AT&T (T) is trading up at $23.50 (+1.95%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Communication Services sector.
Analyst price targets on T
Current price targets from 3 firms average $26.8, median $27.5, ranging from $24 to $29 — the average is 14% above the current $23.5. Each is tracked to its date and scored the same way a member's call is.
- Bernstein $22.5 → $24 by Oct 2027 Oct 13, 2026 via Investing.com · Bernstein's track record
- Scotiabank $22.2 → $27.5 by Oct 2027 Oct 9, 2026 via Yahoo Finance · Scotiabank's track record
- Wolfe Research $24.1 → $29 by Jul 2027 Jul 24, 2026 via Yahoo Finance · Wolfe Research's track record
- Bernstein $24.1 → $25 by Jul 2027 Jul 24, 2026 via Investing.com Canada · Bernstein's track record
- Bernstein $21.6 → $25 by Jul 2027 Jul 13, 2026 via Investor's Business Daily · Bernstein's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
AT&T revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $163.8B | $160.5B | $170.8B | $181.2B | $143.1B | $134.0B | $120.7B | $122.4B | $122.3B | $125.6B |
| Growth (year over year) | +11.6% | −2.0% | +6.4% | +6.1% | −21.1% | −6.3% | −9.9% | +1.4% | −0.1% | +2.7% |
| Operating income | $23.5B | $20.0B | $26.1B | $28.0B | $8.37B | $25.9B | −$4.59B | $23.5B | $19.0B | $24.2B |
| Operating margin | 14.4% | 12.4% | 15.3% | 15.4% | 5.9% | 19.3% | −3.8% | 19.2% | 15.6% | 19.2% |
| Net income | $13.0B | $29.4B | $19.4B | $13.9B | −$5.18B | $20.1B | −$8.52B | $14.4B | $10.9B | $22.0B |
| Net margin | 7.9% | 18.3% | 11.3% | 7.7% | −3.6% | 15.0% | −7.1% | 11.8% | 8.9% | 17.5% |
| EPS (diluted) | $2.10 | $4.76 | $2.85 | $1.89 | −$0.75 | $2.73 | −$1.13 | $1.97 | $1.49 | $3.04 |
| Balance sheet | ||||||||||
| Cash and equivalents | $5.79B | $50.5B | $5.20B | $9.70B | $7.92B | $19.2B | $3.70B | $6.72B | $3.30B | $18.2B |
| Total assets | $403.8B | $444.1B | $531.9B | $551.7B | $525.8B | $551.6B | $402.9B | $407.1B | $394.8B | $420.2B |
| Total liabilities | $279.7B | $302.1B | $338.0B | $349.7B | $346.5B | $367.8B | $296.4B | $289.6B | $276.6B | $293.7B |
| Long-term debt | $113.7B | $126.0B | $166.3B | $151.3B | $153.8B | $151.0B | $128.4B | $127.9B | $118.4B | $127.1B |
| Shareholders' equity | $124.1B | $142.0B | $193.9B | $201.9B | $179.2B | $183.9B | $106.5B | $117.4B | $118.2B | $126.5B |
| Cash flow | ||||||||||
| Operating cash flow | $38.4B | $38.0B | $43.6B | $48.7B | $43.1B | $42.0B | $35.8B | $38.3B | $38.8B | $40.3B |
| Capital expenditure | $21.5B | $20.6B | $21.3B | $19.6B | $14.7B | $15.5B | $19.6B | $17.9B | $20.3B | $20.8B |
| Free cash flow | $16.9B | $17.4B | $22.4B | $29.0B | $28.4B | $26.4B | $16.2B | $20.5B | $18.5B | $19.4B |
| Dividends paid | $11.8B | $12.0B | $13.4B | $14.9B | $15.0B | $15.1B | $9.86B | $8.14B | $8.21B | $8.18B |
| Share buybacks | $512.0M | $463.0M | $609.0M | $2.42B | $5.50B | $202.0M | $890.0M | $194.0M | $215.0M | $4.50B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $30.2B | $32.3B | $30.6B | $30.8B | $30.7B | $33.5B | $31.5B | $31.6B |
