Investors await AT&T’s Q2 report for clues on Starlink’s potential disruption to wireless markets amid a 12% share decline in 2026.
AT&T (T) releases Q2 earnings Wednesday, with analysts focusing on management’s response to Elon Musk’s Starlink wireless ambitions. The satellite broadband service, operated by SpaceX, has sparked speculation about competition in the telecom sector.
Shares of AT&T have fallen 12% year-to-date in 2026, underperforming broader market indices. The earnings call may address Starlink’s progress and its potential impact on traditional wireless providers, though no official guidance has been released.
Market reaction will hinge on AT&T’s commentary, particularly any signals about defensive strategies or partnerships to counter emerging satellite-based competitors.