T-Mobile Delivers Continued Strong Account Growth, Translating into Industry-Leading Service Revenue Growth Driven by Widening Differentiation

Q2 Results, Alongside Record-High Wireless NPS Score, Another Proof Point that the Un-carrier’s Winning Formula of Best Network, Best Value and Best Experiences Drives Durable and Profitable GrowthBELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile US, Inc. (NASDAQ: TMUS): Continued Strong Account Growth and Deepening Customer Relationships Fueled by Widening Differentiation Postpaid Average Revenue Per Account (“ARPA”) of $152.91 grew 2% year-over-year Postpaid net account additions of 277 thousand decreased 13% year-over-year Translating Strong Account Growth into Durable and Profitable Financial Growth Service revenues of $19.0 billion grew 9% year-over-year, industry-leading growth(1) Postpaid service revenues of $15.9 billion grew 13% year-over-year, industry-leading growth Strong Net income of $3.2 billion grew 1% year-over-year and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million Diluted earnings per share (“EPS”) of $2.99 grew 5% year-over-year and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $0.14 Core Adjusted EBITDA(2) of $9.5 billion grew 12% year-over-year, industry-leading growth Net cash provided by operating activities of $7.5 billion grew 7% year-over-year Adjusted Free Cash Flow(2) of $4.8 billion grew 4% year-over-year Extending Overall Network Lead with Best Assets, Customer Centricity and Technology Leadership T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data(3) Ookla awarded T-Mobile with the Best Mobile Network in its Speedtest Connectivity report for the third consecutive time(4) T-Mobile yet again recognized as the most awarded network by Opensignal, sweeping all Quality of Experience and Network Performance categories, while also leading in 5G Coverage and Application Experience categories(5) T-Mobile awarded Test Champion by P3 in their Q2 2026 US Mobile Benchmark, sweeping all 13 award categories, including AI Services Champion(6) T-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2026 results today, delivering strong postpaid net account and postpaid ARPA growth. The company’s robust account and ARPA growth contributed to industry-leading service revenue growth, including Postpaid service revenue growth, strong Net income, industry-leading Core Adjusted EBITDA growth, strong Net cash provided by operating activities margin and industry-leading Adjusted Free Cash Flow margin. “Q2 marked another strong quarter of execution as we continued making meaningful progress toward our ambitious 2026 and 2027 objectives, including achieving our highest-ever wireless NPS score of 46,” said Srini Gopalan, CEO of T-Mobile. “Our strategy is simple: give customers the best network, the best value, and the best experience, all in one place. That’s how we eliminate trade-offs for our customers, and that’s what sets us apart, and our results represent another proof point that our strategy is working. Our differentiated approach is all about creating durable growth opportunities that no one else in the industry can match. As our unmatched value proposition continues to resonate with customers, and as we continue to invest in our network and our technology, we see a tremendous runway for growth across both wireless and broadband, as well as new businesses. We’re just getting started.” ___________________________________________________________ (1) Industry-leading claims are based on consensus expectations if results are not yet reported. (2) Core Adjusted EBITDA and Adjusted Free Cash Flow are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures tables. We are not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect Net income, including, but not limited to, Special Items, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable. (3) HarrisX Mobile Insights, Q2 2026. Net Promoter Score® (NPS®) is a registered trademark of Bain & Company. (4) Ookla® U.S. Speedtest Connectivity Report H1 2026. (5) Mobile Network Experience Report July 2026 © Opensignal Limited. (6) P3 US Mobile Benchmark Q2 2026. Continued Strong Account Growth and Deepening Customer Relationships Fueled by Widening Differentiation Postpaid ARPA of $152.91 grew 2% year-over-year. Postpaid net account additions of 277 thousand decreased 41 thousand, or 13%, year-over-year. Postpaid account churn of 0.99%. Quarter Six Months Ended June 30, (in thousands, except churn and ARPA) Q2 2026 Q1 2026 Q2 2025 2026 2025 Postpaid net account additions 277 217 318 494 523 Total postpaid accounts, end of period (1)(2)(3) 34,700 34,439 31,502 34,700 31,502 Postpaid account