T-Mobile shares fall despite Q2 earnings beat and higher cash flow forecast
T-Mobile reported Q2 2026 earnings of $2.85 per share, beating the $2.58 consensus, while revenue rose 8% YoY to $22.79 billion, slightly missing the $22.98 billion forecast. Shares fell about 3.4% in premarket trading as investors focused on the revenue shortfall and a 13% year-over-year decline in postpaid net account additions to 277,000. Service revenue grew 9% to $19.0 billion, and core adjusted EBITDA rose 12% to $9.5 billion. The company raised its full-year adjusted free cash flow guidance to $18.4-$18.8 billion and its operating cash flow forecast to $28.4-$28.8 billion, including UScellular merger costs. T-Mobile maintained its outlook for postpaid net account additions of 950,000 to 1.05 million and core adjusted EBITDA of $37.1-$37.5 billion for the full year.
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