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T-Mobile US TMUS Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$22.8BMiss by $154.6M
EPS$2.99Beat by $0.40
Revenue estimate$22.9B
EPS estimate$2.59
“Our strategy is simple: give customers the best network, the best value, and the best experience, all in one place. That's how we eliminate trade-offs for our customers, and that's what sets us apart, and our results represent another proof point that our strategy is working. Our differentiated approach is all about creating durable growth opportunities that no one else in the industry can match. As our unmatched value proposition continues to resonate with customers, and as we continue to invest in our network and our technology, we see a tremendous runway for growth across both wireless and broadband, as well as new businesses. We're just getting started.”
Srini Gopalan

Next report

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

Financials

Q2 2026

Income statement

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Revenue$22.8B+7.9%
Operating income$5.5B+5.3%
Net income$3.2B+0.5%
EPS (diluted)$2.99+5.3%

Balance sheet

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Cash & equivalents$3.2B-70.0%
Total debt$37.5B-0.7%
Total equity$56.3B-7.9%
Total assets$213.55B+0.4%

Cash flow

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Operating cash flow$7.5B+7.3%
CapEx$2.7B+12.8%
Free cash flow$4.8B+4.4%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$173.48B-33.0%
Enterprise value$207.78B-29.4%
P/E16.4×-5.4×
P/S1.9×-1.1×

Profitability

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Operating margin19.8%-3.3pp
Net margin11.5%-3.1pp
FCF margin20%+0.3pp

Returns & leverage

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Return on equity18%-1.7pp
Debt / equity0.7×0.0×
Current ratio0.9×-0.3×

Segments

By product

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Postpaid revenues$15.9B+12.6%
Equipment revenues$3.5B+2.5%
Prepaid revenues$2.5B-6.4%
Wholesale and other service revenues$657.0M-8.4%

By segment

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Wireless$22.8B+7.9%

FAQ

When did T-Mobile US report Q2 2026 earnings?
T-Mobile US (TMUS) reported Q2 2026 earnings on July 23, 2026 before market open.
What were T-Mobile US's Q2 2026 revenue and EPS?
T-Mobile US reported revenue of $22.8B and eps of $2.99 for Q2 2026.
Did T-Mobile US beat estimates in Q2 2026?
Revenue missed the consensus estimate of $22.9B by $154.6M. EPS beat the consensus estimate of $2.59 by $0.40.
How did T-Mobile US's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.9% from $21.1B a year earlier and eps grew 5.3% from $2.84.
Where can I find T-Mobile US's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001283699-26-000100) and the 10-Q periodic report (0001283699-26-000101) directly on SEC EDGAR. The filing index links above go to sec.gov.