landed
AT&T (T) beat the $0.60 estimate with adjusted EPS of $0.65 — a clear 7.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Sell at 5.8/10 after the report.
Coverage in the report window
- Keybanc Maintains Overweight on AT&T, Lowers Price Target to $33 — benzinga, 2026-10-22
- SpaceX Jumps 10%, Nasdaq 100 Rises as AI Trade Returns: Stock Market Today — benzinga, 2026-10-21
- Meta, Tesla On Deck Wednesday As AI Spending, Auto Demand Face Test — benzinga, 2026-10-21
Where TrendMatrix's rating stands now
TrendMatrix currently rates T Sell at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +7.8% surprise compares with a +8.3% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Product: Communications segment (97.0%)
- Concentration risk — Product: wireless service (54.0%)
- Sector modifier (Communication Services): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $21.91
- Price target
- $25.73
- Stop
- $21.14
- Upside to target
- +17.4%
- Reward-to-risk
- 2.6:1
The stock trades at 11.7× trailing but 8.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-22 — shown for context, not personalized investment advice.
T at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Telecom Services
- Market cap
- $150.14B
- P/E (fwd)
- 8.5
- P/E (ttm)
- 11.7
- 52-week range
- $19.89–$29.44
- Off 52-week high
- 25.6%
- RSI (14)
- 34
- Volume vs avg
- 1.81×
- Score today
- 5.8/10