Analyst Consensus ?
ConsensusBuy52 ratings
Bullish4178.9%
Neutral1019.2%
Bearish11.9%
T-Mobile US, Inc. · TMUS · FY2025 Q3 · Calendar Q4 2025
T-Mobile combines record adds with raised 2026–27 guidance
The supplied analysis supports a constructive view of T-Mobile's operating trajectory: record postpaid additions, improving network perception, broadband expansion, and UScellular synergies underpin raised guidance. The key test is whether management can convert these initiatives into durable growth while controlling integration, acquisition, device-cycle, and spectrum risks.
Reported Before market openNASDAQCommunication Services
$175.53B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.59
Consensus $2.40
EPS surprise
+7.9%
Reported versus consensus
Reported revenue
$21.96B
Consensus $21.91B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.3%
Event window
SPY move
+0.6%
Same window
Abnormal move
-3.9%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-4.3%
Up to 20 sessions
TMUSSPY benchmark
Ask FN2 about TMUS FY2025 Q3
Transcript, numbers and history already loaded
Why did TMUS fall 3.3% after beating EPS estimates in FY2025 Q3?What changed in TMUS's guidance and outlook in FY2025 Q3?Give me the bull and bear case for TMUS after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes record postpaid additions, stronger network perception, immediate UScellular customer benefits, expanded AI and satellite initiatives, and raised 2026–27 guidance. The risk discussion now focuses more specifically on synergy realization, customer acquisition costs, the iPhone cycle, and spectrum strategy.
Guidance delta
Management raised 2026–27 guidance for revenue, ARPA, and EBITDA.
Key takeaways
- Management described record postpaid net additions of over 1 million phones and strong 5G broadband and fiber growth.
- Network perception among switchers reached an all-time high, supporting customer acquisition.
- UScellular integration is expected to add $1.2 billion in OpEx and CapEx synergies, with $300 million of merger costs in Q4.
- Digital transformation and AI initiatives are intended to improve acquisition and reduce customer friction.
- The outlook depends on executing integration, broadband expansion, and satellite and AI initiatives.
Management priorities
- Complete UScellular integration and pursue full run-rate synergies within two years
- Accelerate fiber rollout toward approximately 130,000 net additions this year
- Expand AI-enabled customer experiences through IntentCX
- Extend satellite connectivity and continue 6G AI-RAN development
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Analyst 52W Price Targets
$163.34Current
$100Low
$215.47Average
$310High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Oct 2, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 21, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Aug 14, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| UBS | Buy | Buy | Maintain | Jul 24, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 24, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Benchmark | Buy | Buy | Maintain | Jul 24, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 20, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 7, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Jul 6, 2026 |
| Oppenheimer | Outperform | Perform | Upgrade | Apr 29, 2026 |
| Freedom Broker | Buy | Hold | Upgrade | Apr 17, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Mar 17, 2026 |
