T-Mobile's EPS jumps 34% to $3.22 as it nudges up 2026 cash-flow guidance

T-Mobile US said third-quarter net income rose 27% to $3.5bn and diluted EPS rose 34% to $3.22 from $2.41, in a results release issued via Business Wire at 4:00 PM ET (21:00 CET) on 28 October 2026, according to a StockTitan copy. Total revenue rose 7.4% to $23.6bn and service revenue 6% to $19.4bn. Postpaid service revenue grew 9% to $16.3bn, and average revenue per postpaid account rose 4% to $155.73. Core adjusted EBITDA (non-GAAP) increased 11% to $9.6bn.

Postpaid net account additions fell to 274,000 from 396,000 a year earlier, and postpaid account churn rose to 1.09% from 0.97%, the release shows. Cash from operations fell 2% to $7.3bn, while adjusted free cash flow (non-GAAP) grew 5% to $5.1bn as capital spending dropped 14% to $2.3bn. T-Mobile returned $3.5bn to shareholders in the quarter, $2.4bn through buybacks and $1.1bn in dividends.

For 2026, T-Mobile now expects core adjusted EBITDA (non-GAAP) of $37.35bn to $37.45bn, a narrower range than the $37.1bn to $37.5bn in its July release; the midpoint rises by $100m, but the top end is lower. It raised the bottom of its cash-flow ranges: operating cash flow to $28.7bn-$28.8bn from $28.4bn-$28.8bn, and adjusted free cash flow (non-GAAP) to $18.7bn-$18.8bn from $18.4bn-$18.8bn. The tax-rate forecast fell to 24%-25% from 25%-26%. It still expects about 1.0m postpaid net account additions, the midpoint of its earlier range, and capital spending of about $10bn.

Gopalan made the remark in the company's newsroom post; T-Mobile says its industry-leading claims are based on consensus forecasts where rivals have not yet reported. Nasdaq.com shows a $2.86 consensus from seven estimates for the quarter, but its $3.13 figure for the June quarter differs from T-Mobile's GAAP diluted EPS of $2.99 in July, so the basis does not match and Polstob has made no beat-or-miss comparison. Third-quarter revenue of $23.6bn was above the $23.15bn consensus cited by Investing.com.

T-Mobile shares were up 0.62% at $149.00 in after-hours trading as of 4:54 PM ET (21:54 CET) on 28 October, according to Nasdaq.com, after closing up 0.85% at $148.08 in the regular session. After-hours prices were still moving. The release did not address the move. Investing.com called the after-hours gain a modest reaction and said it suggested investors were focused on T-Mobile's outlook and competition.