T-Mobile US, Inc., together with its subsidiaries, provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to postpaid, prepaid, and wholesale and other services customers. It also provides wireless devices, including smartphones, wearables, tablets, home broadband gateways, headsets, and other mobile communication devices, as well as accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts. The company offers services under the T-Mobile, Metro by T-Mobile, and Mint Mobile brands through its owned and operated retail stores, customer care channels, national retailers, and its websites, as well as through T-Mobile, Metro by T-Mobile, and Mint Mobile apps. It also sells devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. It has 700 MHz wireless spectrum licenses. The company was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.
Country
Sector
Themes
Also in
Price· split & dividend adjusted
No price history for this asset yet.
News & notes movingTMUS
TMUS▲2
T-Mobile Service Revenue Climbs 9% on Postpaid Growth
T-Mobile US reported second-quarter 2026 total service revenues of $19 billion, up 9% year over year, driven by a 13% jump in postpaid service revenues to $15.9 billion. Postpaid accounts reached 34.7 million, up from 31.5 million a year earlier, helped by acquisitions of UScellular and Metronet, while postpaid average revenue per account rose 2% to $152.91. Management said more than 60% of customers on new accounts are selecting premium rate-plan tiers, supporting ARPA growth. The company faces competition from AT&T, which added more than 1 million Advanced Connectivity customers in the quarter, and Verizon, which added 348,000 broadband subscribers. T-Mobile shares have declined 28% over the past year, and the stock currently carries a Zacks Rank #3 (Hold).
TDS Raises Fiber Guidance as Legacy Revenue Declines
Telephone and Data Systems raised its full-year fiber address guidance to a range of 250,000 to 300,000 after adding roughly 66,000 marketable fiber service addresses in the second quarter, pushing first half 2026 delivery to about 106,000, the strongest opening half in company history. Total telecom operating revenue fell 6% in the quarter, or 4% excluding divestitures, and management trimmed its full-year telecom revenue guidance to a range of $1 billion to $1.025 billion. Residential fiber net adds reached 15,100 for the quarter, up 47% year-over-year, and fiber revenue climbed 13%, or $11 million. Array Digital Infrastructure, the tower subsidiary in which TDS has an unresolved buyout offer for minority shares, saw cash site rental revenue up 65% year-over-year on a normalized basis and closed a $168 million spectrum sale to T-Mobile in May and a $1 billion transaction with Verizon in June.
T-Mobile US Launches Experience 2.0 Plans and Pixel 11 Promotions
T-Mobile US completed a spectrum swap with Grain Management and introduced new Experience 2.0 plans featuring EIP Flex 36 financing and student perks in early August 2026. The company also began offering Google's Pixel 11 lineup and Pixel Watch 5 with aggressive promotions and support for its latest 5G Advanced and T-Satellite capabilities. These moves, alongside T-Mobile's satellite-enabled disaster support in Hawai'i during Storm Lala and an analyst downgrade citing rising competitive pressures, highlight how the company is using flexible financing, network innovation and emergency connectivity to reinforce its customer proposition even as industry challenges intensify.
AT&T Earnings Estimates Rise as Fiber and Wireless Growth Continue
Analysts have raised their earnings estimates for AT&T over the past 60 days, with fiscal 2026 and 2027 projections up 1.29% to $2.35 and 1.18% to $2.57 respectively. The company added more than 1 million fiber locations in the second quarter, bringing total fiber locations to 38.6 million, and expects to exceed 40 million by end of 2026 and 60 million by 2030. AT&T also added 432,000 postpaid phone customers with churn of just 0.86%, and 279,000 fixed wireless connections. However, the company faces high capital expenditure requirements, with net debt-to-adjusted EBITDA at 2.68X and total debt of $144 billion, and management expects leverage to rise to about 3.2X after the planned EchoStar spectrum acquisition. The stock has lost 14% in the past year, underperforming Verizon's 9.3% gain but outperforming T-Mobile's 29.2% decline, and currently trades at 9.86 forward earnings versus the industry's 33.07.
