New York, June 2, 2026, 18:05 (EDT)
AT&T Inc. stock picked up 0.37% to $24.64 on Tuesday, snapping a six-day losing streak as investors focused on the company’s upcoming update on cash and wireless demand. Verizon shares added 0.29%. T-Mobile US moved up 1.12%.
NYSE made the move after a normal session. The exchange’s posted hours are 9:30 a.m. to 4 p.m. ET, and materials show no market holiday or closure for June 2, 2026.
AT&T has had little in the way of new headlines this week, so the shares have mostly moved with price swings, sector group and what managers signal next. The company said it plans to post Q2 results before the NYSE opens July 22 and will host a call at 8:30 a.m. ET.
Stocks got a boost from broad market strength. Wall Street closed up on Tuesday as traders stuck with bets on artificial intelligence. S&P 500 communication services stocks fell behind other sectors. Geopolitics didn’t slow buying.
AT&T dropped 1.01% Monday to $24.55, logging a sixth day in the red while the S&P 500 and Dow both ended higher. Tuesday’s move up looked like a breather in the selloff, not a change in mood.
AT&T is turning to cash now. The company reported revenue of $31.5 billion for the quarter, with adjusted EBITDA at $11.8 billion and free cash flow coming in at $2.5 billion. Adjusted EBITDA strips out interest, taxes, depreciation, amortization, and a few other line items to focus on operating profit. Free cash flow shows the money left after capital spending.
AT&T is still focused on pairing up fiber broadband with 5G wireless. The company logged 294,000 net adds for postpaid phone lines in the first quarter. It also reported 584,000 net adds in advanced connectivity internet, which covers fiber and broadband.
AT&T CEO John Stankey calls the company’s approach a scale game. In April, Stankey labeled AT&T “uniquely positioned” in “fiber and 5G” and said more customers now buy both internet and wireless service together. AT&T Newsroom
AT&T is sticking to its outlook. The company last week said it still sees second-quarter free cash flow at $4.0 billion to $4.5 billion and repeated its plan for more than $45 billion in shareholder returns by dividends and buybacks from 2026 to 2028.
Debt is still a key part of the valuation story. AT&T closed its deal to buy nearly all of Lumen Technologies’ mass-market fiber business on Feb. 2, according to an SEC filing. The fiber assets went to a new unit, Forged Fiber, which AT&T says it will partly sell to an equity partner.
But the trade carries risks. Speaking at a JPMorgan event in May, Stankey said investors are still debating cheaper customer deals that might cut ARPU, or average monthly revenue per user, while adding subscribers. He also said the outcome of the satellite joint venture’s regulatory review “remains to be seen.”
AT&T shares are trading just above Monday’s finish right now. Investors are waiting to see if the July earnings call shows its fiber and wireless strategy is really driving more cash flow from subscriber growth.
