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Earnings Brief

T-Mobile (TMUS) Q2 Service Revenue Rises 9% YoY to $19.0B, Falls Short of Estimates

T-Mobile reported Q2 2026 service revenue of $19.0 billion, net income of $3.2 billion, and EPS of $2.99. Revenue missed Wall Street estimates as subscriber growth slowed.

Justin Jeon·July 23, 2026 at 21:10·4 min
tmobile-tmus-q2-2026-service-revenue-19b-misses-estimates
tmobile-tmus-q2-2026-service-revenue-19b-misses-estimates
AIKey Summary
  • T-Mobile's Q2 service revenue rose to $19.0B and net income to $3.2B, but revenue missed estimates
  • Shares briefly fell after subscriber growth slowed

T-Mobile reported Q2 2026 service revenue of $19.0 billion, up 9% year-over-year, according to an SEC Form 8-K filing disclosed on July 23 (local time). However, media reports indicate the figure fell short of Wall Street estimates.

📊 Price at Time of Writing (July 23, 2026, 21:08 KST)
$190.94 ▲ +0.09%


Q2 Results at a Glance

T-Mobile posted broad gains across revenue and profit in the second quarter. Rising postpaid average revenue per account (ARPA) drove growth in both net income and adjusted EBITDA. However, net income and EPS growth were tempered by roughly $146 million in after-tax costs tied to the UScellular acquisition. Net postpaid subscriber additions also slowed from a year earlier, pointing to a deceleration in growth. The company said it posted a wireless Net Promoter Score (NPS) of 46, the highest ever among the three major U.S. carriers.

  • Service revenue: $19.0 billion, up 9% year-over-year
  • Postpaid service revenue: $15.9 billion, up 13% year-over-year
  • Earnings per share (EPS): $2.99, up 5% year-over-year
  • Net income: $3.2 billion, up 1% year-over-year
  • Adjusted EBITDA (earnings before interest, taxes, and depreciation): $9.5 billion, up 12% year-over-year
  • Adjusted free cash flow (cash remaining after capital expenditures and other spending): $4.8 billion, up 4% year-over-year
  • Net postpaid subscriber additions: 277,000, down 13% year-over-year
  • Shareholder returns: $3.3 billion ($2.2 billion in buybacks plus $1.1 billion in dividends)

Market Reaction

Bloomberg noted that T-Mobile's wireless subscriber additions beat market expectations. Yahoo Finance and Seeking Alpha, however, reported that shares fell briefly after the earnings release as revenue missed estimates and subscriber growth slowed. Yahoo Finance also noted that the company raised its full-year free cash flow guidance (cash remaining after capital expenditures and other spending). As of 9:08 p.m. KST on July 23, when this article was written, shares traded at $190.94, up 0.09% from the previous close, having recovered most of their earlier decline.


This article was automatically generated based on the original SEC Form 8-K filing and media reports, with the aim of delivering key data promptly after disclosure. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.

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