T Mobile US (TMUS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 23, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.1

Last Year’s EPS

2.58

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 19 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 11, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a strong operational and financial story: clear network leadership (speed and J.D. Power recognition), robust customer acquisition and account growth, accelerating digital/AI adoption, conservative financial planning, and material free cash flow with aggressive shareholder returns. Management acknowledged near-term integration, restructuring and promotional headwinds, and emphasized the conservative nature of guidance (M&A contributions included, and many new growth avenues excluded). The balance of substantial measurable wins and conservative, transparent planning leads to a positive view of the company's near‑ and mid‑term trajectory.

Company Guidance

The company updated multi-year guidance centered on strong top-line and cash generation: for 2026 it expects ~ $77B in service revenue (≈8% reported growth, ~6% organic, including ~$3.6B M&A contribution) and for 2027 $80.5–81.5B (≈5% reported, including ~$4B M&A, ~5% organic); it targets 900k–1.0M postpaid net account additions in 2026 (implying ~2.5M postpaid phone net adds) with postpaid ARPA growth of 2.5–3%, and noted Q4/2025 postpaid ARPA was +2.7% (organic +3.6%). Core adjusted EBITDA is guided to $37–37.5B in 2026 (≈10% reported, 7% organic, ~$1.3B M&A) and expands toward ~$40–41B in 2027 (9% reported, 8% organic, ~$1.7B M&A); Q1 core adjusted EBITDA is expected at $9.0–9.1B. The company forecasts ~ $10B CapEx in 2026 ($9–10B range), adjusted free cash flow of $18.0–18.7B in 2026 and $19.5–20.5B in 2027, and continues to convert service revenue to free cash flow at industry-leading rates (25% for 2025, 22% in Q4); it assumes prudent 2.5x leverage with cash interest of ~$4.3B (2026) and ~$5.0B (2027). Integration and one-time items include ~ $1.2B merger-related costs, ~$450M network optimization charges, ~$150M workforce restructuring (Q1), and ~$1.3B merger-related cash outlays in 2026; cash taxes are ~$1.5B (2026) and ~$3.5B (2027). Efficiency initiatives (AI/digital/Intense CX) are expected to deliver roughly $1.3B incremental savings in 2026 and $2.7B in 2027. Capital allocation leaves a >$52B envelope for 2026–27 with up to ~$30B for shareholder returns (roughly up to $10B/year in buybacks); Q1 buybacks are accelerated to $5B, and remaining flexible deployment capacity is ~ $22B. On broadband, management now sees 15M FWA customers by 2030 (up from prior targets), plus 3–4M fiber customers for a total broadband base of ~18–19M by 2030.

Industry-leading top-line and EBITDA performance

Q4 service revenue +10% year-over-year (5% organic); adjusted EBITDA +7% year-over-year (4% organic). Guidance: 2026 service revenue ~ $77B (≈8% reported growth, ≈6% organic) and 2026 adjusted EBITDA $37–37.5B (≈10% reported, ≈7% organic). Management expects >$10B service revenue growth and >$7B incremental core adjusted EBITDA from 2025→2027 at the high end.

Strong customer acquisition and account growth

Q4 delivered 261,000 postpaid net account additions (~10x the comparable reported competitor). Guidance for 2026: 900,000–1,000,000 postpaid net account additions (implicit ≈2.5M postpaid phone net adds). Company reports 34+ million accounts/relationships and historically ~1.2M new prepaid relationships added annually.

Value and pricing traction (ARPA/ARPU expansion)

Postpaid ARPA grew 2.7% year-over-year in Q4 (organic ARPA cited ~3.6%). ARPU has risen ~13% since 2020. Company guiding to postpaid ARPA growth of ~2.5%–3% and highlights strong premium plan loading (60%+ on premium plans) and favorable front-book/back-book dynamics supporting sustainable value expansion.

