The earnings call was overwhelmingly positive, with T-Mobile reporting record-breaking growth across multiple metrics, successful network expansions, and strong financial performance. Although there was a slight increase in churn, it was minor compared to the significant achievements and upward guidance revisions.

Company Guidance

During the call, T-Mobile provided an updated guidance for the year 2025, reflecting strong business performance and strategic moves. The company increased its total postpaid net additions expectations to between 6.1 million and 6.4 million, with 100,000 of these being fiber net additions. Postpaid phone net additions are now projected to be between 2.95 million and 3.1 million, marking the highest customer guidance at this point in the year. T-Mobile anticipates strong postpaid ARPA growth of at least 3.5% and has raised its 2025 service revenue growth expectation to at least 6%. Core adjusted EBITDA is expected to be between $33.3 billion and $33.7 billion, and cash CapEx is projected at approximately $9.5 billion. The adjusted free cash flow, including merger-related costs, is expected to range from $17.6 billion to $18 billion. This guidance excludes the impact of UScellular, which will be updated after the transaction closes.

Record-Breaking Q2 Growth

T-Mobile delivered the greatest Q2 growth in its history, achieving the best Q2 postpaid phone nets, total postpaid net additions, and gross additions with double-digit year-over-year increases.

Postpaid ARPA Growth

Postpaid ARPA grew over 5%, marking the highest growth in eight years, driven by customers upgrading to premium plans and the introduction of new rate plans.

5G Broadband Leadership

T-Mobile led the industry in broadband net additions for the 14th straight quarter, achieving its highest ever business 5G broadband net additions.

Network Expansion and Leadership

T-Mobile continues to widen its network lead with new advancements and expansions, including the rollout of 1,000 new sites year-to-date and a plan to bring on nearly 4,000 sites this year.

Strong Financial Performance

Postpaid service revenues grew 9% year-over-year, with total service revenues up 6%. Adjusted free cash flow reached a new Q2 record of $4.6 billion, translating to a 26% conversion from service revenues.

Increased Year-End Guidance

T-Mobile raised its total postpaid net additions guidance to between 6.1 million and 6.4 million, and increased its core adjusted EBITDA guidance by $100 million at the lower end.

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

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TMUS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	2.80 / -	2.61	―	―	―
Jul 23, 2025	2025 (Q2)	2.68 / 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)	―
Oct 25, 2023	2023 (Q3)	1.70 / 1.82	0.4	355.00% (+1.42)	―
Jul 27, 2023	2023 (Q2)	1.69 / 1.86	-0.09	2166.67% (+1.95)	―

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
Jul 23, 2025	$233.93	$247.50	+5.80%
Apr 24, 2025	$261.22	$231.91	-11.22%
Jan 29, 2025	$219.59	$233.50	+6.33%
Oct 23, 2024	$218.62	$231.09	+5.70%

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.