Share T-Mobile US (TMUS) Q3 2026 Earnings Review
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T-Mobile USTMUS · Telecom Services
TMUS · October 28, 2026After close · Since the same-day regular close
+0.79%Session snapshot

T-Mobile US (TMUS) Q3 2026 Earnings Review

Earnings results

  • EPS beat

    Actual: $3.22 reported profit/share · Cons.: $2.89

  • Revenue beat

    Actual: $23.584B · Cons.: $23.15B

  • Guidance raised

    2026 adjusted free cash flow: $18.7–$18.8B vs. $18.4–$18.8B.

By Stocks To Buy Now AI ResearchPublished

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T-Mobile retail storefront in Waterbury, Connecticut
Archive photograph of a T-Mobile retail store in Waterbury, Connecticut on January 21, 2015; offers shown are historical and this image does not depict the current trading session. Photo: Mike Mozart / Wikimedia Commons · CC BY 2.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.
THE CATALYST

What the company reported

T-Mobile reported higher recurring revenue per account and raised the midpoint of its cash-flow outlook, while slower net account additions and rising departures show why retention matters for future growth.

AT A GLANCE

Q3 2026 earnings recap

T-Mobile grew revenue per account and raised its cash-flow outlook, but fewer new accounts and higher customer departures make retention the next key test.

  • Third-quarter revenue rose 7.4% to $23.58 billion and reported profit per share reached $3.22, beating estimates of $23.15 billion and $2.89 respectively.
  • Monthly revenue per postpaid account rose 4% to $155.73, helping recurring service revenue grow even as new-account additions slowed.
  • The company added 274,000 postpaid accounts versus 396,000 a year earlier, while the monthly account departure rate rose to 1.09% from 0.97%.
  • Adjusted free cash flow rose 5.3% to $5.07 billion as lower network spending offset weaker operating cash flow, supporting dividends and buybacks.
  • Management raised its 2026 adjusted free-cash-flow range to $18.7–$18.8 billion from $18.4–$18.8 billion, while keeping expected net account additions near one million.
  • At the October 28 close of $148.08, shares traded around 14.3 times trailing reported profit per share and remained below their 20-day and 50-day averages.

Watch whether stronger revenue per account can offset customer losses without costly promotions, with the recent $143.5–$146.5 price area an approximate support zone.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Oct 28, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

The October 28 regular close remains below the 20-day and 50-day averages; holding recent lows near $143.5–$146.5 and recovering $153–$159 would support stabilization, while customer losses and promotional spending remain risks.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

T-Mobile US: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
Open TMUS stock page ↗

EXPLORE THE COMPANY

T-Mobile US (TMUS)

Explore earnings, price action, financials and industry comparisons.

Symbol
TMUS
Sector
Communication Services
Industry
Telecom Services
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

TMUS earnings, valuation & price action

View in calendar ↗
NEXT EXPECTED REPORTOct 28 2026After close · ET
EPS ESTIMATE2.89
REVENUE ESTIMATE23.15B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Communication Services

T-Mobile US, Inc. TMUS

Telecommunications Services · Updated 10/22/2026

Adjusted closing price · USD158.79 Oct 22
146178210242Oct 21Apr 23Oct 22
Price50-day average200-day average-29.2% in view
VALUATION & EXPECTATIONS
Trailing P/E16.6×
Forward P/E14.5×
Trailing P/S1.8×
Forward P/S1.8×
EPS beat rate88%
Revenue beat rate88%
Positive window63%

EPS beats: 7 of 8 comparable reports. Positive price windows: 5 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average170.90
200-day average186.79
RSI (14)46
20-day range148.58 – 171.31
Relative volume1.0×
1-year change-29.2%
Last eight reported earnings for TMUS
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Jul 23 20262.592.99+15.4%Beat22.79B-5.7%-9.2%
Apr 28 20262.012.27+12.9%Beat23.11B+8.4%+6.3%
Feb 11 20262.051.88-8.3%Miss24.33B+7.6%+8.0%
Oct 23 20252.402.59+7.9%Beat21.96B-4.2%-7.4%
Jul 23 20252.672.84+6.4%Beat21.13B+6.1%+3.6%
Apr 24 20252.472.58+4.5%Beat20.89B-10.2%-4.8%
Jan 29 20252.292.57+12.2%Beat21.87B+6.0%+9.6%
Oct 23 20242.422.61+7.9%Beat20.16B+6.6%+1.7%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

More TMUS research Data,

TMUS earnings previews and market catalysts

October 28, 2026: Microsoft and Alphabet earnings put paid AI adoption to the test
2026-10-28 · Microsoft and Alphabet lead the evening earnings watch. ServiceNow’s new Google Cloud integrations add a concrete test of paid AI adoption, while KLA, T-Mobile, Fortinet, Equinix and O’Reilly face distinct demand and margin questions.