| Daiwa Capital | Outperform | Neutral | Upgrade | Feb 19, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jan 16, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 12, 2025 |
| Argus Research | Buy | Buy | Maintain | Dec 9, 2025 |
| Tigress Financial | Buy | Buy | Maintain | Nov 11, 2025 |
| Redburn Atlantic | Neutral | Sell | Upgrade | Jul 7, 2025 |
| Raymond James | Market Perform | Outperform | Downgrade | Oct 25, 2024 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 24, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 18, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 28, 2023 |
| HSBC | Buy | Buy | Maintain | Jun 5, 2023 |
| MoffettNathanson | Market Perform | Outperform | Downgrade | Feb 6, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 2, 2023 |
| Loop Capital | Buy | Buy | Maintain | Sep 21, 2021 |
| DZ Bank | Buy | Buy | Maintain | Jul 20, 2021 |
| Redburn Partners | Neutral | Neutral | Maintain | Jun 25, 2021 |
| Truist Securities | Buy | Buy | Maintain | Feb 5, 2021 |
| Guggenheim | Neutral | Buy | Downgrade | Jun 9, 2020 |
| Nomura Instinet | Buy | Buy | Maintain | May 7, 2020 |
| Nomura | Buy | Buy | Maintain | May 7, 2020 |
| Bank of America | Underperform | Underperform | Maintain | Feb 9, 2018 |
| Macquarie | Outperform | Neutral | Upgrade | Dec 19, 2017 |
| Moffett Nathanson | Buy | Neutral | Upgrade | Nov 27, 2017 |
| Jefferies | Buy | Buy | Maintain | Nov 7, 2017 |
| BTIG Research | Buy | Buy | Maintain | Oct 18, 2017 |
| BTIG | Buy | Buy | Maintain | Oct 18, 2017 |
| Drexel Hamilton | Buy | Buy | Maintain | Jun 8, 2017 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 19, 2017 |
| Buckingham Research | Buy | Buy | Maintain | Aug 25, 2016 |
| FBR Capital | Market Perform | Market Perform | Maintain | Jul 29, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | Jul 28, 2016 |
| DA Davidson | Buy | Buy | Maintain | Oct 1, 2015 |
| Argus Capital | Buy | Hold | Upgrade | Sep 12, 2014 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Aug 4, 2014 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 8, 2014 |
| Canaccord Genuity | Buy | Hold | Upgrade | Nov 6, 2013 |
| William Blair | Outperform | Market Perform | Upgrade | Sep 6, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $163.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $217 | $163.44 | +32.9% | Oct 2, 2026 |
| Scotiabank | Analyst unavailable | $232 | $178.92 | +42.0% | Jul 24, 2026 |
| Deutsche Bank | Analyst unavailable | $250 | $178.6 | +53.1% | Jul 24, 2026 |
| UBS | Analyst unavailable | $235 | $177.29 | +43.9% | Jul 24, 2026 |
| Williams Trading | Greg Williams | $260 | $176.92 | +59.2% | Jul 24, 2026 |
| KeyBanc | Brandon Nispel | $250 | $170.42 | +53.1% | Jul 24, 2026 |
| Wells Fargo | Analyst unavailable | $169 | $170.42 | +3.5% | Jul 24, 2026 |
| Barclays | Kannan Venkateshwar | $215 | $170.42 | +31.6% | Jul 24, 2026 |
| Goldman Sachs | Analyst unavailable | $230 | $170.42 | +40.8% | Jul 23, 2026 |
| Scotiabank | Analyst unavailable | $243 | $188.38 | +48.8% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $170 | $184.73 | +4.1% | Jul 8, 2026 |
| Morgan Stanley | Sean Diffley | $230 | $187.7 | +40.8% | Jul 7, 2026 |
| UBS | Analyst unavailable | $255 | $180.9 | +56.1% | Jun 22, 2026 |
| Deutsche Bank | Analyst unavailable | $285 | $197.09 | +74.5% | Apr 30, 2026 |
| Scotiabank | Analyst unavailable | $263 | $197.94 | +61.0% | Apr 29, 2026 |
