Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
vs S&P Since Q1 26
-8.3%
TRAILING MARKET
TMUS -2.5% vs S&P +5.8%
Market Reaction
Did TMUS Beat Earnings? Q1 2026 Results
T-Mobile US delivered a mixed fourth quarter for 2025, posting revenue of $24.33 billion, up 11.3% year over year and just ahead of the $24.20 billion consensus, but earnings per share of $1.88 fell well short of the $2.42 analysts expected, a miss o… Read more T-Mobile US delivered a mixed fourth quarter for 2025, posting revenue of $24.33 billion, up 11.3% year over year and just ahead of the $24.20 billion consensus, but earnings per share of $1.88 fell well short of the $2.42 analysts expected, a miss of 22.31% that traced directly to $390 million in severance and workforce transformation charges that weighed on net income. Strip out those one-time costs and the underlying business looked considerably healthier, anchored by record-setting customer momentum: 962,000 postpaid phone net adds in the quarter and 3.3 million for the full year, both industry bests. Broadband continued its rapid climb, reaching 9.4 million total customers, while service revenue grew 10.5% to $18.70 billion. New CEO Srini Gopalan, fresh off T-Mobile's first-ever J.D. Power network quality sweep across five of six U.S. Regions, guided 2026 Core Adjusted EBITDA to $37.00 billion to $37.50 billion, representing roughly 10% growth at the midpoint, alongside Adjusted Free Cash Flow of $18.00 billion to $18.70 billion.
Key Takeaways
- • Industry-leading postpaid phone net additions of 962 thousand in Q4
- • Total broadband net additions of 558 thousand in Q4 driven by 5G broadband and fiber
- • Postpaid ARPA growth to $150.17 from rate plan optimizations and higher fee revenue
- • UScellular, Metronet, and Lumos acquisitions driving customer and revenue growth
- • Higher equipment revenue from increased high-end phone mix
- • Service revenue growth of 10.5% YoY to $18.7 billion
TMUS Forward Guidance & Outlook
For FY 2026, T-Mobile expects postpaid net account additions of 900 thousand to 1.0 million; Core Adjusted EBITDA of $37.0 billion to $37.5 billion (approximately 10% YoY growth at midpoint); net cash provided by operating activities of $28.0 billion to $28.7 billion (including payments for UScellular merger-related costs); cash purchases of property and equipment of approximately $10.0 billion; and Adjusted Free Cash Flow of $18.0 billion to $18.7 billion (including payments for UScellular merger-related costs, not assuming material net cash inflows from securitization). Effective tax rate expected at 25% to 26%. The company will also provide a multi-year guidance update through 2027 at its upcoming Capital Markets Day Update event.
TMUS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TMUS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q4 was a great proof point of our winning formula – and we see significant runway ahead to widen our margin of differentiation, including through maintaining our tremendous momentum in network perception gains and in our digital transformation and simplification.”
— Srini Gopalan, Q1 2026 Earnings Press Release
TMUS Earnings Trends
TMUS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TMUS EPS Trend
Earnings per share: estimate vs actual
TMUS Revenue Trend
Quarterly revenue: estimate vs actual
TMUS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $2.42 | $1.88 | -22.31% | $24.33B | +0.56% |
| FY Full Year | $10.01 | $9.72 | -2.93% | $88.31B | +0.15% |
| Q3 25 BEAT | $2.40 | $2.41 | +0.39% | $21.96B | -0.10% |
| Q2 25 BEAT | $2.69 | $2.84 | +5.55% | $21.13B | +0.70% |
| Q1 25 BEAT | $2.47 | $2.58 | +4.51% | $20.89B | +1.29% |