T-Mobile Q2 2026: Service Revenue Climbs 9% to $19B, Full-Year Guidance Raised
TMUS is trading near its 52-week low of $165.66 (13% above the low).
Summary
T-Mobile reported Q2 2026 service revenue of $19 billion, up 9% year-over-year, and raised its full-year postpaid account growth guidance. The company also announced $2.7 billion in fiber joint venture investments and continued aggressive share buybacks.
Key Events · Earnings and Guidance · TMUS
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Q2 Service Revenue Hits $19B
Service revenue grew 9% YoY to $19.0 billion, with postpaid service revenue up 13% to $15.9 billion. Postpaid ARPA increased 2% to $152.91.
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Full-Year Guidance Raised
T-Mobile increased its 2026 postpaid net account addition guidance to 950,000–1,050,000, up from prior expectations, driven by strong account growth and fiber additions.
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$2.7B Fiber Joint Ventures Announced
T-Mobile plans to invest $700 million in a joint venture with Wren House (i3 Broadband) and $2.0 billion with Oak Hill (GoNetspeed/Greenlight Networks) to expand its fiber footprint.
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Aggressive Share Buybacks Continue
The company repurchased $7.1 billion of stock in H1 2026 under its $18.2 billion stockholder return program, with $8.9 billion remaining authorization.
Analysis · TMUS · Technology
A strong second quarter saw service revenue rise 9% to $19 billion, fueled by a 13% jump in postpaid service revenue. Confidence in the growth trajectory prompted management to lift full-year 2026 guidance for postpaid net account additions to a range of 950,000 to 1,050,000. Alongside the earnings release, the company unveiled two major fiber joint ventures backed by $2.7 billion in planned investments, marking an aggressive push into broadband. The quarter also absorbed significant restructuring charges tied to the UScellular integration and network optimization, though these are one-time costs. With $7.1 billion in share repurchases already completed in the first half of 2026 under an expanded $18.2 billion stockholder return program, substantial capital continues to flow back to shareholders. The results cement T-Mobile's standing as a growth leader in telecom, even as investors weigh the impact of restructuring costs and the capital demands of the new fiber ventures.
At the time of this filing, TMUS was trading at $188.01 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.