Black & Veatch continues leading utility broadband spectrum strategy following 800 MHz portfolio sale
Black & Veatch announced the completion of Grain Management's acquisition of T-Mobile's 800 MHz spectrum portfolio, a transaction that enables U.S. utilities to immediately acquire licensed spectrum for private LTE/5G networks and grid modernization. Grain intends to make the 800 MHz Band 26 spectrum immediately available to U.S. utilities, enterprises, and next-generation D2D satellite providers, describing it as a rare, nationwide low-band spectrum asset uniquely suited for mission-critical communications. Black & Veatch, which served as Grain's exclusive sales agent and industry partner, will continue advising and implementing private LTE and 5G networks for utilities evaluating spectrum ownership. The 800 MHz band offers 14 MHz of available bandwidth across most markets, supporting both current and future utility communications requirements. The transaction follows FCC approval and received broad support from utility stakeholders and industry organizations.
Grain Management Completes Acquisition of Nationwide 800 MHz Spectrum Portfolio
Grain Management has completed its acquisition of T-Mobile's nationwide 800 MHz spectrum portfolio. The deal establishes Grain as the owner of one of the nation's largest privately held portfolios of low-band spectrum, covering the entire U.S. with approximately 14 MHz of blended spectrum depth. The 800 MHz Band 26 spectrum is well-suited for mission-critical applications including private wireless networks for utilities, enterprise communications, and direct-to-device satellite services. Grain will now focus on executing its deployment strategy in line with the FCC framework, with Goldman Sachs serving as financial advisor.
SpaceX Plans Starlink Mobile Service by End of 2027, Challenging Major U.S. Carriers
SpaceX President Gwynne Shotwell announced on an earnings call that Starlink Mobile will begin service at the end of 2027, aiming to acquire customers from AT&T, Verizon, and T-Mobile. The plan sent shares of all three carriers lower on Wednesday before they rebounded Thursday, with T-Mobile gaining 3.75%, AT&T 2.82%, and Verizon 1.12%. T-Mobile CEO Srini Gopalan told the Financial Times the threat is exaggerated, arguing satellites will remain complementary to cellular networks. Starlink's current direct-to-phone service uses about 5 MHz of borrowed spectrum, but following FCC approval of two SpaceX deals totaling $19.6 billion for 65 MHz of EchoStar spectrum with terrestrial rights, and a planned tenfold increase in next-generation mobile satellites, Shotwell said the upgraded service could be roughly 100 times more capable. Analysts remain skeptical, with Craig Moffett of MoffettNathanson telling Reuters it is extraordinarily challenging to imagine a competitive direct-to-consumer service within five years. Shotwell acknowledged the need for a terrestrial component, describing a plan to attach small cellular base stations to Starlink dish mounts rather than building large towers.
Elon Musk Says Starlink Could Generate Over $1 Trillion in Annual Revenue
SpaceX CEO Elon Musk projected that Starlink could eventually generate more than $1 trillion in annual revenue, responding to venture capitalist David Friedberg's bullish assessment on the All-In podcast. Friedberg noted Starlink had 12 million subscribers after doubling its user base year over year, with connectivity revenue reaching $4.29 billion, up 66% year over year, and estimated the business could eventually achieve $40 billion in annual revenue and $30 billion in annual free cash flow. Musk said bandwidth demand will increase massively due to AI and robotics, and even if the communications market merely doubles, he expects Starlink to capture at least 25% of the market outside China, translating to more than $500 billion in annual revenue. He added it is not out of the question that Starlink could carry more than 50% of global internet traffic, potentially generating over $1 trillion annually. SpaceX president Gwynne Shotwell said Starlink Mobile is expected to begin service at the end of 2027 and could attract customers from AT&T, Verizon, and T-Mobile, while T-Mobile's CEO argued satellite connectivity will likely complement traditional cellular networks.
Array Digital Infrastructure Raises Full-Year Adjusted EBITDA Guidance to $60-$75 Million
Array Digital Infrastructure Inc reported a 65% year-over-year increase in cash site rental revenue, excluding Dish impact, and raised its full-year adjusted EBITDA guidance to $60 to $75 million. The company closed spectrum monetization transactions with T-Mobile and Verizon, including a $1 billion deal with Verizon, strengthening its balance sheet. The tenancy ratio improved sequentially to 0.96, excluding Dish, reflecting steady growth in co-locations and tower utilization. Array continues to face costs from winding down legacy wireless operations and uncertainty from T-Mobile interim site revenue declines, with 1,000 to 1,700 tenantless towers projected post-integration. Management noted strong demand and a robust pipeline of applications, with no near-term buildout requirements for its C-band spectrum.
