AT&T Inc. stock research
FY2023 Q3
AT&T (T) Gross Margin — Quarter Ended Sep 30, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit and cost of revenue were not disclosed for the comparison periods, so the gross margin improvement can only be observed in the current period.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit and cost of revenue were not disclosed for the comparison periods, so the gross margin improvement can only be observed in the current period.
- The gross margin is extremely high because cost of revenue is very low relative to revenue. This structure is the primary observable driver of margin performance.
- Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. Gross profit, cost of revenue, and gross margin for those periods were not supplied, so no comparison of profitability metrics is possible.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
99.5%
Gross profit
$30.2B
Revenue
$30.4B
Cost of revenue
$160.0M
Quarter-over-quarter change
n/a
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $30.4B | $30.2B | $160.0M | 99.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Sep 30, 2022
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin is extremely high because cost of revenue is very low relative to revenue. This structure is the primary observable driver of margin performance.
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. Gross profit, cost of revenue, and gross margin for those periods were not supplied, so no comparison of profitability metrics is possible.
Monitor whether the cost of revenue remains at the current low level in future quarters.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| AT&T Inc. (T) | 99.5% |