DailyIQ
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TMUST-Mobile US, Inc.

Earnings Release

T-Mobile US, Inc.'s latest earnings press release, filed Jul 23, 2026, scored line by line for tone, guidance and what changed since the prior release.

Guidance raised58 lines scoredFiled Jul 23, 2026SEC 8-K · Exhibit 99
Release Tone
80
UPBEAT
GuidanceGuidance raisedWhat this release does to the company's outlook
Tone change▼ 2.1pointsvs the prior release (Apr 28, 2026)
Hedging language0.20per 100 words▼ 0.00 vs prior
New this quarter20of 58 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

  1. 1

    Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.4 billion and $18.8 billion, an increase from prior guidance of $18.1 billion to $18.7 billion.

    Guidance raised
  2. 2

    Net cash provided by operating activities, including net payments for UScellular merger-related costs, is now expected to be between $28.4 billion and $28.8 billion, an increase from prior guidance of $28.1 billion to $28.7 billion.

    Guidance raised
  3. 3

    Postpaid net account additions of 277 thousand decreased 41 thousand, or 13%, year-over-year.

    Negative tone
  4. 4

    (1) In the second quarter of 2026, Metronet agreed to repurchase certain customer accounts, resulting in a base adjustment to decrease postpaid accounts by 16,000.

    New this quarter
  5. 5

    Postpaid net account additions of 277 thousand decreased 13% year-over-year

    Negative tone
  6. 6

    T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data (3)

    New this quarter
  7. 7

    T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data

    New this quarter
  8. 8

    Strong Net income of $3.2 billion grew 1% year-over-year and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million

Release by release

Tone and guidance for the last 2 earnings releases.

