T-Mobile Q2 2026: revenue up 7.9%, EPS beats, cash flow guidance raised
T-Mobile's Q2 2026 was a solid quarter with a clear tilt: subscriber-fee growth is carrying the business, cash generation guidance went up, but profit growth lagged revenue badly. Revenue rose 7.9% to $22.79 billion and EPS of $2.99 beat the $2.65 consensus estimate, while net income grew just 0.5%. Read the service revenue line and the raised free cash flow range as the real story.
1 · Expected vs. Actual
Free preview below$2.99 of diluted EPS beat the $2.65 consensus estimate by about 13.0% and rose 5.3% from $2.84 a year ago. The quarter absorbed $0.14 of UScellular merger-related costs, including accelerated depreciation, net of tax, so the underlying number was better still. Note the gap though: net income grew only 0.5% to $3.24 billion while EPS grew 5.3%, with $2.32 billion of stock repurchased in the quarter.
Total revenue rose 7.9% to $22.79 billion from $21.13 billion a year earlier, but the quality of that growth is better than the headline — service revenue, the recurring monthly bill, grew 8.9% to $18.98 billion. Postpaid service revenue, the most valuable slice, grew 12.6% to $15.85 billion. Equipment sales of $3.52 billion are the smaller part of the business and not the engine here.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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