AT&T, Verizon Q2 Earnings Preview: Fiber and Wireless Subscriber Growth Are Key Focus
Claire Weston
AT&T reports Q2 on Wednesday; Wall Street expects EPS of $0.59, up roughly 9.3% year-on-year. Verizon reports in the same window — fiber expansion pace and wireless net adds at both carriers will test whether current valuations hold.
What is Wall Street expecting from AT&T's Q2?
Consensus EPS sits at $0.59, roughly 9.3% above the year-ago quarter.
This means → the market has already priced in modest growth. A beat moves the stock a little; a miss punishes it a lot.
Revenue guidance drops at the same time, but the real verdict hinges on two structural metrics below.
Why do fiber and wireless subscribers matter most?
Investors are focused on two numbers: fiber subscriber growth and wireless net additions.
In plain terms = fiber is AT&T's "future revenue quality"; wireless subscribers are its "current revenue scale." Both legs need to run for the valuation to stand.
This reflects a broader shift in how the market scores telecom stocks — from top-line revenue to user-structure quality: subscriber growth signals durable income.
Verizon reports at the same time — what does the side-by-side tell us?
Verizon will publish Q2 results in the same reporting window, inviting a direct comparison.
This means → if AT&T's fiber net adds clearly outpace Verizon's, capital may tilt further toward AT&T — and vice versa.
In plain terms = this is not just a two-company race. Whichever carrier grows faster becomes the market's proxy for the next phase of U.S. telecom growth.
Content is for reference only, not financial advice.