  1. Jul 23, 2026Guidance raised80.0-2.1
  2. Apr 28, 2026Guidance raised82.2

Bar length: tone on a 50–88 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality
Results
T-Mobile Delivers Continued Strong Account Growth, Translating into Industry-Leading Service Revenue Growth Driven by Widening Differentiation
Management commentary
Q2 Results, Alongside Record-High Wireless NPS Score, Another Proof Point that the Un-carrier’s Winning Formula of Best Network, Best Value and Best Experiences Drives Durable and Profitable Growth
Continued Strong Account Growth and Deepening Customer Relationships Fueled by Widening Differentiation
Results
Postpaid Average Revenue Per Account (“ARPA”) of $152.91 grew 2% year-over-year
5Postpaid net account additions of 277 thousand decreased 13% year-over-year
Management commentary
Translating Strong Account Growth into Durable and Profitable Financial Growth
Results
Service revenues of $19.0 billion grew 9% year-over-year, industry-leading growth (1)
Postpaid service revenues of $15.9 billion grew 13% year-over-year, industry-leading growth
8Strong Net income of $3.2 billion grew 1% year-over-year and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million
Diluted earnings per share (“EPS”) of $2.99 grew 5% year-over-year and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $0.14
Core Adjusted EBITDA (2) of $9.5 billion grew 12% year-over-year, industry-leading growth
Net cash provided by operating activities of $7.5 billion grew 7% year-over-year
Adjusted Free Cash Flow (2) of $4.8 billion grew 4% year-over-year
Management commentary
Extending Overall Network Lead with Best Assets, Customer Centricity and Technology Leadership
Results
6T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data (3)
Corporate events
Ookla awarded T-Mobile with the Best Mobile Network in its Speedtest Connectivity report for the third consecutive time (4)
Management commentary
T-Mobile yet again recognized as the most awarded network by Opensignal, sweeping all Quality of Experience and Network Performance categories, while also leading in 5G Coverage and Application Experience categories (5)
Corporate events
T-Mobile awarded Test Champion by P3 in their Q2 2026 US Mobile Benchmark, sweeping all 13 award categories, including AI Services Champion (6)
Results
Bellevue, WA — July 23, 2026 — T-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2026 results today, delivering strong postpaid net account and postpaid ARPA growth.
The company’s robust account and ARPA growth contributed to industry-leading service revenue growth, including Postpaid service revenue growth, strong Net income, industry-leading Core Adjusted EBITDA growth, strong Net cash provided by operating activities margin and industry-leading Adjusted Free Cash Flow margin.
Management commentary
“Q2 marked another strong quarter of execution as we continued making meaningful progress toward our ambitious 2026 and 2027 objectives, including achieving our highest-ever wireless NPS score of 46,” said Srini Gopalan, CEO of T-Mobile.
“Our strategy is simple: give customers the best network, the best value, and the best experience, all in one place.
That’s how we eliminate trade-offs for our customers, and that’s what sets us apart, and our results represent another proof point that our strategy is working.
Our differentiated approach is all about creating durable growth opportunities that no one else in the industry can match.
As our unmatched value proposition continues to resonate with customers, and as we continue to invest in our network and our technology, we see a tremendous runway for growth across both wireless and broadband, as well as new businesses.
We’re just getting started.”
Continued Strong Account Growth and Deepening Customer Relationships Fueled by Widening Differentiation
Results
Postpaid ARPA of $152.91 grew 2% year-over-year.
3Postpaid net account additions of 277 thousand decreased 41 thousand, or 13%, year-over-year.
Postpaid account churn of 0.99%.
Corporate events
4(1) In the second quarter of 2026, Metronet agreed to repurchase certain customer accounts, resulting in a base adjustment to decrease postpaid accounts by 16,000.
This base adjustment had no impact on postpaid net account additions.
Results
(2) In the first quarter of 2026, we recognized a base adjustment to decrease postpaid accounts by 18,000, primarily due to combining certain business accounts that have multiple billing account numbers.
This base adjustment had no impact on postpaid net account additions.
Corporate events
(3) In the second quarter of 2025, we acquired 85,000 postpaid accounts from Lumos.
This base adjustment had no impact on postpaid net account additions.
Management commentary
Translating Strong Account Growth into Durable and Profitable Financial Growth
Results
Total service revenues increased 9% year-over-year to $19.0 billion, and Postpaid service revenues increased 13% year-over-year to $15.9 billion.
Net income increased 1% year-over-year to $3.2 billion and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million.
Diluted EPS increased 5% year-over-year to $2.99 per share and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $0.14 .
Core Adjusted EBITDA increased 12% year-over-year to $9.5 billion.
Net cash provided by operating activities increased 7% year-over-year to $7.5 billion.
Cash purchases of property and equipment, including capitalized interest, increased 13% year-over-year to $2.7 billion.
Adjusted Free Cash Flow increased 4% year-over-year to $4.8 billion.
Capital return
Stockholder Returns of $3.3 billion in Q2 2026, including common stock repurchases of $2.2 billion and cash dividends of $1.1 billion as part of the current stockholder return authorization of up to $18.2 billion through December 31, 2026, for cumulative stockholder returns (1) of $54.6 billion since program inception, split across repurchases of $44.2 billion and cash dividends of $10.4 billion.
In Q3 2026 through July 17, 2026, the company repurchased an additional $392 million in common stock, totaling $2.5 billion in total shares repurchased since the beginning of Q2 2026.
Management commentary
Extending Overall Network Lead with Best Assets, Customer Centricity and Technology Leadership
Results
7T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data
Management commentary
Ookla awarded T-Mobile with the Best Mobile Network in its Speedtest Connectivity report for the third consecutive time
T-Mobile yet again recognized as the most awarded network by Opensignal, sweeping all Quality of Experience and Network Performance categories, while also leading in 5G Coverage and Application Experience categories
Corporate events
T-Mobile was awarded Test Champion by P3 in their Q2 2026 US Mobile Benchmark, sweeping all 13 award categories, including AI Services Champion
Outlook
Raising Cash Flow Guidance, Reiterating Strong 2026 Account and Profitability GuidanceGuidance raised
Postpaid net account additions are expected to be between 950 thousand and 1.05 million.
Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.1 billion and $37.5 billion.
2Net cash provided by operating activities, including net payments for UScellular merger-related costs, is now expected to be between $28.4 billion and $28.8 billion, an increase from prior guidance of $28.1 billion to $28.7 billion.Guidance raised
Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion.
1Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.4 billion and $18.8 billion, an increase from prior guidance of $18.1 billion to $18.7 billion.Guidance raised
Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization.
100 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

  • Source: the press release T-Mobile US, Inc. filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
  • Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
  • Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
  • New this quarter: wording that does not appear in the prior release.
  • Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

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