SpaceX earnings call remarks jolt telecom and energy stocks
SpaceX's latest earnings call triggered sharp moves in telecom and energy stocks after executives outlined plans to build a terrestrial wireless network and massive power infrastructure. COO Gwynne Shotwell said Starlink would target customers of AT&T, Verizon, and T-Mobile, which together generate roughly $600 billion a year, causing shares of those carriers to drop. Deutsche Telekom CEO Timotheus Hottges acknowledged the market reaction, calling it overblown but saying the company takes SpaceX's ambitions seriously. Separately, Elon Musk's comments about building 20 gigawatts of power lifted natural gas equipment suppliers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. The call also boosted Nvidia after Musk said SpaceX would build exclusively on its Vera Rubin architecture, and highlighted Echostar's 261.8 million share stake in SpaceX as a direct beneficiary.
Nokia Insiders Buy Shares as Nvidia Partnership Fuels AI Network Ambitions
Nokia insiders have been quietly accumulating shares, signaling confidence in the company's AI-driven network strategy backed by a $1 billion investment from Nvidia. In late May, Victoria Hanrahan, chief of staff to the CEO, bought 44,682 shares on the NYSE at an average price of about $15.81 per share, a purchase worth just over $700,000. On July 24, senior manager Patrik Hammarén acquired 43,293 shares in Helsinki at around 8.44 euros, board member Timo Ihamuotila picked up 60,000 shares across multiple European venues at roughly 8.45 euros, and senior manager Pallavi Mahajan bought 62,000 shares on the NYSE at about $9.55. The buying spree follows Nokia's October 2025 strategic partnership with Nvidia to pioneer an AI platform for 6G, which includes Nvidia's $1 billion equity investment at $6.01 per share and plans to integrate Nvidia GPUs into Nokia's base stations. T-Mobile US has agreed to trial Nokia's AI RAN designs starting in 2026, and Nokia is building an AI RAN center in Dallas with partners like KDDI and SoftBank to develop AI-powered radio networks.
Deutsche Telekom raises 2026 free cash flow guidance to around €20 billion
Deutsche Telekom raised its group free cash flow guidance for 2026 to around €20 billion and proposed an additional €3 billion share buyback facility, bringing total shareholder remuneration for the year to almost €10 billion. Group organic revenue grew 3.9% and organic EBITDA rose 7.4% in the first six months, while adjusted earnings per share increased 10.3%. T-Mobile US delivered organic EBITDA growth of 9.6% and added 0.5 million accounts, with service revenue up 8.9% year-on-year. The company reiterated its DT ex US EBITDA guidance at €15.4 billion and expects constant currency group EBITDA growth of around 6% to €47.5 billion in 2026.
Optimum Communications outlines restructuring, T-Mobile deal, and market exits in Q2 2026 call
Optimum Communications reported expanded gross and adjusted EBITDA margins in the second quarter of 2026, driven by cost management and a simplified go-to-market strategy, while revenue faced pressure from broadband subscriber losses. The company announced a new multiyear agreement with T-Mobile to expand its mobile addressable market into wearables and connected devices, and disclosed plans to exit low-density markets, including the decommissioning of 48,000 passings in the West footprint. Full-year 2026 revenue is expected to decline mid-single digits and adjusted EBITDA low-to-mid single digits, with capital expenditure targeted between $1.2 billion and $1.5 billion. Optimum is pursuing a consensual restructuring of CSC Holdings debt to address 2027 maturities, and completed a $300 million tender offer repurchasing 120 million Class A shares. The company also divested a noncore advertising agency that generated approximately $100 million in 2025 revenue.
T-Mobile launches 'Nothing' initiative for $0 upfront phone financing
T-Mobile has announced its 'Nothing' initiative, which is a new way for new and existing customers to pay $0 upfront for a new phone. The carrier is updating its equipment installment plans to offer 36-month financing instead of the previous standard 24 months, introducing EIP Flex 36 and EIP Standard 36 options. EIP Flex 36 allows customers to finance the device, taxes, and fees over 36 months with 0% APR for a limited time. T-Mobile also launched new wireless plans, including Essentials 2.0 and Experience 2.0, and student perks with a $30 monthly line. The changes come as the company moves away from device subsidies and expects a temporary increase in customer churn in the third quarter.
