The company is driving growth in converged fiber and 5G customers. AT&T has passed 32 million consumer and business locations with fiber and is reorganizing to focus on Advanced Connectivity services, which contributed approximately 90% of consolidated revenues in 2025.
Cyborg Score Rationale
AT&T projects low-single-digit service revenue growth, 3-4% EBITDA growth in 2026, and adjusted EPS of $2.25-$2.35. The company benefits from scale and fiber investments but faces legacy business headwinds.
Top Insights
Wireless business contributes nearly 70% of revenue; company connects 74 million postpaid and 17 million prepaid customers
May 2025 acquisition of Lumen Technologies' fiber business expands footprint
Company sold 70% equity stake in DirecTV to TPG, streamlining media exposure
Employee headcount declined 5.65% in 2026, from 140,990 to 133,030, reflecting ongoing efficiency initiatives
Named Competitors
Verizon — Leading US wireless and broadband provider
T-Mobile — Third major US wireless carrier with aggressive growth
Comcast — Major broadband and pay-TV provider
Recent Developments
(January 2026) Q4 2025 earnings show strong growth in converged fiber and 5G; company announces new Advanced Connectivity reporting segment
(May 2025) Acquisition of Lumen Technologies' mass-market fiber connectivity business completed
(2025) Reorganization of business segments to emphasize Advanced Connectivity as primary growth driver
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