T-Mobile Q1 Net Income Down 15%, Service Revenue Up 11%; Raises Guidance
T-Mobile reported first-quarter 2026 results for the period ended March 31, 2026. Service revenues rose 11% year-over-year to $18.8 billion, but net income fell 15% to $2.5 billion and diluted EPS fell 12% to $2.27, both including UScellular merger-related costs. The company raised its 2026 guidance for postpaid net account additions, Core Adjusted EBITDA, operating cash flow and Adjusted Free Cash Flow.
Key points
- Service revenues of $18.8 billion, up 11% year-over-year; net income of $2.5 billion, down 15%, including $476 million of UScellular merger-related costs, net of tax
- Diluted EPS of $2.27, down 12% year-over-year, including a $0.43 impact from UScellular merger-related costs
- Core Adjusted EBITDA of $9.2 billion, up 12%; Adjusted Free Cash Flow of $4.6 billion, up 5%
- 2026 Core Adjusted EBITDA guidance raised to $37.1 billion to $37.5 billion; stockholder return authorization raised to up to $18.2 billion on April 23, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.