VoIP-Pal Granted Leave to File Amended Antitrust Complaint Against AT&T, Verizon, and T-Mobile
VoIP-Pal.com Inc. has been granted leave by the United States District Court for the District of Columbia to file an amended complaint focusing on federal antitrust claims under the Sherman Act against AT&T, Verizon, and T-Mobile. The amended complaint, limited to 60 pages and due within 30 days, will detail allegations that the carriers and mobile platform providers excluded independent Wi-Fi calling providers from the market. VoIP-Pal will streamline the litigation by dropping several counts, including RICO claims, to concentrate on the Sherman Act claims that are central to all four pending actions. CEO Emil Malak stated the amended complaint will more clearly show how the defendants' conduct foreclosed competition and prevented VoIP-Pal from entering the market.
Dow and S&P 500 set to notch new highs despite AMD and SpaceX falls
US stock indexes are expected to climb to new record highs on Wednesday as oil prices consolidate and investors prepare for another packed round of corporate earnings. Dow Jones and S&P 500 futures both pointed 0.4% higher, extending all-time highs, while Nasdaq futures were up 0.2% as SpaceX and AMD shares fell sharply in pre-market trading. AMD shares dropped 8.8% despite forecasting third-quarter revenue ahead of consensus, and SpaceX fell 10.8% following the release of its first earnings since listing, more than reversing the previous day's gain. On the earnings call, CEO Elon Musk suggested Starlink could build a terrestrial mobile network to compete with the likes of T-Mobile, AT&T and Verizon, and Musk also announced that all of SpaceX's future AI infrastructure buildout will be fueled by Nvidia chips exclusively. Thursday brings the next key test of SpaceX investor confidence as the first stock lockup expiry lands, with more than 900 million shares potentially up for sale by insiders.
Telecom stocks fall after SpaceX signals push into mobile service
U.S. wireless stocks tumbled Tuesday after SpaceX signaled plans to build a full-fledged mobile service, raising the prospect that Starlink could eventually compete directly with Verizon, AT&T and T-Mobile. SpaceX acquired 65 megahertz of wireless spectrum from EchoStar for a combined $19.6 billion across two deals announced last year, giving Starlink the airwaves needed to expand into mobile. SpaceX President Gwynne Shotwell said on a post-earnings call that the company plans to build the infrastructure to make Starlink a true mobile service and expects to pull quite a few customers away from the Big Three carriers. Shares of Verizon and AT&T fell more than 2% in premarket trading Wednesday, while T-Mobile slid 1.3%. The comments came alongside SpaceX's first earnings report as a public company, with second-quarter revenue totaling $7.8 billion, up 92% year-over-year, though capital expenditures surged to $18.4 billion from $2.8 billion a year earlier.
T-Mobile US raised its 2026 adjusted free cash flow guidance to a range of $18.4 billion to $18.8 billion, an increase of $200 million at the midpoint, reflecting lower expected cash income taxes. The company also reaffirmed its outlook for approximately $77 billion in service revenues and $37.1 billion to $37.5 billion in core adjusted EBITDA for the year. The guidance raise follows a second quarter marked by 13% year-over-year growth in postpaid service revenue, a 12% increase in core adjusted EBITDA, and a 2% rise in average revenue per account, with more than 60% of new account customers selecting premium plans. Management highlighted continued momentum in fixed wireless broadband and expansion through fiber joint ventures as additional growth drivers. The stock currently carries a Zacks Rank #3, or Hold, reflecting a balanced near-term investment outlook amid intense competition from Verizon and AT&T.
T-Mobile joins AT&T and Verizon in SIM-based authentication push to curb AI fraud
T-Mobile US has joined AT&T and Verizon in enabling a new SIM-anchored cryptographic authentication technology aimed at reducing AI-driven digital fraud. The joint rollout shifts verification closer to the mobile network level and away from traditional SMS-based methods, positioning carriers as more active participants in digital identity security for both consumers and enterprises. By backing a shared standard, T-Mobile aligns with peers rather than running a separate solution, which could ease adoption by large banks, fintechs, and digital platforms that would otherwise need carrier-specific integrations. The move supports the narrative that T-Mobile is using its network strength and digital platforms to deepen customer relationships, though it may limit differentiation from rivals. Investors may watch for enterprise adoption and any security-related revenue disclosures in future quarterly calls.
