I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 22.79 B.
EPS: As of FY2026 Q2, the actual value is USD 2.99.
EBIT: As of FY2026 Q2, the actual value is USD 4.435 B.
Service Revenue
Total service revenues increased 9% year-over-year to $19.0 billion in Q2 2026. Postpaid service revenues grew 13% year-over-year to $15.9 billion.
Net Income
Net income for Q2 2026 was $3.2 billion, or $3,239 million, an increase of 1% year-over-year from $3,222 million in Q2 2025. This included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million. Net income was $2,504 million in Q1 2026. The net income margin for Q2 2026 was 17.1%, a decrease from 18.5% in Q2 2025.
Operating Income
Operating income in Q2 2026 was $5,490 million, an increase from $5,213 million in Q2 2025.
Core Adjusted EBITDA
Core Adjusted EBITDA grew 12% year-over-year and 3% sequentially to $9.5 billion, or $9,537 million, in Q2 2026, up from $8,541 million in Q2 2025. The Core Adjusted EBITDA margin for Q2 2026 was 50.2%, an increase from 49.0% in Q2 2025.
Operating Costs
Cost of services, exclusive of depreciation and amortization (D&A), increased 10% year-over-year to $2,978 million in Q2 2026 and decreased 11% sequentially. Cost of equipment sales, exclusive of D&A, increased 8% year-over-year to $5,055 million in Q2 2026 and decreased 8% sequentially. Selling, General and Administrative (SG&A) Expense increased 8% year-over-year to $5,834 million in Q2 2026 and decreased 2% sequentially.
Cash Flow
Net cash provided by operating activities increased 7% year-over-year and 4% sequentially to $7.5 billion, or $7,500 million, in Q2 2026, up from $6,992 million in Q2 2025. Net payments for Merger-related costs impacted operating cash flow by $181 million in Q2 2026. Adjusted Free Cash Flow increased 4% year-over-year and 4% sequentially to $4.8 billion, or $4,797 million, in Q2 2026, up from $4,596 million in Q2 2025. The impact of net payments for Merger-related costs on Adjusted Free Cash Flow was $181 million in Q2 2026.
Capital Expenditures
Cash purchases of property and equipment, including capitalized interest, increased 13% year-over-year and 3% sequentially to $2.7 billion, or $2,703 million, in Q2 2026.
Stockholder Returns
T-Mobile US, Inc. executed $3.3 billion in stockholder returns in Q2 2026, comprising $2.2 billion in common stock repurchases (11.4 million shares) and $1.1 billion in cash dividends ($1.02 per share). Cumulative stockholder returns since program inception (Q3 2022) reached $54.6 billion, with $44.2 billion from 250.8 million share repurchases and $10.4 billion from cash dividends as of June 30, 2026. The Board of Directors increased the 2026 stockholder return authorization to up to $18.2 billion.
Debt
Total debt (excluding tower obligations) stood at $86.9 billion at the end of Q2 2026, with net debt (excluding tower obligations) at $84.1 billion.
Operational Metrics
Postpaid Average Revenue Per Account (ARPA) was $152.91 in Q2 2026, a 2% increase year-over-year and 1% sequentially. Postpaid net account additions were 277 thousand, representing a 13% decrease year-over-year. Postpaid account churn stood at 0.99% in Q2 2026, an increase of 7 basis points year-over-year and a decrease of 5 basis points sequentially. Total postpaid accounts reached 34,700 thousand at the end of Q2 2026, including acquisitions of 85,000 from Lumos in Q2 2025, 1,448,000 from UScellular in Q3 2025, and 633,000 from Metronet and other acquisitions in Q3 2025. T-Mobile achieved a record wireless NPS score of 46 and was recognized as the most awarded network by Opensignal.
2026 Outlook and Guidance
T-Mobile US, Inc. raised its cash flow guidance while reiterating its strong 2026 account and profitability guidance. Postpaid net account additions are expected to range between 950 thousand and 1.05 million, and Core Adjusted EBITDA is projected to be between $37.1 billion and $37.5 billion. Net cash provided by operating activities is now anticipated to be between $28.4 billion and $28.8 billion, and Adjusted Free Cash Flow is expected to be between $18.4 billion and $18.8 billion, both revised upward by $200 million.