T-Mobile US stock gets boost from Q3 growth and cash outlook

T-Mobile US reported stronger postpaid growth and higher profitability for the third quarter ended September 30, 2026, in a release published on October 28. The company also raised the midpoint of its full-year 2026 Core Adjusted EBITDA and adjusted free cash flow outlook. The figures were published by the T-Mobile newsroom.

Postpaid momentum supports growth

T-Mobile added 274,000 postpaid accounts during the quarter, while total postpaid accounts reached 35.0 million, up 3% year over year. Postpaid average revenue per account rose 4% to 155.73 US dollars, indicating that customer growth was accompanied by higher average monthly service revenue.

Service revenue increased 6% year over year to 19.4 billion US dollars. Postpaid service revenue grew 9% to 16.3 billion US dollars. Net income advanced 27% to 3.5 billion US dollars, diluted earnings per share rose 34% to 3.22 US dollars, and Core Adjusted EBITDA increased 11% to 9.6 billion US dollars.

Cash generation remains central

Net cash provided by operating activities declined 2% year over year to 7.3 billion US dollars, while adjusted free cash flow increased 5% to 5.1 billion US dollars. T-Mobile said adjusted free cash flow represented cash available for debt service, share repurchases, dividends and further investment after property and equipment purchases.

The company reported 3.5 billion US dollars of stockholder returns in the quarter, including 2.4 billion US dollars of common stock repurchases and 1.1 billion US dollars of cash dividends. The release said the current stockholder return authorization permits returns of up to 18.2 billion US dollars through December 31, 2026.

Higher targets set next checkpoint

Management now expects full-year Core Adjusted EBITDA between 37.35 billion and 37.45 billion US dollars, compared with a previous range of 37.1 billion to 37.5 billion US dollars. The midpoint therefore increased by 100 million US dollars. Adjusted free cash flow is forecast at 18.7 billion to 18.8 billion US dollars, up 150 million US dollars at the midpoint from the prior range of 18.4 billion to 18.8 billion US dollars.

Full-year postpaid net account additions are expected to be approximately 1.0 million. Service revenue is expected to reach approximately 76.8 billion US dollars, while cash purchases of property and equipment, including capitalized interest, are expected to remain at approximately 10.0 billion US dollars. The cash-flow outlook includes net payments related to the UScellular merger and does not assume material net cash inflows from securitization.

CEO Srini Gopalan said the quarter showed that T-Mobile's network, value proposition and customer experience were supporting durable growth. For investors, the next test is whether account additions and average revenue per account can continue to support the higher cash-flow target while the company funds network, broadband and other growth initiatives.

T-Mobile US stock traded at 144.84 euros on Lang & Schwarz at 14:44 CET on Monday, November 9, 2026.

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The broader US equity market remains the relevant market environment for T-Mobile US, alongside the S&P 500.

More news and analyses on T-Mobile US stock will follow as the company reports progress against its 2026 targets.