What is AT&T's legacy — operating income (loss)?

AT&T (T) reported legacy — operating income (loss) of $612M in Q1 2026.

What does legacy — operating income (loss) mean?

This is the profit or loss generated by the legacy segment after subtracting all operating expenses from total operating revenues. It serves as the primary measure of the segment's financial viability and contribution to the company's bottom line. A shrinking operating income is typical for legacy segments as they transition toward sunsetting.

AT&T T Legacy — Operating Income (Loss)

Other segment segments

Advanced Connectivity

$6.85B—

Corporate & Other

-$827M+35.4%

Latin America

$20M—

Similar metrics at other companies

ROKLifecycle Services — Operating Income (Loss)

$80M+2.6%

DJCOTraditional Business — Operating Income

-$484K-155%

MTRXCorporate Segment — Operating Income (Loss)

-$7.98M-16.0%

BCCorporate Segment — Operating Income (Loss)

-$41.3M-22.2%

BHFLife — Operating Income (Loss)

-$6M-167%

WKCLand — Operating Income (Loss)

$2.2M+105%

Other financials

Income statement

See full

Revenue$31.5B+2.9%

Operating income$6.7B+15.7%

Net income$3.8B-12.0%

EPS (diluted)$0.54-11.5%

Balance sheet

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Cash & equivalents$12.0B+73.8%

Total debt$157.31B+9.6%

Total assets$421.19B+6.0%

Cash flow

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Operating cash flow$7.6B-16.1%

CapEx$4.9B+14.0%

Free cash flow$2.7B-43.0%

Valuation

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Market cap$155.78B-22.0%

Enterprise value$301.13B-10.5%

P/E7.3×-9.6×

P/S1.2×-0.4×

Profitability

See full

Gross margin93%—

Operating margin19.8%+4.4pp

Net margin16.9%+7.3pp

FCF margin13.7%-2.1pp

Returns & leverage

See full

Current ratio0.9×+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: AT&T’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AT&T's legacy — operating income (loss)?: AT&T (T) reported legacy — operating income (loss) of $612M in Q1 2026.
What does legacy — operating income (loss) mean?: This is the profit or loss generated by the legacy segment after subtracting all operating expenses from total operating revenues. It serves as the primary measure of the segment's financial viability and contribution to the company's bottom line. A shrinking operating income is typical for legacy segments as they transition toward sunsetting.