TMUS Research Report — As of 2026-08-11

1. Recent Catalysts (Last ~1–3 Months)

Q2 2026 Earnings Beat (July 23, 2026)

The most significant recent catalyst was T-Mobile's Q2 2026 earnings report, released on July 23, 2026. The company posted diluted EPS of $2.99 versus the $2.65 analyst consensus—a beat of 12.8%—and generated $22.79B in revenue, up 7.9% year-over-year from $21.13B in Q2 2025 [5]. Postpaid service revenue grew 13% YoY, total service revenue climbed 9% to $19.3 billion, core adjusted EBITDA rose 12%, and free cash flow margin reached 25% [4]. Management raised full-year free cash flow guidance, reinforcing the company's cash generation narrative [1][4].