T-Mobile US, Inc. · TMUS · Next earnings

T-Mobile US, Inc. reports Wednesday, Oct 28, 2026

TMUS reports after market close with consensus EPS at $2.85 and revenue at $23.16B. Last quarter: T-Mobile Q2 2026: Record NPS, Strong Postpaid Adds, EPS Beat Offset by Revenue Miss

Reports After market close38 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $2.85 Calendar consensus
Consensus revenue $23.16B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session After market close 38 days away

Where TMUS left off: FY2026 Q2

Full report

T-Mobile Q2 2026: Record NPS, Strong Postpaid Adds, EPS Beat Offset by Revenue Miss

EPS surprise +15.4% Reported $2.99 vs $2.59
Revenue surprise -0.7% Reported $22.79B vs $22.95B
Stock move -10.7% Event window
Subsequent drift +8.1% Up to 20 sessions

T-Mobile maintained its full-year guidance at $77 billion in service revenue and $10 billion in capex, unchanged from the raised outlook set in Q1 2026. The prior quarter had seen upward revisions to postpaid additions (950k-1.05M), service revenue (~$77B), and core adjusted EBITDA ($37.1-$37.5B). Holding guidance steady this quarter, rather than raising again, marks a notable shift from Q1's more aggressive posture.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Dependence on upcoming C-band 2.0 and 2.7 GHz spectrum auctions for continued network leadership.
  • Potential strain from future AI-driven mobile traffic on network capacity.
  • Competitive pressure from AT&T and Verizon in 5G and broadband markets.
  • Device subsidy pricing pressures and their impact on margins.
  • Integration risk associated with UScellular and fiber joint-ventures.

Questions analysts left open

  • Balance of volume vs. price (ARPA) growth for the full year.
  • Future device-subsidy strategy and its impact on net additions.
  • Capacity adequacy for AI workloads and spectrum requirements.
  • Fixed wireless vs. LEO satellite competitive dynamics.
  • Prepaid churn and migration dynamics to postpaid.

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Recent TMUS quarters

All TMUS earnings
-10.7%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.