T-Mobile 10-Q: Q3 EPS $3.22, $9.5B Buyback, $3.6B Spectrum Sale Closed
TMUS is trading near its 52-week low of $143.75 (3.0% above the low).
Summary
T-Mobile's Q3 10-Q backs up the $3.22 EPS already reported, showing $22.1 billion of nine-month operating cash flow, $9.5 billion of buybacks, and the completed $3.6 billion 800 MHz spectrum sale, while postpaid account growth slowed and churn ticked up.
Key Events · Earnings and Guidance · TMUS
-
Q3 Results Confirmed in Full 10-Q
Net income of $3,455 million (up 27%) on total revenues of $23,584 million (up 7%); diluted EPS $3.22 versus $2.41 a year earlier.
-
Cash Generation Funds Large Capital Returns
Nine-month operating cash flow of $22,063 million and Adjusted Free Cash Flow of $14,467 million covered $9,564 million of buybacks and $3,310 million of dividends.
-
Buyback Pace Slows as Price Falls
Q3 repurchases were 13,621,695 shares at an average $177.31 for $2.4 billion, versus 48,372,465 shares at $195.81 for $9.5 billion over nine months; $5.4 billion remained at quarter-end and 4,987,500 more shares were bought for $791 million through October 23 at $158.68.
-
Spectrum Sale Closed, Tax Bill Pending
The 800 MHz sale to Grain closed August 10, 2026 for $2.9 billion cash plus $690 million of 600 MHz licenses, with about $850 million of cash income taxes expected primarily through December 31, 2027.
Analysis · TMUS · Technology
The headline numbers already hit the tape in today's 8-K, but the 10-Q adds the full balance sheet and cash flow picture plus several items investors had not seen quantified. Nine-month operating cash flow of $22.1 billion funded $9.5 billion of buybacks and $3.3 billion of dividends, and the company still had $5.4 billion left on its 2026 return program at quarter-end. The $3.6 billion 800 MHz spectrum sale to Grain closed on August 10, bringing $2.9 billion of cash and $690 million of 600 MHz licenses, though roughly $850 million of related cash taxes are still to be paid through 2027. Against that, subscriber momentum is softening: postpaid net account additions fell to 274 thousand from 396 thousand and churn rose to 1.09% from 0.97%, which is the number to weigh against the raised guidance.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TMUS was trading at $148.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $158.8B. The 52-week trading range was $143.75 to $224.75. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.