Why Is AT&T INC (T) Stock Moving Today?

Why T stock is moving today

T stock is moving higher today, with shares opening at $22.88, a 2.8% gap up from the prior close. The move follows AT&T's Q2 earnings report, which showed better-than-expected results in earnings per share and subscriber growth. The company also announced a $10 billion share buyback plan, which has contributed to the stock's upward trajectory.

What Happened

AT&T reported adjusted earnings per share of $0.65 for the second quarter, exceeding analyst estimates of $0.59. The company added more wireless and internet subscribers than expected, which helped lift revenue. The CEO, John Stankey, discussed the results on "Squawk Box," addressing the company's performance and competition from Starlink. AT&T also reiterated its 2026 and multi-year financial guidance, including improved year-over-year growth in wireless service revenue and consolidated adjusted EBITDA.

What The Data Shows

Intraday data shows the stock opened with a 2.8% gap and reached a high of $23.54 at 8:25 AM ET. The session low was $22.87 at 7:00 AM ET, with the last trade at $23.33. Volume so far is 4.7 million shares, which is 0.1 times the 3-month daily average. The stock has moved up 3.9% over the last 8 sessions, from $21.18 to $22.00. Recent unusual options activity includes three notable prints, with a total call premium of $2.2 million and no put premium. The 52-week tape shows 9 fresh 52-week highs and 5 fresh 52-week lows on July 22.

What To Watch

AT&T's next earnings report is scheduled for July 22, 2026. Investors should monitor the company's performance against its guidance and any further updates on its financial strategy.