Clear network leadership and measurable speed advantages

5G SA core deployed in 2021 (3–4 year lead vs competitors), median download speeds ~2× nearest competitors. On iPhone 17: ~85% faster vs one rival and ~50% faster vs the other. 2.5 GHz spectrum covers ~70% more area than C-band. Recognized #1 network by J.D. Power; 26% of recent network switchers now cite T‑Mobile as the best network (up from ~12.5% in 2020).

Rapid broadband (FWA + fiber) growth and targets

FWA grew from zero to ~8M customers in ~3–4 years. Company now targets 15M FWA customers by 2030 (previously 12M by 2028). Combined with fiber (expected +3–4M customers), management expects 18–19M total broadband customers by 2030. FWA metrics: customers +77%, usage per customer +27%, speeds +50% (period cited).

Digital & AI adoption materially improving efficiency

TLife: >100M downloads, ~24M monthly active users (avg ~4 uses/month). Upgrade flow: from 22% (assisted) in Q4 2024 to 73% of upgrades on TLife and 39% unassisted today. Management expects ≈$3B of run-rate savings by 2027 from AI/digital initiatives (Peter cited incremental savings of ~$1.3B in 2026 and ~$2.7B in 2027). Call volume reduced ~50% (target 75%).

Strong free cash flow generation and shareholder returns

Q4 free cash flow conversion 22%; FY2025 conversion ~25%. Free cash flow guidance: $18–18.7B in 2026 and $19.5–20.5B in 2027. Since 2022 the company returned >$45B to shareholders; recently returned >$20B and plans up to $30B of shareholder returns across 2026–2027 (including up to ~$10B repurchases/year). Q1 share buybacks accelerated to up to $5B.

Strategic partnerships and forward-looking innovation

AI RAN Innovation Center with NVIDIA, Nokia and Ericsson progressing (field trials expected in 2026). Live Translate (AI built into core) launched—first scale AI service integrated in the network core. Ongoing partnerships/JVs for fiber (MetroNet, Lumos) and satellite (Starlink/T Satellite) position the company for new product expansion.

Improving customer experience and NPS momentum

Net Promoter Score widened materially since 2023; company cites the NPS improvement as a primary driver of outperformance. Retail experience stores outperform authorized retailers on NPS. Frontline initiatives + culture + digital tools have cut call volumes ~50% and increased self-service usage substantially.

Prudent financial planning and conservative balance-sheet assumptions

CapEx expected $9–10B in 2026 focused via customer-driven coverage. Cash interest guidance assumes conservative 2.5x leverage leading to cash interest of ~$4.3B in 2026 and ~$5.0B in 2027 (management notes this is higher than some consensus assumptions). Management maintains disciplined capital allocation with a flexible ~ $22B additional envelope after return targets.

T Mobile US (TMUS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TMUS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	2.10 / -	2.58	―	―	―
Feb 11, 2026	2025 (Q4)	2.05 / 1.88	2.57	-26.85% (-0.69)
Oct 23, 2025	2025 (Q3)	2.40 / 2.41	2.61	-7.66% (-0.20)
Jul 23, 2025	2025 (Q2)	2.67 / 2.84	2.49	14.06% (+0.35)
Apr 24, 2025	2025 (Q1)	2.47 / 2.58	2	29.00% (+0.58)
Jan 29, 2025	2024 (Q4)	2.29 / 2.57	1.67	53.89% (+0.90)
Oct 23, 2024	2024 (Q3)	2.43 / 2.61	1.82	43.41% (+0.79)
Jul 31, 2024	2024 (Q2)	2.28 / 2.49	1.86	33.87% (+0.63)
Apr 25, 2024	2024 (Q1)	1.86 / 2.00	1.58	26.58% (+0.42)
Jan 25, 2024	2023 (Q4)	1.91 / 1.67	1.18	41.53% (+0.49)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TMUS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2026	$199.43	$209.54	+5.07%
Oct 23, 2025	$226.28	$218.90	-3.26%
Jul 23, 2025	$231.96	$245.41	+5.80%
Apr 24, 2025	$259.02	$229.96	-11.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.