AT&T, Verizon, and T-Mobile jointly enable Glide.id cryptographic authentication at the carrier network level
AT&T, T-Mobile, and Verizon have jointly enabled Glide.id's cryptographic authentication technology at the carrier network level. The collaboration targets rising AI-driven fraud by shifting from SMS-based logins to SIM-anchored cryptographic authentication, supporting passwordless authentication across services that rely on mobile identity verification. This move places mobile identity security directly within the carrier networks and reflects how large telecoms are responding to AI-driven fraud and regulatory pressure around customer data protection. By moving cryptographic authentication into the carrier network, the three carriers aim to make SIM-based identity a default layer for banks, fintech apps, and consumer services that have relied on SMS one-time passwords. For AT&T, the initiative aligns with a focus on higher-value, stickier customer relationships and could help monetize its network in ways less sensitive to basic access pricing.
Jim Cramer Predicts T-Mobile Will Have a Very Positive Apple Offering
Jim Cramer predicted that T-Mobile US Inc. will have a very positive Apple offering. His remarks come as T-Mobile's second quarter earnings beat profit-per-share estimates with $2.99 against an expected $2.59, but the carrier guided for 250,000 postpaid additions in the third quarter, down from 275,000 in the second quarter. The stock fell 10.7% on July 23rd following the report. Cramer's comment highlights the potential for Apple's premium iPhone to boost T-Mobile's high-value subscriber additions and average revenue per user, as seen in the third quarter of 2025 when the carrier added one million subscribers after a new iPhone launch, its highest growth in a decade. Hedge fund interest increased to 85 out of 1,022 funds in the first quarter of 2026 from 76 out of 1,041 in the prior quarter, with SoftBank Group Corp holding the largest stake at $2.1 billion despite a 65% reduction.
T-Mobile US executives oppose $300 billion Deutsche Telekom merger plan
T-Mobile's US executives have informed Deutsche Telekom that they no longer support a proposed $300 billion merger between the two companies, Semafor reported Friday, citing people familiar with the matter. The executives pointed to shareholder concerns and potential regulatory issues as reasons for their opposition. Several of T-Mobile's non-controlling shareholders, including large institutional investors, told the US company they would oppose a merger with Deutsche Telekom. T-Mobile executives also received information from government officials indicating that US regulators would likely require a guarantee that T-Mobile's US revenue would be reinvested in the country or otherwise remain in the United States. T-Mobile shares were trading roughly 0.9% lower following the report, while Deutsche Telekom ADRs in the US were recouping some earlier losses but still traded 0.9% lower for the day.
T-Mobile US faces nationwide outage affecting customers and network partners
T-Mobile US experienced a major nationwide outage that disrupted mobile service for thousands of customers and affected providers that rely on its network, including Mint Mobile and Boost Mobile. The incident comes at a sensitive time as investors are already focused on execution following mixed sentiment around the company's second-quarter 2026 results and guidance, as well as a multi-billion-dollar buyback program. The outage may raise questions about network reliability, a key factor in how investors compare T-Mobile with Verizon and AT&T, and could influence perceptions of customer churn and future capital needs for network hardening. Management's communication and remediation speed will be closely watched to determine whether this is seen as a one-off technical issue or part of a broader pattern.
Verizon and T-Mobile diverge on AI infrastructure versus subscriber growth strategies
Verizon and T-Mobile reported second-quarter 2026 results that highlight diverging strategies as the telecom industry shifts from 5G buildout to monetization. Verizon added 184,000 postpaid phone subscribers and 348,000 broadband net additions, with mobility and broadband service revenue rising 2.8% year over year to $23.4 billion, and it raised its full-year adjusted earnings outlook. The company also announced a more than $1 billion agreement with Google to provide dark-fiber connectivity for AI data centers and said additional AI deals could generate billions of dollars in revenue over the next several years. T-Mobile's revenue rose 7.9% year over year to $22.79 billion, supported by a 13% increase in postpaid service revenue, and it added 277,000 postpaid net accounts while average monthly postpaid revenue per account increased 2% to $152.91. T-Mobile reiterated its full-year subscriber and profitability guidance and raised its operating-cash-flow and adjusted-free-cash-flow outlook. Verizon trades at a forward price-to-earnings ratio of 8.83 times with a 6.26% dividend yield and $165.2 billion in total debt, while T-Mobile trades at 16.26 times with a 2.28% yield and $84.6 billion in total debt.
T-Mobile US Lagged on Emerging Network Competition Concerns
T-Mobile US lagged in the second quarter of 2026 due to concerns over a competitor building its own terrestrial US mobile network, according to the Carillon Eagle Growth & Income Fund. The fund noted that advances in low Earth orbit satellite technology, alongside complementary terrestrial technologies, could enable lower-cost connectivity for mobile devices. T-Mobile US shares closed at $177.21 on July 27, 2026, with a one-month return of 5.65% and a 52-week loss of 24.39%, giving the company a market capitalization of about $190.08 billion.
