T-Mobile reports Q2 EPS $2.84, consensus $2.67

Reports Q2 revenue $21.13B, consensus $21.02B. Reports Postpaid net customer additions of 1.7 million, best-ever Q2 and best in industry; Postpaid phone net customer additions of 830 thousand, best-ever Q2 and best in industry; Postpaid net account additions of 318 thousand, up 6% year-over-year, best in industry; 5G broadband net customer additions of 454 thousand, up 12% year-over-year, best in industry. “T-Mobile (TMUS) crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history,” said Mike Sievert, CEO of T-Mobile. “T-Mobile is now America’s Best Network. When you combine that with the incredible value that we have always been famous for, it should surprise no one that customers are switching to the Un-carrier at a record pace. These durable advantages enabled us to once again translate customer growth into financial growth, with the industry’s best service revenue growth by a wide mile and record Q2 Adjusted Free Cash Flow.”