From AT&T to Verizon: Tracking quarterly earnings in wireless in Q2 2017


How did the wireless industry perform in the final quarter of 2017? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's biggest public carriers, handset makers, equipment suppliers and others.

And don't forget to check out our wrapup pages for the first, second, third and fourth quarters of 2016.

Finally, make sure to check out FierceTelecom's look at the second-quarter season for the wired telco providers, and FierceCable for a look at the cable industry in the second quarter.

June 23

BlackBerry (Nasdaq: BBRY)

Black reported a surprising profit during its latest quarter, but shares dipped on the news that revenue from enterprise software and services—which has become a key focus for the Canadian company—dipped to $101 million from $106 million during the year-ago period. And orders from enterprise customers dipped sequentially, falling from 3,500 orders during the previous quarter to 3,000 in the latest period. The company maintained its outlook for the fiscal year, however.
- see this CNBC report
- read BlackBerry’s press release

July 18

América Móvil (TracFone)

América Móvil’s net profit nearly doubled in the second quarter thanks largely to postpaid wireless growth and favorable currency exchange rates. And Carlos Slim’s massive telecom saw U.S. revenues grow even as the company's customer base there shrank.
- see this story
- read América Móvil’s press release (PDF)

Ericsson (Nasdaq: ERIC)

Shares of Ericsson plummeted more than 15% after the company posted a disappointing second quarter and lowered expectation for all of 2017. The venerable telecom gear vendor saw an operating loss of $145.3 million during the period, marking a dramatic reversal from the $338.2 million profit it posted during the same period a year ago and far worse than the $29.4 million loss expected by analysts. Sales decreased by 8% year over year and revenue was down 7.7%.
- read this article
- see Ericsson's earnings release

July 19

T-Mobile (Nasdaq: TMUS)

T-Mobile posted yet another impressive quarter in terms of both subscribers and the bottom line, leading some onlookers to wonder whether the carrier should participate in any M&A activity in the near future. The nation’s No. 3 wireless network operator reported 1.3 million total net additions for the quarter, marking 17 straight quarters of more than 1 million new net customers, and it saw 817,000 total branded postpaid net additions. As New Street Research pointed out, though, T-Mobile’s new Digits service was responsible for a sizable chunk of the carrier’s second-quarter customer additions.
- read this report
- check T-Mobile's announcement

Qualcomm (Nasdaq: CCOM)

Shares of Qualcomm sank this morning after the company posted a lackluster fiscal third quarter due largely to its ongoing licensing dispute with Apple. The chipmaking giant posted (PDF) $5.4 billion in revenue, down 11% year over year, and net income fell a whopping 40% to $900 million. Operating income came in at $1.6 billion, down 51% year over year.
- see this story
- read Qualcomm's earnings release (PDF)

July 24

Alphabet/Google (Nasdaq: GOOG)

Alphabet's second-quarter profit slid due primarily to a $2.74 billion fine from European antitrust regulators, but some other key metrics were solid. Revenue jumped 21% to $26.01 billion, paid clicks were up 52% year over year, and earnings per share of $5.01 soundly beat analysts' estimates of $4.49.
- see this CNBC report
- read Alphabet's earnings announcement

July 25


Shares of AT&T inched upward as the company posted a relatively solid second quarter despite losing postpaid wireless customers. The nation’s second-largest carrier said earnings came in at 79 cents a share, up from 72 cents per share during the same period a year ago, although overall revenue fell 1.7% to $39.8 billion. Wells Fargo Securities and other analysts had predicted earnings per share of 74 cents and total revenue of $40.02 billion.
- read this report
- check AT&T's press release

July 26

Facebook (Nasdaq: FB)

Mobile video ads helped drive a 44.7% year-over-year increase in revenue for Facebook as the company earned $9.32 billion, beating analysts' estimates of $9.2 billion. But the breakneck pace of revenue growth actually slowed year over year, indicating the company may be running out of inventory on which to place ads -- particularly on the smaller screens of smartphones.
- read this TechCrunch story
- see Facebook's earnings announcement

July 27

Verizon (NYSE:VZ)

Verizon’s decision to join its rivals in offering unlimited data plans continued to pay dividends in the second quarter. Whether that strategy is sustainable, though, still isn’t clear.The nation’s largest wireless carrier reported 614,000 total postpaid net additions during the quarter, soundly beating Wells Fargo Securities’ prediction of 112,000, and its 358,000 net postpaid phone adds outperformed Wells Fargo’s estimate of 75,000.
- read this report
- see Verizon's press release


Samsung posted a record operating profit of $12.6 billion in the second quarter thanks largely to the continued success in selling smartphone components. Sales of its latest flagship, the Galaxy S8, accounted for more than half of its mobile growth, although lower-priced models didn't fare as well during the quarter.
- check this Bloomberg article
- see Samsung's earnings release (PDF)

Nokia (NYSE:NOK)

Nokia's second-quarter operating profit came in at $674 million, up 73% year over year, on unexpectedly strong demand for its wireless networking gear as well as a patent deal with Apple. The company ratcheted down expectations for the full year, though, saying it would likely see an overall decline of 3% to 5% rather than the low-single digit decline it had previously forecast.
- read this Reuters story
- check Nokia's earnings release (PDF)

August 1

Apple (Nasdaq: AAPL)

August 8

Sprint (NYSE: S)


Dish Network (Nasdaq: DISH)

U.S. Cellular (NYSE:USM)