T-Mobile US, Inc. (TMUS) Earnings Call Transcripts

T-Mobile US, Inc.'s Latest Earnings Call - Q2 FY2026

In T-Mobile's Q2 2026 earnings call, the company reported strong financial performance, with total service revenue increasing by 9% year-over-year to $19.3 billion, exceeding expectations. Postpaid net account additions reached 277,000, and core adjusted EBITDA grew by 12%. Management maintained its full-year service revenue guidance of approximately $77 billion, reflecting an 8% growth, while raising adjusted free cash flow guidance to between $18.4 billion and $18.8 billion, an increase of $200 million at the midpoint. The strong results and positive outlook could drive the stock higher as T-Mobile continues to outperform its competitors.

Reported metrics

Guidance from management

Management maintained full-year service revenue guidance of approximately $77 billion, representing 8% growth, and raised adjusted free cash flow guidance to between $18.4 billion and $18.8 billion, an increase of $200 million at the midpoint.

What management said

Yes. On buybacks, I think what you're going to see every single quarter again is application of this capital allocation framework. So we haven't before, and I'm not here to guide, it's going to be exactly this amount for every single quarter because it's really going to be dependent on what the opportunity set is looking in front of us at that point in time, and we have a little bit more clarity around when spectrum ...

Yes. And I'd probably finish, Peter, with I think we mentioned this when we were giving the 15 million target. But not only is it a fallow capacity model, but it also included a very conservative rational market share caps. And so that's another mechanism by why we think it's a very rational 15 million subscriber target by 2030.

What analysts pressed on

Analysts expressed concerns regarding the balance between volume and price growth, particularly in light of competitive pressures. There were questions about the impact of device subsidies on customer acquisition and retention as well as the potential effects of upcoming spectrum auctions on capital allocation strategies.

Main topics on the call

• Postpaid Growth — T-Mobile reported postpaid net account additions of 277,000 in Q2, driven by a strong value proposition and network superiority. Management noted, "We continue to bring new families and businesses to T-Mobile in a durabl...
• 5G Broadband Expansion — The company highlighted its leadership in 5G broadband, stating it has become a premium offering in the market. T-Mobile's broadband service is now delivering download speeds comparable to fiber-to-the-home, contributing...
• Guidance Updates — Management maintained its full-year service revenue guidance of approximately $77 billion, representing 8% growth, while raising adjusted free cash flow guidance to between $18.4 billion and $18.8 billion. CFO Peter Osva...
• Network Performance Recognition — T-Mobile's network received multiple accolades, including being named the best mobile network by Ookla for the third consecutive time. Gopalan emphasized, "Our network keeps winning accolades from third-party providers, ...

Read the full T-Mobile US, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 101 T-Mobile US, Inc. earnings call transcripts on record, spanning January 7, 2020 to July 23, 2026. Based on this history, T-Mobile US, Inc. reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TMUS

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Wireless Telecommunication Services

Calls on record

101

First call

January 7, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly