T

AT&T's stock price has fluctuated, with recent declines of 8.01% over the past 30 days and 8.41% over the past 12 months as of May 8, 2026. However, earnings reports have shown operational strength, with the stock often rising after earnings releases. Strong fourth-quarter 2025 and first-quarter 2026 results were driven by wireless and fiber demand. The updated capital allocation strategy, emphasizing share repurchase alongside dividends, has created mixed investor sentiment. The acquisition of Lumen's Mass Market fiber business in Q1 2026 increased net debt and decreased free cash flow, though the company projects over $18 billion in free cash flow for the full year 2026.