Amazon seeks FCC license for 5,105 satellites to serve mobile phones
Amazon filed an application with the Federal Communications Commission for a license to operate a new network of 5,105 satellites that would provide service to mobile phones, with plans to start launching them in 2028. The move comes months after Amazon acquired the satellite operations of Globalstar, which provides emergency connectivity to Apple iPhones and internet-of-Things devices, and the filing revealed plans to leverage Globalstar's radio spectrum to expand these offerings and integrate them with Amazon's broadband internet satellite network, Leo. That sets up more competition with SpaceX, which dominates both satellite internet and satellite-to-mobile services and will spend $20 billion buying spectrum from Echostar to build out its mobile constellation. Still, it is not yet clear how valuable satellite-to-mobile connections will be, as most offer limited bandwidth suitable only for text messages or emergencies, and T-Mobile's CEO said in May that satellite usage was 0.0002% of total network usage, largely focused on national parks. Amazon faces an additional challenge without its own fleet of rockets, having depended on Jeff Bezos' Blue Origin and its delayed New Glenn rocket, which is now grounded after an anomaly destroyed its launch pad in May, forcing Amazon to request an extension to its FCC build-out deadline. Despite lagging behind SpaceX, Amazon's massive capital reserves of $255 billion in current assets as of the end of April mean it can keep investing in its network, while SpaceX's capital needs appear far more pressing.
T-Mobile's AI-powered 5G network supported one of the largest live events in U.S. history
T-Mobile revealed how its AI-powered Dynamic CX platform and 5G Advanced network supported one of the largest live events in U.S. history, this summer's international soccer tournament across 11 U.S. host markets. The network carried more than 1 petabyte of traffic across all host stadiums on game days, connected over 2.26 million fans across 78 matches, and maintained 99.9% network availability. Dynamic CX executed over 11,000 automated network optimizations during 12 major fan events outside venues, while T-Mobile customers experienced average download speeds exceeding 300 Mbps in stadiums. The company also supported public safety agencies with portable network assets and T-Priority for first responders, and at the championship match at MetLife Stadium delivered average download speeds of 1,251 Mbps.
S&P 500 Futures Slip as Higher Yields and Volatility Weigh on Markets
US stock futures are pointing lower this morning, with E mini S&P 500 contracts down about 0.4%, as investors react to higher borrowing costs and a jump in market volatility. The US 10 year Treasury yield is sitting near a two month high around 4.65%, raising costs for mortgages, car loans, and business financing, while crude oil strength and geopolitical tensions feed worries that the cost of living could stay elevated for longer. Among top movers, Lockheed Martin jumped 10.54% after Q2 results showed higher sales and net income, United Rentals gained 10.11% following a Q2 beat and higher guidance, and Thermo Fisher Scientific climbed 8.71% on strong Q2 earnings and raised guidance. On the losing side, Tesla fell 14.52% after Q2 earnings and multiple analyst price target cuts, T-Mobile US declined 10.75% despite Q2 revenue growth and a higher price target from Goldman Sachs, and Rollins dropped 9.27% following a downgrade to Underperform. On the radar, earnings from American Express, SLB, Verizon, NextEra Energy, and HCA Healthcare share the spotlight with key US manufacturing data.
T-Mobile US Could Be 33% Undervalued After Earnings Sell-Off
T-Mobile US shares fell 10.8% on the day of its second-quarter 2026 earnings release, bringing the year-to-date decline to about 14.6% and the one-year total shareholder return to a 29.9% loss. The company beat profit expectations but slightly missed revenue estimates, even as management raised full-year free cash flow guidance. The most widely followed analyst narrative now pegs fair value at $253.88 per share versus the current $170.42, implying the stock is 32.9% undervalued, with a consensus price target of $253.88 and a range from $170.00 to $300.00. However, the current price-to-earnings ratio of 17.5x sits above the estimated fair ratio of 16.5x and above peer and industry averages of 12.4x and 15.6x, suggesting less room for error if growth disappoints. Risks include potential handset tariffs raising device costs and rivals ramping up promotions.
