AI Takeaway
T-Mobile US delivered Q2 FY2026 revenue growth of 7.9% YoY to $22.79B and operating income growth of 5.3% to $5.49B, driven primarily by postpaid revenue gains from the UScellular and Metronet acquisitions, though net income was roughly flat (+0.5%) due to higher interest expense, joint venture losses, and elevated merger-related and restructuring costs.
Revenue
$22.79B
++7.85% YoY
EPS (Basic)
$2.99
++5.28% YoY
Operating Income
$5.49B
++5.31% YoY
Filed · Source: SEC EDGAR 10-Q filing
T-Mobile US (TMUS) reported Q2 FY2026 revenue of $22.79B, up 7.9% year over year. The company posted net income of $3.24B, up 0.5% from a year earlier, with diluted EPS of $2.99.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $22.79B | $21.13B | +7.85% |
Operating Income | $5.49B | $5.21B | +5.31% |
Net Income | $3.24B | $3.22B | +0.53% |
EPS (Basic) | $2.99 | $2.84 | +5.28% |
EPS (Diluted) | $2.99 | $2.84 | +5.28% |
SG&A Expense | $5.83B | $5.4B | +8.10% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $213.55B | $212.64B | +0.43% |
Current Assets | $21.77B | $26.77B | -18.69% |
Current Liabilities | $23.55B | $22.1B | +6.57% |
Stockholders' Equity | $56.27B | $61.11B | -7.92% |
Cash & Equivalents | $2.83B | $10.26B | -72.46% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $7.5B | $6.99B | +7.27% |
Investing Cash Flow | $-3.05B | $-1.56B | -95.77% |
Financing Cash Flow | $-5.18B | $-7.21B | +28.08% |
Share Buybacks | $2.32B | $2.56B | -9.20% |
D&A | $3.43B | $3.15B | +9.15% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 24.1% | 24.7% | -0.58% |
Net Margin | 14.2% | — | — |
ROE | 5.8% | — | — |
ROA | 1.5% | — | — |
Current Ratio | $0.924 | — | — |
Expected release date, analyst estimates & what to watch
T-Mobile US delivered 10.6% revenue growth in Q1 FY2026 to $23.1B, but net income fell 15.2% to $2.5B as higher SG&A costs, increased D&A from network investments, and a surge in share buybacks weighed on profitability and cash balances.
T-Mobile US delivered strong FY2025 revenue growth of 8.5% to $88.3B, driven by robust operating cash flow of $28.0B, though net income dipped 3.1% to $11.0B amid a 12.7% surge in SG&A expenses and rising long-term debt.
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