Strong Top-Line Revenue Growth
Total revenue grew 10.6% year-over-year to $23.1B in Q1 FY2026, up from $20.9B in Q1 FY2025, reflecting continued subscriber momentum and expanded service offerings driving meaningful top-line expansion.
T-Mobile US, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue grew 10.6% year-over-year to $23.1B in Q1 FY2026, up from $20.9B in Q1 FY2025, reflecting continued subscriber momentum and expanded service offerings driving meaningful top-line expansion.
Despite strong revenue growth, operating income declined 6.3% to $4.5B and net income fell 15.2% to $2.5B, indicating that cost growth is outpacing revenue gains. SG&A expenses rose 8.7% to $6.0B, and D&A surged 19.4% to $3.8B, reflecting ongoing network investment amortization.
Operating margin contracted approximately 350 basis points year-over-year, falling from 23.0% to 19.5%, as elevated operating expenses — particularly SG&A and depreciation — absorbed the benefits of revenue growth.
Revenue
$23.11B
++10.63% YoY
EPS (Basic)
$2.28
-11.97% YoY
Operating Income
$4.5B
-6.31% YoY
Add TMUS to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.