T-Mobile Tops Estimates With $19.4 Billion Service Revenue and $3.22 EPS

T-Mobile US, Inc. (Nasdaq: TMUS) reported third-quarter 2026 total revenues of $23.58 billion, above the $23.14 billion analysts expected, and diluted EPS of $3.22, compared with the $2.91 consensus estimate, in an 8-K filed Wednesday, Oct. 28, 2026. The EPS figure is GAAP; the company did not report a separate adjusted EPS in the release. Diluted EPS rose 34% from $2.41 a year earlier, and net income grew 27% to $3.5 billion.

Account and service revenue growth

Postpaid net account additions were 274 thousand, and total postpaid accounts reached 35.0 million, up 3% year over year. Postpaid ARPA rose 4% to $155.73. Total service revenues increased 6% to $19.4 billion, and postpaid service revenues grew 9% to $16.3 billion.

Profitability and cash flow

Core Adjusted EBITDA rose 11% to $9.6 billion. Net cash provided by operating activities fell 2% to $7.3 billion, while Adjusted Free Cash Flow increased 5% to $5.1 billion. Cash purchases of property and equipment decreased 14% to $2.3 billion.

Raised guidance and shareholder returns

The company now expects Core Adjusted EBITDA of $37.35 billion to $37.45 billion and Adjusted Free Cash Flow of $18.7 billion to $18.8 billion, both raised at the midpoint. It expects an effective tax rate of 24% to 25%, down from 25% to 26%. Stockholder returns in the quarter totaled $3.5 billion, including $2.4 billion in buybacks and $1.1 billion in dividends.

The company's full-year consensus revenue estimate is $94.33 billion, and its full-year consensus EPS estimate is $10.95. The company did not report full-year revenue or EPS guidance in the release.