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TMUS · Q2 2026

T-Mobile US, Inc.

Reported 2026-07-23
IN-LINE
43EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

T-Mobile delivers strong top-line growth and raises cash flow guidance, proving the durability of its Un-carrier strategy.

  • ✓Guidance was raised, with high specificity.
  • ✓Management tone registered as confident (90/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence rising).

EPS: reported vs expected—— vs —
Revenue: reported vs expected—— vs —
Guidance specificityHighRaised
Market expectations are being matched to this report.

Our strategy is simple: give customers the best network, the best value, and the best experience, all in one place.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Q2 marked another strong quarter of execution as we continued making meaningful progress toward our ambitious 2026 and 2027 objectives, including achieving our highest-ever wireless NPS score of 46”
“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.”
Guidance specificity
90/100

High specificity

Management raised cash provided by operating activities and adjusted free cash flow guidance by $200 million at the mid-point while maintaining account and Core Adjusted EBITDA outlook.

Pressure point
!

Merger-related costs from UScellular integration

0 potential deflections detected in management communication.

Narrative break

What changed

No material narrative break was detected this quarter.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Industry-leading service revenue growth of 9% year-over-year, reaching $19.0 billion.
  • Core Adjusted EBITDA grew 12% year-over-year to reach $9.5 billion.
  • Achieved a record wireless NPS score of 46, representing the highest-ever NPS for a big three carrier.
Key risks
  • Merger-related costs from UScellular integration, including accelerated depreciation impacting net income and EPS.
  • Competitive pressures impacting postpaid net account additions which decreased 13% year-over-year.
  • Capital expenditure increases with cash purchases of property and equipment rising 13% year-over-year to $2.7 billion.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+0
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0