AT&T down despite Q1 beat on broader weakness in telecom stocks

Deutsche Telekom AG

22/04/2026 16:22

** Shares of telecom provider AT&T T.N down 2.4% at $25.28 despite Q1 beat amid broader selloff in U.S. telecom stocks

** Shares of telecom stocks down after reports of merger talks between Deutsche Telekom DTEGn.DE and T-Mobile TMUS.O

** A merger between DTEGn and TMUS, if it goes through, could create a telecom behemoth with a market capitalisation of nearly $300 bln and more than 200 million mobile subscribers combined

** T-Mobile down 4.7%, Verizon VZ.N falls 1.5%

** AT&T posts Q1 adjusted EPS of $0.57, above analysts' average estimate of $0.55; Q1 revenue of $31.5 bln, beats expectations of $321.25 - LSEG-compiled data

** Revenue growth driven by higher wireless and fiber service revenues, including contributions from acquired Lumen fiber customers

** Co reported it added more wireless subscribers in Q1 than expected

** Including session's moves, AT&T up 1.1% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))