AT&T (NYSE:T): Financial Performance and Market Position in the Telecommunications Industry

Font: Financial Modeling Prep  • Apr 08, 2026

• AT&T (NYSE:T) reported a 3.6% year-over-year revenue increase to $33.47 billion, surpassing expectations.
• AT&T Fiber connections grew by 11.5% to 10.4 million, while Mobility revenue rose by 5.3% to $24.35 billion.
• Despite strong financials, AT&T (NYSE:T) stock is not participating in the recent market rally due to sector rotation and concerns about broadband growth sustainability.

AT&T (NYSE:T) is a major player in the telecommunications industry, providing services like wireless communication, broadband, and fiber connections. Competing with Verizon, AT&T focuses on expanding its network and improving financial health. On April 8, 2026, Sam McHugh from BNP Paribas set a price target of $28 for AT&T, closely aligning with its then-current price of $28.03.

Verizon and AT&T recently released their full-year results, highlighting different strengths. Verizon's dividend is larger, but AT&T is making strides in improving its balance sheet. Verizon reported its 18th consecutive quarter of growth, with Q4 2024 wireless service revenue at $19.9 billion, and a 2.2% increase in the consumer segment to $27.56 billion.

AT&T, on the other hand, showed strong momentum with a 3.6% year-over-year revenue increase to $33.47 billion, surpassing expectations. Mobility revenue rose by 5.3% to $24.35 billion, and AT&T Fiber connections grew by 11.5% to 10.4 million. Despite these gains, AT&T's stock isn't participating in the market's recent rally.

This lack of participation is due to a shift away from defensive stocks and concerns about the sustainability of AT&T's broadband growth, as highlighted by an analyst. While Verizon aims for 8 to 9 million fixed wireless access subscribers by 2028, AT&T focuses on strengthening its core services and financial position.