| Williams Trading | Gregory Williams | $261 | $196.89 | +59.8% | Apr 29, 2026 |
| Goldman Sachs | Analyst unavailable | $224 | $186.72 | +37.1% | Apr 29, 2026 |
| UBS | Analyst unavailable | $220 | $186.72 | +34.7% | Apr 29, 2026 |
| Oppenheimer | Timothy Horan | $260 | $186.72 | +59.2% | Apr 29, 2026 |
| Daiwa | Jonathan Kees | $240 | $213.25 | +46.9% | Feb 19, 2026 |
| Wells Fargo | Analyst unavailable | $235 | $215.78 | +43.9% | Feb 13, 2026 |
| Wolfe Research | Peter Supino | $255 | $218.3 | +56.1% | Feb 12, 2026 |
| Scotiabank | Analyst unavailable | $266 | $218.58 | +62.9% | Feb 12, 2026 |
| Williams Trading | Gregory Williams | $252 | $219.36 | +54.3% | Feb 12, 2026 |
| Barclays | Kannan Venkateshwar | $245 | $215.82 | +50.0% | Feb 12, 2026 |
| Wells Fargo | Analyst unavailable | $225 | $186.03 | +37.7% | Jan 26, 2026 |
| Bernstein | Analyst unavailable | $245 | $190.66 | +50.0% | Jan 16, 2026 |
| Scotiabank | Analyst unavailable | $270.5 | $197.82 | +65.6% | Jan 7, 2026 |
| Wolfe Research | Analyst unavailable | $253 | $195.03 | +54.9% | Dec 15, 2025 |
| Goldman Sachs | Analyst unavailable | $251 | $195.32 | +53.7% | Dec 12, 2025 |
| Morgan Stanley | Analyst unavailable | $260 | $201.35 | +59.2% | Dec 10, 2025 |
| UBS | Analyst unavailable | $245 | $201.23 | +50.0% | Dec 9, 2025 |
| UBS | Analyst unavailable | $300 | $210.51 | +83.7% | Nov 21, 2025 |
| Tigress Financial | Analyst unavailable | $310 | $211.98 | +89.8% | Nov 11, 2025 |
| Morgan Stanley | Analyst unavailable | $280 | $216.37 | +71.4% | Oct 27, 2025 |
| HSBC | Ali Naqvi | $285 | $217.77 | +74.5% | Oct 24, 2025 |
| Williams Trading | Greg Williams | $263 | $219.99 | +61.0% | Oct 24, 2025 |
| UBS | Analyst unavailable | $270 | $225.06 | +65.3% | Oct 14, 2025 |
| Scotiabank | Analyst unavailable | $278 | $230.27 | +70.2% | Oct 6, 2025 |
| Goldman Sachs | Analyst unavailable | $286 | $255.89 | +75.1% | Sep 2, 2025 |
| UBS | Analyst unavailable | $265 | $232.77 | +62.2% | Apr 25, 2025 |
| Williams Trading | Gregory Williams | $272 | $232.77 | +66.5% | Apr 25, 2025 |
| Wells Fargo | Analyst unavailable | $250 | $232.77 | +53.1% | Apr 25, 2025 |
| HSBC | Analyst unavailable | $270 | $262.74 | +65.3% | Mar 5, 2025 |
| Scotiabank | Analyst unavailable | $275 | $272.83 | +68.4% | Mar 3, 2025 |
| Barclays | Kannan Venkateshwar | $250 | $238.1 | +53.1% | Feb 3, 2025 |
| Argus Research | Joseph Bonner | $275 | $232.97 | +68.4% | Jan 31, 2025 |
| Tigress Financial | Ivan Feinseth | $280 | $248.1 | +71.4% | Dec 2, 2024 |
| Barclays | Kannan Venkateshwar | $230 | $230.02 | +40.8% | Oct 24, 2024 |
| Evercore ISI | Kutgun Marai | $240 | $220.95 | +46.9% | Oct 24, 2024 |
| Oppenheimer | Timothy Horan | $250 | $228.99 | +53.1% | Oct 24, 2024 |
| Scotiabank | Maher Yaghi | $237 | $228.68 | +45.1% | Oct 24, 2024 |
| Williams Trading | Greg Williams | $250 | $220.95 | +53.1% | Oct 24, 2024 |
| Citigroup | Michael Rollins | $254 | $222.84 | +55.5% | Oct 21, 2024 |
| Scotiabank | Sector Perform | $236 | $221.95 | +44.5% | Oct 18, 2024 |
| Raymond James | James Schneider | $205 | $200.68 | +25.5% | Sep 19, 2024 |
| Evercore ISI | Vijay Jayant | $220 | $196.68 | +34.7% | Sep 19, 2024 |
| Oppenheimer | Timothy Horan | $215 | $196.68 | +31.6% | Sep 19, 2024 |
| Scotiabank | Maher Yaghi | $215.5 | $199.1 | +31.9% | Sep 19, 2024 |
| UBS | John Hodulik | $210 | $200.55 | +28.6% | Sep 19, 2024 |
| Morgan Stanley | Simon Flannery | $209 | $205.02 | +28.0% | Sep 16, 2024 |
