Verizon, T-Mobile, and AT&T released their Q2 2026 earnings reports last week, revealing significant growth trends in the telecommunications sector. All three companies reported year-over-year increases in earnings per share (EPS), indicating improved subscriber retention and growth without reliance on promotional subsidization. Each also increased shareholder returns, signaling confidence in their stock values.
AT&T Inc. (NYSE: T) added 432,000 postpaid phone subscribers and 646,000 internet subscribers, achieving a 27% year-over-year revenue increase in home internet services. Management reaffirmed a full-year EPS guidance of $2.25 to $2.35. T-Mobile US Inc. (NASDAQ: TMUS) saw a total of 277,000 postpaid net account additions but warned of a weak Q3 due to planned price hikes. Meanwhile, Verizon Communications Inc. (NYSE: VZ) added 184,000 postpaid phone nets and 348,000 broadband subscribers, exceeding expectations and raising full-year EPS estimates to $4.99 to $5.04.
Key highlights from the reports include AT&T’s postpaid wireless churn rate, which dropped to 0.86%, and Verizon’s projected mobility and broadband service revenue growth of 3% in Q3. T-Mobile’s average revenue per account (ARPA) grew by 2% to $152.91. The latest trends suggest a robust yet competitive telecom environment, with differing impacts on stock performance among the carriers.
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