AT&T Reports Q4 Earnings, Authorizes New $10B Buyback

AT&T ( (T) ) has shared an update.

AT&T reported on January 28, 2026, that its fourth-quarter 2025 net income attributable to common stock fell to $3.8 billion, or $0.53 per diluted share, from $4.0 billion, or $0.56, a year earlier, even as quarterly operating revenues rose 3.6% to $33.5 billion on growth in Mobility, Consumer Wireline and Mexico, partially offset by ongoing weakness in Business Wireline. For full-year 2025, net income attributable to common stock more than doubled to $21.9 billion from $10.7 billion in 2024, with earnings per diluted share rising to $3.04, driven largely by a $5.6 billion gain and related items from the sale of its remaining stake in DIRECTV and lower impairment charges versus 2024, while operating revenues increased 2.7% to $125.6 billion and operating income margin improved to 19.2% from 15.6%. Segment results underscored strategic shifts: Mobility posted 5.3% revenue growth and added 1.2 million wireless subscribers in the quarter despite slightly lower margins and higher churn; Consumer Wireline expanded revenues and sharply improved margins on fiber and AT&T Internet Air growth and lower depreciation on fully depreciated legacy assets; Business Wireline revenues declined 7.5% amid reduced demand for legacy and VPN services but saw modest margin improvement; and Mexico revenue surged 20.6% on subscriber growth and favorable foreign exchange. Cash from operations rose to $40.3 billion in 2025, capital investment stayed roughly flat at about $22 billion, and AT&T continued to use excess cash for shareholder returns, repurchasing $4.3 billion of stock under a 2024 buyback authorization and securing a new $10 billion repurchase approval on January 27, 2026, moves that signal management’s confidence but also heighten the importance of sustaining growth in core connectivity businesses while managing restructuring, legal costs and pension-related volatility.

The most recent analyst rating on (T) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on AT&T stock, see the T Stock Forecast page.

Spark’s Take on T Stock

According to Spark, TipRanks’ AI Analyst, T is a Outperform.

AT&T’s overall score reflects solid financial performance and attractive valuation, supported by strong earnings call highlights. However, technical indicators suggest bearish momentum, and challenges such as high debt levels and increased competition pose risks.

To see Spark’s full report on T stock, click here.

More about AT&T

AT&T Inc. is a global holding company operating through subsidiaries and affiliates in the telecommunications and technology industries. Its core businesses span wireless mobility, business and consumer wireline services, and Latin American operations, particularly in Mexico, with a focus on fiber, advanced connectivity, and broadband offerings such as AT&T Internet Air, alongside legacy voice and data services that remain in structural decline.

Average Trading Volume: 44,694,316

Technical Sentiment Signal: Hold

Current Market Cap: $166.2B

See more data about T stock on TipRanks’ Stock Analysis page.