TMUS · 8-K · 20261028PR000128
Guidance and Outlook
T-Mobile US, Inc. · 2026-10-28 · Importance 57 · Surprise 60 · No source text
For 2026, T-Mobile expects approximately 1.0 million postpaid net account additions. The company raised its Core Adjusted EBITDA outlook to $37.35–$37.45 billion and net cash provided by operating activities outlook to $28.7–$28.8 billion, with both ranges higher at the midpoint than prior guidance. Adjusted Free Cash Flow guidance increased to $18.7–$18.8 billion, also $150 million higher at the midpoint; capital expenditures remain approximately $10.0 billion. The expected effective tax rate decreased to 24%–25% from the prior 25%–26% range, and Adjusted Free Cash Flow guidance assumes no material net cash inflows from securitization.
Key facts
- T-Mobile expects 2026 Core Adjusted EBITDA of $37.35 billion to $37.45 billion, with the midpoint increased from prior guidance of $37.1 billion to $37.5 billion. source
- T-Mobile expects 2026 net cash provided by operating activities, including net payments for UScellular merger-related costs, of $28.7 billion to $28.8 billion, up from prior midpoint guidance of $28.6 billion. source
- T-Mobile expects 2026 cash purchases of property and equipment, including capitalized interest, of approximately $10.0 billion. source
- T-Mobile expects 2026 Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, of $18.7 billion to $18.8 billion, up from prior midpoint guidance of $18.6 billion. source
- T-Mobile expects approximately 1.0 million postpaid net account additions for 2026, at the midpoint of its previous guidance range of 950,000 to 1.05 million. source
- T-Mobile's 2026 Adjusted Free Cash Flow guidance does not assume material net cash inflows from securitization. source
- T-Mobile recorded $141 million of severance and related costs associated with its 2025–2026 workforce transformation and reinvestment initiative in Q1 2026, and $390 million in Q4 2025. source
- T-Mobile recorded $141 million of costs associated with its 2025–2026 workforce transformation and reinvestment initiative for the nine months ended September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +0.4% | T-Mobile expects 2026 Core Adjusted EBITDA of $37.35 billion to $37.45 billion, with the midpoint increased from prior guidance of $37.1… |
| cash | positive | committed | — | T-Mobile expects 2026 net cash provided by operating activities, including net payments for UScellular merger-related costs, of $28.7… |
| cash | negative | committed | — | T-Mobile expects 2026 cash purchases of property and equipment, including capitalized interest, of approximately $10.0 billion. |