T-Mobile Delivers Strong Q2: Service Revenue Climbs 9%, Cash Flow Guidance Raised
TMUS sits 16% above its 52-week low of $165.66.
Summary
T-Mobile's Q2 2026 results featured a 9% increase in service revenue to $19 billion and an upward revision to full-year cash flow guidance. Industry-leading growth metrics and a record wireless NPS score highlight its competitive strength.
Key Events · Earnings and Guidance · TMUS
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Q2 Service Revenue Hits $19B
Total service revenues rose 9% year-over-year to $19.0 billion, with postpaid service revenue surging 13% to $15.9 billion—both industry-leading growth rates.
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Net Income and EPS Growth
Net income increased 1% to $3.2 billion, and diluted EPS grew 5% to $2.99, even after absorbing $146 million in UScellular merger-related costs net of tax.
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Cash Flow Guidance Raised
Full-year 2026 guidance for net cash from operations was lifted to $28.4-$28.8 billion (up $200 million at the midpoint), with adjusted free cash flow now seen at $18.4-$18.8 billion (also up $200 million).
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Record Wireless NPS Score
A record wireless NPS score of 46—the highest ever for a big three carrier, per HarrisX survey data—signals exceptional customer satisfaction.
Analysis · TMUS · Technology
Industry-leading service revenue growth of 9% to $19 billion, fueled by a 13% jump in postpaid service revenue, underscores T-Mobile's competitive momentum. Net income edged up 1% to $3.2 billion despite UScellular merger costs, while diluted EPS advanced 5% to $2.99. Confidence in the operational trajectory prompted a raise in full-year cash flow guidance. A record wireless NPS score of 46 further widens the competitive moat. Together, robust account growth and expanding ARPA translate into durable financial performance and meaningful shareholder returns.
At the time of this filing, TMUS was trading at $191.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $206.6B. The 52-week trading range was $165.66 to $261.56. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.