T-Mobile US beats Q2 estimates, raises free cash flow outlook and buys back $2.5 billion in shares
T-Mobile US reported second-quarter 2026 results that beat expectations, with revenue rising to US$22.79 billion and net income edging up to US$3.24 billion. The company also raised its full-year adjusted free cash flow guidance and continued its share repurchase program, buying back 13.25 million shares for US$2.50 billion in the latest tranche. Management's confidence in cash generation is underscored by the upgraded outlook and the ongoing buybacks, which are part of a larger capital return program that has seen US$7,400.94 million in repurchases completed under the current authorization. The investment narrative remains centered on leveraging its 5G network and broadband expansion to drive free cash flow, though risks include rising churn and intense competition.
T-Mobile US Reports 13% Postpaid Service Revenue Growth and Raises Free Cash Flow Guidance
T-Mobile US posted strong second-quarter results, with postpaid service revenue up 13% year-over-year and total service revenue up 9%. The company added 277,000 postpaid net accounts and reported a record high Net Promoter Score of 46. Full-year service revenue guidance is approximately $77 billion, representing 8% growth, while core adjusted EBITDA is expected between $37.1 billion and $37.5 billion. Adjusted free cash flow guidance was increased to between $18.4 billion and $18.8 billion, and the company repurchased 253 million shares, reducing total shares outstanding to 1.07 billion. T-Mobile also noted it anticipates a temporary elevated account churn profile in the third quarter due to rate plan modernization.
US Initial Jobless Claims Drop to 187,000, a Level Not Seen Since the Late 1960s
Initial jobless claims fell to 187,000 for the latest week, well below the expected 212,000 and the prior week's slightly upwardly revised 209,000, reaching lows not seen since the late 1960s. Continuing claims came in at 1.796 million, below the downwardly revised 1.798 million from the previous week and the lowest print since the week of May 30th. The data arrived amid a sharp pre-market selloff driven by rising Middle East tensions, with the Dow down 560 points, the S&P 500 off 83 points, and the Nasdaq dropping 450 points. WTI oil prices rose over 4% to above $91 per barrel and Brent crude gained over 5% to nearly $100 per barrel following hostilities in the Strait of Hormuz involving Yemeni Houthis and US air strikes in Iran. In earnings, American Airlines posted a 400% positive earnings surprise to $0.15 per share on revenues of $16.74 billion, T-Mobile US beat by 25.7% to $3.13 per share on revenues of $22.79 billion, Blackstone surpassed estimates by 14.3% to $1.52 per share on revenues of $3.8 billion, and Lockheed Martin shares rose 5.5% after beating earnings estimates by nearly 10% to $7.94 per share on revenues of $20.06 billion.
Intel earnings headline a busy Thursday of corporate results and jobs data
Investors face a packed Thursday on July 23rd, with earnings reports from Intel, RTX Corporation, and T-Mobile US Inc, alongside the latest initial jobless claims data. Intel's quarterly report is expected to show a solid quarter driven by robust server demand and improving factory output. RTX is anticipated to post another quarter of profit growth supported by commercial aerospace and defense demand. T-Mobile will be watched for continued momentum in wireless subscriber growth and broadband expansion, with commentary on the integration of US Cellular closely scrutinized. Meanwhile, economists forecast a slight uptick in new jobless claims compared to the prior week.
T-Mobile Offers Up to $1,900 Off Samsung Galaxy Z Fold8 Series with Trade-In
T-Mobile announced that Samsung's new Galaxy Z Fold8 Ultra, Galaxy Z Fold8, Galaxy Z Flip8, Galaxy Watch9, and Galaxy Watch Ultra2 are available for pre-order starting today and will launch on August 7. Customers can get up to $1,900 off the Galaxy Z Fold8 or Z Fold8 Ultra with an eligible trade-in on the Experience Beyond and Go5G Next plans, making the Galaxy Z Fold8 free or the Z Fold8 Ultra just $200. The Galaxy Z Flip8 is available for $100 with a new line or trade-in on select plans, while business customers can receive up to $1,300 off when switching and trading in a device, or up to $900 off when adding a line with no trade required. Wearable deals include a free Galaxy Watch9 40mm or $430 off the Galaxy Watch Ultra2 on the Watch Plan Plus, and starting July 30, a 25 percent discount on a bundle of a case, screen protector, charger, and Samsung Buds. T-Mobile also highlighted its 5G Advanced network, T-Satellite with Starlink connectivity, and plan benefits such as Hulu, Netflix, and MLB.TV on Us.
