Q2 25 EPS
$0.54
BEAT +1.89%
Est. $0.53
Q2 25 Revenue
$30.85B
BEAT +1.27%
Est. $30.46B
vs S&P Since Q2 25
-16.7%
TRAILING MARKET
T -3.1% vs S&P +13.6%
Market Reaction
Did T Beat Earnings? Q2 2025 Results
AT&T delivered a clean beat to kick off the second half of 2025, posting second-quarter earnings per share of $0.54 against a consensus estimate of $0.53, a 1.89% beat, while revenue of $30.85 billion topped the $30.46 billion forecast by 1.27% and g… Read more AT&T delivered a clean beat to kick off the second half of 2025, posting second-quarter earnings per share of $0.54 against a consensus estimate of $0.53, a 1.89% beat, while revenue of $30.85 billion topped the $30.46 billion forecast by 1.27% and grew 3.5% year over year. For investors watching the quarter closely, the standout driver was the Consumer Wireline segment, where fiber revenue surged 18.9% and broadband revenue climbed 10.5%, pushing segment operating income to $335 million from $184 million a year ago. Mobility reinforced the picture, adding 401,000 postpaid phone subscribers at a churn rate of just 0.87%. AT&T also disclosed $6.50 billion to $8.00 billion in expected cash tax savings through 2027 from recent federal legislation, with $3.50 billion earmarked to accelerate fiber deployment. The company guided full-year 2025 adjusted EPS to $1.97–$2.07 and free cash flow in the low-to-mid $16 billion range, with free cash flow targets stepping up to $18 billion or more in 2026.
Key Takeaways
- • 401,000 postpaid phone net adds with low 0.87% postpaid phone churn
- • Mobility service revenue growth of 3.5% driven by ARPU growth and subscriber gains
- • Consumer fiber broadband revenue growth of 18.9% year over year
- • 243,000 AT&T Fiber net adds and 203,000 AT&T Internet Air net adds
- • Higher wireless equipment sales volumes driving 18.8% equipment revenue growth
- • Broadband ARPU of $71.16, up 7.5% year over year; Fiber ARPU of $73.26, up 6.2%
- • Postpaid phone ARPU of $57.04, up 1.1% year over year
- • Higher DIRECTV distributions boosting equity in net income of affiliates
T YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
T Revenue by Segment
With YoY comparisons, source: SEC Filings
T Revenue by Geography
Regional revenue distribution
“We are winning in a highly competitive marketplace, with the nation's largest wireless and fiber networks. Customers are increasingly choosing AT&T because we have the best technology and options for wireless and broadband connectivity, backed by the AT&T Guarantee.”
— John Stankey, Q2 2025 Earnings Press Release
T Earnings Trends
T vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
T EPS Trend
Earnings per share: estimate vs actual
T Revenue Trend
Quarterly revenue: estimate vs actual
T Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.57 | — | $31.51B | — |
| Q4 25 BEAT FY | $0.47 | $0.52 | +10.64% | $33.47B | — |
| FY Full Year | $2.06 | $2.12 | +3.05% | $125.65B | +0.50% |
| Q3 25 BEAT | $0.54 | $0.54 | +0.45% | $30.71B | -0.57% |
| Q2 25 BEAT | $0.53 | $0.54 | +1.89% | $30.85B | +1.27% |
| Q1 25 MISS | $0.52 | $0.51 | -1.79% | $30.63B | +0.87% |