| KeyBanc | Brandon Nispel | $230 | $202.83 | +40.8% | Sep 16, 2024 |
| RBC Capital | Jonathan Atkin | $200 | $185.46 | +22.4% | Aug 1, 2024 |
| Williams Trading | Gregory Williams | $216 | $182.28 | +32.2% | Aug 1, 2024 |
| Barclays | Kannan Venkateshwar | $200 | $182.28 | +22.4% | Aug 1, 2024 |
| Deutsche Bank | Bryan Kraft | $200 | $183.56 | +22.4% | Jul 18, 2024 |
| Goldman Sachs | James Schneider | $200 | $176.18 | +22.4% | Jul 1, 2024 |
| KeyBanc | Brandon Nispel | $190 | $177.34 | +16.3% | Jul 1, 2024 |
| Scotiabank | Maher Yaghi | $185 | $168.14 | +13.3% | May 29, 2024 |
| Raymond James | Ric Prentiss | $172 | $137.63 | +5.3% | Sep 8, 2023 |
| J.P. Morgan | Philip Cusick | $200 | $146 | +22.4% | Apr 4, 2023 |
| Citigroup | Analyst unavailable | $176 | $146.95 | +7.8% | Feb 3, 2023 |
| Cowen & Co. | Analyst unavailable | $199 | $147 | +21.8% | Feb 2, 2023 |
| Raymond James | Analyst unavailable | $174 | $150.97 | +6.5% | Feb 2, 2023 |
| RBC Capital | Kutgun Maral | $166 | $143.99 | +1.6% | Jan 5, 2023 |
| Morgan Stanley | Analyst unavailable | $175 | $140.2 | +7.1% | Dec 15, 2022 |
| Tigress Financial | Analyst unavailable | $202 | $145 | +23.7% | Nov 15, 2022 |
| RBC Capital | Kutgun Maral | $158 | $134.56 | -3.3% | Jul 26, 2022 |
| Scotiabank | Maher Yaghi | $153 | $137.1 | -6.3% | Jul 6, 2022 |
| RBC Capital | Kutgun Maral | $152 | $129.84 | -6.9% | Apr 28, 2022 |
| Credit Suisse | Douglas Mitchelson | $165 | $130.76 | +1.0% | Apr 2, 2022 |
| Tigress Financial | Ivan Feinseth | $185 | $124.57 | +13.3% | Mar 12, 2022 |
| Citigroup | Michael Rollins | $155 | $120.94 | -5.1% | Feb 6, 2022 |
| Goldman Sachs | Brett Feldman | $153 | $109.58 | -6.3% | Feb 2, 2022 |
| J.P. Morgan | Philip Cusick | $175 | $109.58 | +7.1% | Feb 2, 2022 |
| Oppenheimer | Timothy Horan | $95 | $54.79 | -41.8% | Feb 2, 2022 |
| Benchmark Co. | Matthew Harrigan | $100 | $54.78 | -38.8% | Feb 1, 2022 |
| Morgan Stanley | Simon Flannery | $149 | $108.52 | -8.8% | Jan 14, 2022 |
| Bernstein | Peter Supino | $162 | $114.43 | -0.8% | Jan 3, 2022 |
| Daiwa | Jonathan Kees | $128 | $119.91 | -21.6% | Dec 23, 2021 |
| Bank of America Securities | David Barden | $155 | $115.8 | -5.1% | Nov 2, 2021 |
| Wells Fargo | Eric Luebchow | $160 | $117.19 | -2.0% | Oct 11, 2021 |
| Truist Financial | Gregory P Miller | $175 | $144.02 | +7.1% | Jul 30, 2021 |
| Evercore ISI | Vijay Jayant | $170 | $144.02 | +4.1% | Jul 30, 2021 |
| Societe Generale | Ottavio Adorisio | $170 | $149.41 | +4.1% | Jul 16, 2021 |
| Berenberg Bank | Sunil Rajgopal | $139 | $137.73 | -14.9% | May 24, 2021 |
Track every rating change on TMUS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationT-Mobile US, Inc., alongside its subsidiaries, offers mobile telecommunications services across the United States, Puerto Rico, and the U.S. Virgin Islands. Catering to approximately 108.7 million subscribers, the company delivers essential voice, messaging, and data connectivity to customers in postpaid, prepaid, and wholesale segments. Beyond services, T-Mobile also supplies a broad array of wireless devices, such as smartphones, wearables, tablets, and other mobile communication gadgets, along with associated accessories.…
Historical context
All TMUS earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the TMUS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T17:50:43.198098+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T17:50:43.195324+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.