Five Stocks Worth Buying More of Right Now Include Broadcom
The Motley Fool highlights five stocks worth adding to positions, led by Broadcom, which has become a key AI player through custom chips for Alphabet and Meta and dominant networking gear. Taiwan Semiconductor Manufacturing, the world's most advanced chip fabricator, raised its growth outlook and is investing another $100 billion in its Arizona campus. Alphabet combines Google Search cash flows with a fast-growing cloud business and AI models, drawing a large stake from Berkshire Hathaway. T-Mobile added more than 500,000 broadband connections in a recent quarter and is expanding into fiber, while Verizon closed its Frontier acquisition to reach over 30 million homes and businesses with fiber, offering a defensive dividend play.
AT&T Joins Cross-Carrier Fraud Prevention and 5G Low-Latency Trials
AT&T is collaborating with T-Mobile, Verizon, and Aduna on a network-level tool to counter AI-driven digital identity fraud, while also participating in industry-first field trials of Ericsson's Low-Latency Mobility technology on its 5G network. The fraud prevention initiative aims to secure digital identity at the carrier level, potentially benefiting banks, fintechs, and large consumer apps by reducing account takeover risk. The low-latency trials, conducted with Ericsson and MediaTek, target real-time applications such as extended reality, industrial control, and venue security. AT&T's stock recently traded at $21.81, with a year-to-date decline of 11.2% and a one-year drop of 16.6%, though it gained 1.2% over the past week. Investors will watch for commercial adoption of these services as potential new revenue streams beyond traditional wireless and fiber.
T-Mobile Set to Report Q2 Results Amid Revenue Growth and Earnings Pressure
T-Mobile is set to report second-quarter 2026 results on July 23 before the opening bell. The Zacks Consensus Estimate for total revenues is pegged at $22.8 billion, up from $21.1 billion a year ago, while the adjusted earnings per share consensus estimate of $2.52 indicates a decline from $2.84 reported a year ago. Revenue growth is expected to have been driven by steady postpaid subscriber additions, growing broadband adoption, and continued demand for premium wireless services, supported by the launch of SuperBroadband, an expanded Mint Mobile bundle, and the new motorola razr lineup. However, earnings are likely to have been weighed down by higher promotional spending, elevated device subsidies, increased customer acquisition costs, and continued investments in 5G and broadband infrastructure. The company has a trailing four-quarter earnings surprise of 12.27%, but the current Earnings ESP of -7.23% and a Zacks Rank of 3 do not conclusively predict an earnings beat for this quarter.
Verizon, AT&T, and T-Mobile partner with Aduna on cross-carrier mobile fraud defense
Verizon Communications, along with AT&T and T-Mobile, has partnered with Aduna on a new cross-carrier digital security solution targeting AI-driven identity theft across the U.S. mobile ecosystem. The initiative moves authentication beyond traditional SMS one-time passcodes and responds to rising fraud losses affecting consumers, enterprises, and mobile operators. The partnership may influence how future security products and identity tools are packaged and priced across the mobile sector, and for Verizon it could shape how it positions its network, enterprise offerings, and customer trust messaging as digital identity remains a central concern for banks, fintechs, and app providers.
Verizon sells 274 stores and cuts 500 jobs in latest restructuring
Verizon Communications is selling 274 company-owned stores and cutting about 500 corporate jobs, deepening a restructuring under new CEO Dan Schulman. The store sale, effective August 16, will leave Verizon with roughly 1,000 company-owned locations, and the moves affect about 3,000 retail and corporate employees in total. This follows more than 13,000 job cuts announced in November, the sale of 179 corporate stores to franchise operators, and several hundred additional job eliminations in May. Six large operators now run most of Verizon's franchised stores, and the company is working with franchise owners across 5,000 outlets. The retrenchment comes as Verizon battles AT&T and T-Mobile in a saturated market, countering with simpler plans, dropped fees, and a new loyalty program, while also joining a satellite joint venture seen as a defense against SpaceX's Starlink.
Wireless Network Quality Returns to Record High, JD Power Finds
Wireless network quality in the United States has returned to a record high, according to the J.D. Power 2026 U.S. Wireless Network Quality Performance Study—Volume 2. Customers experienced just 8 problems per 100 interactions, matching the record low set in the 2025 Volume 2 study. This improvement coincides with a decline in device usage, with customers spending an average of 16 fewer minutes on their devices over a 48-hour period compared to the prior year. Verizon Wireless and T-Mobile were locked in tight competition, each ranking highest in multiple regions. The study is based on responses from 19,535 wireless customers and was fielded from December 2025 through May 2026.