AT&T: Copper Shutdown & Cost Cuts—A Massive Reset For Margin Expansion!

AT&T continues to demonstrate steady progress in its strategic transformation toward advanced connectivity, driven primarily by fiber and 5G investments. In the first quarter of 2026, the company reported solid operational results aligned with prior guidance, highlighting fiber and fixed wireless customer net additions of 584,000, marking its best-ever first quarter performance and sustaining a six-quarter streak of over 500,000 net adds. The convergence of wireless and internet services remains a focal point, with about 42% of advanced home internet customers also subscribing to AT&T wireless services—a figure nearing 45% organically—reflecting a faster-than-ever year-over-year increase. This convergence reportedly reduces churn and enhances customer lifetime value, underpinning the company’s efforts to build a more robust and loyal customer base. AT&T’s acquisition and integration of Lumen’s fiber assets introduced over 1.1 million fiber customers and expanded fiber footprint by more than 4 million locations.