October 28, 2026 earnings watch: Microsoft, Alphabet and the return on AI spending
2026-10-28 · Microsoft and Alphabet lead the after-close earnings watch. Focus on cloud growth, AI spending and cash flow, alongside subscription demand, chip investment, wireless customers and auto-parts sales.

October 23, 2026 premarket: tower stocks rise as Deckers and wireless carriers fall
2026-10-23 · Crown Castle, SBA and American Tower lead the saved premarket gainers; Deckers and wireless carriers fall. Review timestamped prices, fresh earnings context and the limits of a partial early snapshot.

All upcoming earnings catalysts →

02 / FINANCIALS

T-Mobile US financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

T-Mobile US event catalysts

Company earnings and scheduled market events that may change expectations.

2026-10-28

TMUS earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑
2026-10-282:00 PM ET

FOMC rate decision

Watch the statement and rate outlook; the first market reaction can reverse during the press conference.

Release schedule ↗Scheduled
2026-10-282:30 PM ET

Fed chair press conference

Listen for changes in the outlook for inflation, employment and future policy.

Release schedule ↗Scheduled
2026-10-298:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-10-298:30 AM ET

PCE inflation & consumer spending

Compare core PCE and real spending with expectations to assess inflation alongside demand.

Release schedule ↗Scheduled
2026-10-298:30 AM ET

Q3 GDP · advance estimate

Separate consumer demand from inventory and trade effects; revisions can change the growth picture.

Release schedule ↗Scheduled
2026-10-308:30 AM ET

Employment Cost Index

Persistent compensation pressure can affect margins and the inflation outlook.

Release schedule ↗Scheduled
2026-10-30Market close

Russell indexes · rank day

A ranking checkpoint, not an announcement that a particular stock has been included.

Release schedule ↗Scheduled
2026-11-0210:00 AM ET

ISM manufacturing PMI

Watch new orders and prices paid for the balance between demand and inflation.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare TMUS with its peers

Telecommunications Services · Compare valuation, financial strength and price performance.

Companies with valuation data1
Peer median positive P/E
TMUS P/E16.6×
TMUS peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
TMUST-Mobile US2026-10-22 · USD158.79170.33B16.6×14.5×1.8×1.8×
TAT&T Inc.
VZVerizon Communications Inc.
TMUS16.6×

The peer median excludes the selected stock and is based on 0 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore TMUS alongside its peers

Telecom Services · 19 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
1.3×166.92B1.7×169.19B2.0×171.47B2.3×173.74BTMUS · T-Mobile US, Inc. Market cap: 170.33B Price / sales: 1.8×Hide TMUS · Undo restores itMarket cap
TMUST-Mobile US, Inc.

Market cap: 170.33B
Price / sales: 1.8×

Valuation snapshot: 2026-10-22
View research ↗
1 of 19 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 1 companies

Median P/S1.8×
Middle 50%1.8× to 1.8×
TMUS P/S1.8×
TMUS
1.7×2.7×

Tap a bar to see the companies in that P/S range. TMUS has a higher P/S than 0% of this group.

18 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 19 matching companies · Largest market cap first

  • Market cap 197.36BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 170.33BP/E 16.6×P/S 1.8×Forward P/E Forward P/S Price snapshot: 2026-10-22
    ↗
  • Market cap 161.65BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 87.15BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 74.91BP/E P/S Forward P/E Forward P/S Catalog snapshot
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  • Market cap 35.95BP/E P/S Forward P/E Forward P/S Catalog snapshot
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  • Market cap 32.91BP/E P/S Forward P/E Forward P/S Catalog snapshot
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  • Market cap 20.32BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Explore industries

Open an industry for its comparison, valuation and companies.

U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including TMUS, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

Company research, movers, earnings and options results.

INDUSTRY COMPARISON

TMUS industry peers

Telecom Services · Oct 16, 2026 · Closing-price performance

No industry peers are available in the current heatmap coverage.