| Growth (year over year) | −0.5% | +0.9% | +2.0% | +3.5% | +1.6% | +3.6% | +2.9% | +2.3% |
| Operating income | $2.12B | $5.33B | $5.75B | $6.50B | $6.12B | $5.79B | $6.66B | $7.04B |
| Operating margin | 7.0% | 16.5% | 18.8% | 21.1% | 19.9% | 17.3% | 21.1% | 22.3% |
| Net income | −$174.0M | $4.08B | $4.35B | $4.50B | $9.31B | $3.79B | $3.83B | $4.63B |
| Net margin | −0.6% | 12.6% | 14.2% | 14.6% | 30.3% | 11.3% | 12.2% | 14.7% |
| EPS (diluted) | −$0.03 | $0.56 | $0.61 | $0.62 | $1.29 | $0.52 | $0.54 | $0.66 |
| Balance sheet | ||||||||
| Cash and equivalents | $2.59B | $3.30B | $6.88B | $10.5B | $20.3B | $18.2B | $12.0B | $17.6B |
| Total assets | $393.7B | $394.8B | $397.5B | $405.5B | $423.2B | $420.2B | $421.2B | $428.4B |
| Total liabilities | $277.4B | $276.6B | $277.6B | $284.1B | $296.5B | $293.7B | $295.6B | $301.9B |
| Long-term debt | $126.4B | $118.4B | $117.3B | $123.1B | $128.1B | $127.1B | $131.6B | $134.6B |
| Shareholders' equity | $116.3B | $118.2B | $119.9B | $121.4B | $126.8B | $126.5B | $125.6B | $126.4B |
| Cash flow | ||||||||
| Operating cash flow | $10.2B | $11.9B | $9.05B | $9.76B | $10.2B | $11.3B | $7.59B | $10.8B |
| Capital expenditure | $5.30B | $6.84B | $4.28B | $4.90B | $4.89B | $6.78B | $4.88B | $5.70B |
| Free cash flow | $4.93B | $5.05B | $4.77B | $4.87B | $5.26B | $4.54B | $2.72B | $5.10B |
| Dividends paid | $2.04B | $2.04B | $2.09B | $2.04B | $2.03B | $2.01B | $2.00B | $1.98B |
| Share buybacks | $43.0M | $13.0M | $218.0M | $961.0M | $1.49B | $1.83B | $2.48B | $2.19B |
From AT&T's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About AT&T
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications company headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world's third-largest telecommunications company by revenue, the third-largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's largest fiber internet provider. On the New York Stock Exchange, AT&T trades under the ticker symbol "T", and has a market capitalization of $186.83 billion. On the Fortune 500 (2025) AT&T ranked 37th among the largest American businesses and reported revenues of $125.6 billion last year.
- Headquarters
- Dallas, Texas From SEC filings, Oct 2026
Recent News (3)
-
SA Asks: How much of a threat is SpaceX to AT&T, Verizon, T-Mobile? (T:NYSE) SA Asks: How much of a threat is SpaceX to AT&T, Verizon, T-Mobile? (T:NYSE) Seeking Alpha
-
Better Telecom Stock: AT&T vs. Verizon Communications Better Telecom Stock: AT&T vs. Verizon Communications The Motley Fool
-
Here's how much it could cost SpaceX to take on Verizon, T-Mobile, and AT&T Here's how much it could cost SpaceX to take on Verizon, T-Mobile, and AT&T Yahoo Finance
More Communication Services stocks
- OMC Omnicom Group
- PSKY Skydance Corporation
- RDDT Reddit
- SATS EchoStar
- TKO TKO Group Holdings
- TMUS T-Mobile US
- TTWO Take-Two Interactive
- VZ Verizon