AT&T Q3 Earnings Preview: What to Watch Next (T)

Snack-Sized Version:

AT&T is set to report its third-quarter 2025 results on Wednesday, October 22, before the market opens, followed by a conference call at 8:30 a.m. ET (from AT&T Investor Relations). Analysts anticipate a quarter-over-quarter drop in both revenue and adjusted EPS as competition remains fierce and wireline weakness persists. Focus will be on the company’s progress in expanding its 5G and fiber footprint, which remains the primary growth engine. The stock is expected to face high volatility as investors track net additions for postpaid phones and fiber broadband.

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Read the Full Meal:

AT&T Inc. will announce its third-quarter 2025 financial results before the market opens on Wednesday, October 22 (news release). This earnings event is key as it provides the latest update on the company’s transition to a pure-play telecom company, focusing on 5G and fiber infrastructure. Analysts expect adjusted EPS of $0.55 per share on revenues of $30.96 billion, representing a slight revenue increase but a year-over-year decline in profit. The market will closely examine subscriber additions for the Mobility and Consumer Wireline segments to gauge the competitiveness of AT&T’s core offerings. Intense competition from rivals like T-Mobile and Verizon, especially in the saturated wireless market, continues to put pressure on subscriber growth and margins.

Key Investor Context

• Capital allocation: The recent divestiture of the remaining stake in DIRECTV is aimed at lowering the debt burden and improving liquidity, allowing for greater focus on core growth.
• Growth drivers: Momentum in the Consumer Wireline business is being driven by strong uptake in fiber broadband expansion across the nation.
• Margins: Weakness in the Business Wireline segment, primarily from lower demand for legacy voice and data, is a headwind for consolidated margins.
• Risks: Competition is fierce as rivals like Verizon also aggressively expand their fiber footprints, creating a highly saturated and challenging telecom environment.

Quick links

• Official source: press release / 8‑K / results hub
• IR hub: events & presentations · filings
• Our coverage: AT&T Considers a Move From Urban Core – AT&T · Latest: AT&T (T) Declares Dividend as 5G Focus Intensifies

Why this can matter for T holders

• Continuity: Achieving or beating the subscriber targets will validate the company’s strategy of focusing on core telecom and network growth.
• Cycle timing: Faster-than-expected fiber additions and disciplined capital spending could signal an inflection point in free cash flow generation.
• Multiple support: Outperformance could support the stock’s valuation, which currently trades below its mean based on forward price/earnings ratios.

What to watch next

1. Official filing: Link to the 8‑K/press release/SEC page: AT&T SEC Filings.
2. Next event: Link to IR calendar or webcast notice: AT&T Events & Presentations.
3. Board / governance / roadmap: Monitor for any updates on the pace of C-band 5G deployment and continued momentum in fiber deployment.

Mini FAQ

When are AT&T’s Q3 earnings being released?
The company is scheduled to report its Q3 2025 results before the market opens on Wednesday, October 22.

What is the primary focus for analysts this quarter?
Analysts are focusing on subscriber growth for both postpaid phones and fiber broadband connections to measure core business performance.