On July 22, AT&T Inc rose 4.76% in regular trading, trading at $23.27/share, with turnover of $161 million. The rally was driven by the company's Q2 earnings report, which showed adjusted EPS of $0.65 significantly beating the consensus estimate of $0.59, representing a 20.37% year-over-year increase.

Wireless postpaid phone net additions reached 432,000, far exceeding the expected 325,300. Consolidated revenue came in at $31.56 billion, up 2.3% year-over-year, while adjusted EBITDA grew 5.2% to $12.3 billion. The advanced connectivity segment posted service revenue growth of 5.1%, driven by fiber expansion and the prior Lumen acquisition. The company reaffirmed full-year adjusted EPS guidance of $2.25 to $2.35 and announced accelerated share repurchases. Management noted it remains on track to reach over 40 million total fiber locations by year-end. Despite ongoing competitive pressure from Starlink in the wireless market, the strong subscriber growth reinforced investor confidence in the company's execution capabilities.

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