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T-Mobile US TMUS Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$23.1BBeat by $125.5M
EPS$2.27Beat by $0.26
Revenue estimate$23.0B
EPS estimate$2.01
“Q1 marked a strong start to the year as we continue to execute against our ambitious 2026 and 2027 targets, representing yet another proof point of our winning formula and unique differentiation, We reported accelerating postpaid net account growth and strong postpaid ARPA growth, reflecting this team’s differentiated ability to not only attract new customer relationships but also deepen the engagement with our existing base. This drove the outsized results you see, including industry-leading financial growth. We’re more confident than ever in our strategy and the opportunities ahead of us, supported by the industry’s best growth portfolio in core wireless, broadband, and smart adjacencies. The best truly lies ahead of us.”
Srini Gopalan

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$23.2B
EPS estimate$2.89

Financials

Q1 2026

Income statement

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Revenue$23.1B+10.6%
Operating income$4.5B-6.3%
Net income$2.5B-15.2%
EPS (diluted)$2.27-12.0%

Balance sheet

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Cash & equivalents$3.9B-68.3%
Total debt$33.9B-14.7%
Total equity$55.9B-8.6%
Total assets$214.67B0.0%

Cash flow

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Operating cash flow$7.2B+5.5%
CapEx$2.6B+7.0%
Free cash flow$4.6B+4.6%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$231.42B-24.0%
Enterprise value$261.43B-21.2%
P/E22×-3.6×
P/S2.6×-1.1×

Profitability

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Operating margin19.9%-2.9pp
Net margin11.6%-2.8pp
FCF margin20.1%+1.5pp

Returns & leverage

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Return on equity18%-1.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.1×

Segments

By product

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Postpaid revenues$15.6B+15.0%
Equipment revenues$4.0B+7.9%
Prepaid revenues$2.5B-4.8%
Wholesale and other service revenues$685.0M-0.4%

By segment

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Wireless$23.1B+10.6%

FAQ

When did T-Mobile US report Q1 2026 earnings?
T-Mobile US (TMUS) reported Q1 2026 earnings on April 28, 2026 after market close.
What were T-Mobile US's Q1 2026 revenue and EPS?
T-Mobile US reported revenue of $23.1B and eps of $2.27 for Q1 2026.
Did T-Mobile US beat estimates in Q1 2026?
Revenue beat the consensus estimate of $23.0B by $125.5M. EPS beat the consensus estimate of $2.01 by $0.26.
How did T-Mobile US's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $20.9B a year earlier and eps declined 12.0% from $2.58.
Where can I find T-Mobile US's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001283699-26-000062) and the 10-Q periodic report (0001283699-26-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.