T-Mobile US earnings: third quarter 2026

T-Mobile US, the American mobile phone company, had a solid third quarter of 2026. Sales rose 7.4% on a year ago to $23.6 billion, led by customers on monthly contracts. Its own main measure of profit from running the business grew faster than sales. Earnings per share came in well above what analysts expected. The company moved its full-year profit and cash expectations up a little. The soft spots were customers and cash: it added fewer new accounts than a year ago, more accounts left, and cash from running the business fell even as profit rose. ¹

Against what analysts expected

Earnings per share were $3.22, above the $2.86 that analysts expected on average (seven estimates on Nasdaq's earnings calendar), about 13% higher. ¹²

The strong points

• Sales grew steadily, and revenue from customers on monthly plans rose 9.3% on a year ago. ¹
• Core Adjusted EBITDA, the company's own measure of profit from running the business before some costs, rose 10.8% on a year ago to $9.6 billion. ¹
• The company returned $3.5 billion to shareholders in the quarter through buybacks and dividends, and raised its dividend per share by 15%. ¹

The weak points

• Customer growth slowed: more accounts left, with the share leaving each month rising to 1.09% from 0.97% a year ago. ¹
• Profit is not yet turning into more cash: cash from running the business fell 1.6% on a year ago while net income rose. ¹

What the company expects

• The company raised the middle of its full-year forecast for Core Adjusted EBITDA by $100 million, to $37.35–37.45 billion from $37.1–37.5 billion. ¹
• It also raised the bottom of its free cash flow forecast for the year, to $18.7–18.8 billion from $18.4–18.8 billion. ¹

Our verdict on the quarter

A strong report. A good quarter, with profit well ahead of what analysts expected and a slightly higher profit forecast for the year, held back by slower customer growth and cash that lagged profit.

The results as published

• The results release itself
• The filing it came with (SEC)

Notes

1. T-Mobile US's results release, 28 October 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 28 October 2026. ↩