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AT&T T Equipment — Equipment

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Other financials

Income statement

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Revenue$31.6B+2.3%
Operating income$7.0B+8.3%
Net income$4.6B+2.8%
EPS (diluted)$0.66+6.5%

Balance sheet

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Cash & equivalents$17.6B+67.3%
Total debt$162.89B+8.5%
Total assets$428.36B+5.6%

Cash flow

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Operating cash flow$10.8B+10.6%
CapEx$5.7B+16.4%
Free cash flow$5.1B+4.8%

Valuation

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Market cap$158.02B-19.6%
Enterprise value$303.33B-9.8%
P/E7.3×-8.1×
P/S1.2×-0.3×

Profitability

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Gross margin93%
Operating margin20.1%+4.2pp
Net margin16.9%+6.7pp
FCF margin13.9%-2.0pp

Returns & leverage

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Current ratio+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: AT&T’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000732717-26-000297
Line itemThree months ended / June 30, 2026Three months ended / June 30, 2025Six months ended / June 30, 2026Six months ended / June 30, 2025
Total operating revenues31,55830,84763,06461,473
Operating Expenses
Cost of revenues
Equipment5,7415,73812,04611,432
Other cost of revenues (exclusive of depreciation andamortization shown separately below)6,3066,41212,56712,751
Selling, general and administrative7,2216,94514,53714,090
Asset impairments and abandonments and restructuring286286504
Depreciation and amortization4,9665,2519,93210,441

Item 1. Financial Statements

FAQ

What is AT&T's equipment — equipment?
AT&T (T) reported equipment — equipment of $5.74B in Q2 2026.
How has AT&T's equipment — equipment changed year-over-year?
AT&T's equipment — equipment increased by 0.1% year-over-year, from $5.74B to $5.74B.
What is the long-term trend for AT&T's equipment — equipment?
Over 3 years (2022 to 2025), AT&T's equipment — equipment has grown at a 1.9% compound annual growth rate (CAGR), from $24.01B to $25.4B.
What does equipment — equipment mean?
This metric tracks the specific financial performance of the equipment product line, capturing the direct sales volume and associated costs of hardware sold to the subscriber base. It serves as a key indicator of the company's hardware distribution strategy and its role in facilitating customer acquisition and retention through device subsidies or installment plans. This segment is distinct from recurring service revenue and is often used to gauge the velocity of hardware turnover.

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