AT&T reported $42.9B of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and down 4% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.95.
Net new backlog added in the latest quarter: -$1.66B.
Over the last twelve months it turned about 295% of its opening backlog into revenue (12-month conversion).
The company reports 63% of the backlog due within the first 15 months.
Customer prepayments (contract liabilities) cover 10.0% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -1 points — revenue is catching up with orders.
By backlog size it ranks 23rd among US filers the cockpit tracks.
AT&T backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$42.9B
$129B
0.3 yrs
$4.29B
30 Jun 2026
$44.6B
$127B
0.4 yrs
$4.17B
31 Mar 2026
$44.4B
$127B
0.4 yrs
$4.47B
31 Dec 2025
$44.0B
$126B
0.4 yrs
$4.41B
30 Sep 2025
$42.0B
$124B
0.3 yrs
$4.12B
30 Jun 2025
$42.0B
$124B
0.3 yrs
$4.29B
31 Mar 2025
$41.7B
$123B
0.3 yrs
$4.11B
31 Dec 2024
$40.9B
$122B
0.3 yrs
$4.27B
30 Sep 2024
$38.6B
$122B
0.3 yrs
$4.22B
30 Jun 2024
$38.7B
$122B
0.3 yrs
$4.16B
31 Mar 2024
$38.9B
$122B
0.3 yrs
$3.90B
31 Dec 2023
$38.6B
$122B
0.3 yrs
$3.99B
Questions
What is AT&T's backlog?
AT&T reported $42.9B of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and down 4% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.95.
How fast does AT&T's backlog turn into revenue?
Over the last twelve months AT&T recognised revenue equal to about 295% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.