AT&T Inc. (T) Stock

AT&T Inc. (T) is a Communication Services stock trading at $21.84 (as of 2026-07-17), with a market capitalization of $151.75B and a trailing P/E of 7.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

AT&T Inc. provides telecommunications, media, and technology services across wireless and broadband offerings, along with related data, voice, security, cloud, outsourcing, and managed and professional services. It serves residential customers, businesses (including multinational, small and mid-sized), governmental, and wholesale customers, selling equipment and services through retail channels and branded platforms.

Understand AT&T Inc.: how it makes money

AT&T provides wireless voice and data communications services, plus related data, voice, security, cloud, outsourcing, and managed services, and it also sells handsets and other wireless devices through company-owned stores, agents, and third-party retail.

AT&T’s profit model is driven primarily by recurring service revenue from connectivity and mobility (advanced connectivity and mobility services), with added contributions from device and equipment sales sold through its retail and distribution channels.

Revenue by segment (latest quarter)
Comm$29.5B

Business quality (Solid): Service revenue appears to be the main operational driver, and the company also has a secondary equipment sales stream, but the results can still depend on how well connectivity and device demand hold up.

Valuation: At 8× earnings, T trades 57% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Service revenue is a large, central line item: AT&T Service Revenue is listed at 33.5B, and service is also broken out as Service revenues at 25.48B.
  • Connectivity and mobility services are significant within service: Advanced Connectivity service revenue is listed at 22.9B, and Mobility revenues (segment) are listed at 21.84B.

Bear case

  • Service revenue concentration risk: Because the company’s main operating driver is service revenue from wireless connectivity and mobility services, changes in consumer or enterprise demand, usage, or competitive conditions could pressure results.
  • Equipment sales can be more variable than services: Equipment revenues are listed at 6.03B, which may fluctuate more than recurring services depending on device sales cycles.
Valuation — source: SEC EDGAR (first-party)
Price$21.84
Market Cap$151.75B
P/E Ratio7.1
EV / EBITDA3.2
Price / Book1.21
Price / Sales1.20
FCF Yield9.7%
DCF Value (model)$26.58
DCF Upside vs Price21.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$125.65B
Net Margin17.5%
Revenue Growth (YoY)2.9%
EPS Growth (YoY)-11.5%
Financial Health — source: SEC EDGAR
Altman Z-Score0.84 (distress)
Valuation vs Sector & Industry
Stock P/E7.1
Sector P/E (Communication Services)21.3
Industry P/E (Communication)15.7
vs Sector-66.8%
vs Industry-54.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($16.50B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorCommunication Services
IndustryCommunication
CEOJohn T. Stankey
Employees139,970
CountryUS
IPO Date1983-11-21

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T earnings history · T institutional & insider holders · T KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.