churn 0.99 % 1.04 % 0.92 % 1.02 % 0.93 % Postpaid ARPA $ 152.91 $ 151.93 $ 149.87 $ 152.42 $ 148.06 (1) In the second quarter of 2026, Metronet agreed to repurchase certain customer accounts, resulting in a base adjustment to decrease postpaid accounts by 16,000. This base adjustment had no impact on postpaid net account additions. (2) In the first quarter of 2026, we recognized a base adjustment to decrease postpaid accounts by 18,000, primarily due to combining certain business accounts that have multiple billing account numbers. This base adjustment had no impact on postpaid net account additions. (3) In the second quarter of 2025, we acquired 85,000 postpaid accounts from Lumos. This base adjustment had no impact on postpaid net account additions. Translating Strong Account Growth into Durable and Profitable Financial Growth Total service revenues increased 9% year-over-year to $19.0 billion, and Postpaid service revenues increased 13% year-over-year to $15.9 billion. Net income increased 1% year-over-year to $3.2 billion and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $146 million. Diluted EPS increased 5% year-over-year to $2.99 per share and included the impact of UScellular merger-related costs, including accelerated depreciation, net of tax, of $0.14. Core Adjusted EBITDA increased 12% year-over-year to $9.5 billion. Net cash provided by operating activities increased 7% year-over-year to $7.5 billion. Cash purchases of property and equipment, including capitalized interest, increased 13% year-over-year to $2.7 billion. Adjusted Free Cash Flow increased 4% year-over-year to $4.8 billion. Stockholder Returns of $3.3 billion in Q2 2026, including common stock repurchases of $2.2 billion and cash dividends of $1.1 billion as part of the current stockholder return authorization of up to $18.2 billion through December 31, 2026, for cumulative stockholder returns(1) of $54.6 billion since program inception, split across repurchases of $44.2 billion and cash dividends of $10.4 billion. In Q3 2026 through July 17, 2026, the company repurchased an additional $392 million in common stock, totaling $2.5 billion in total shares repurchased since the beginning of Q2 2026. Quarter Six Months Ended June 30, Q2 2026 vs. Q1 2026 Q2 2026 vs. Q2 2025 YTD 2026 vs. YTD 2025 (in millions, except EPS) Q2 2026 Q1 2026 Q2 2025 2026 2025 Total service revenues $ 18,983 $ 18,831 $ 17,438 $ 37,814 $ 34,363 0.8 % 8.9 % 10.0 % Postpaid service revenues 15,853 15,629 14,078 31,482 27,672 1.4 % 12.6 % 13.8 % Total revenues 22,791 23,107 21,132 45,898 42,018 (1.4 )% 7.9 % 9.2 % Net income 3,239 2,504 3,222 5,743 6,175 29.4 % 0.5 % (7.0 )% Diluted EPS 2.99 2.27 2.84 5.26 5.42 31.7 % 5.3 % (3.0 )% Adjusted EBITDA 9,537 9,241 8,547 18,778 16,806 3.2 % 11.6 % 11.7 % Core Adjusted EBITDA 9,537 9,240 8,541 18,777 16,799 3.2 % 11.7 % 11.8 % Net cash provided by operating activities 7,500 7,222 6,992 14,722 13,839 3.8 % 7.3 % 6.4 % Cash purchases of property and equipment, including capitalized interest 2,703 2,623 2,396 5,326 4,847 3.0 % 12.8 % 9.9 % Adjusted Free Cash Flow 4,797 4,599 4,596 9,396 8,992 4.3 % 4.4 % 4.5 % (1) Beginning in Q3 2022 through June 30, 2026. Extending Overall Network Lead with Best Assets, Customer Centricity and Technology Leadership T-Mobile achieved a record wireless NPS score of 46, the highest-ever NPS for a big three carrier, according to HarrisX survey data Ookla awarded T-Mobile with the Best Mobile Network in its Speedtest Connectivity report for the third consecutive time T-Mobile yet again recognized as the most awarded network by Opensignal, sweeping all Quality of Experience and Network Performance categories, while also leading in 5G Coverage and Application Experience categories T-Mobile was awarded Test Champion by P3 in their Q2 2026 US Mobile Benchmark, sweeping all 13 award categories, including AI Services Champion See 5G device, coverage, and access details at T-Mobile.com. NPS: HarrisX Mobile Insights, Q2 2026. Net Promoter Score® (NPS®) is a registered trademark of Bain & Company. Ookla Award: Ookla® U.S. Speedtest Connectivity Report H1 2026. Opensignal Awards: Mobile Network Experience Report July 2026 © Opensignal Limited. P3 Awards: P3 US Mobile Benchmark Q2 2026. Raising Cash Flow Guidance, Reiterating Strong 2026 Account and Profitability Guidance Postpaid net account additions are expected to be between 950 thousand and 1.05 million. Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.1 billion and $37.5 billion. Net cash provided by operating activities, including net payments for UScellular merger-related costs, is now expected to be between $28.4 billion and $28.8 billion, an increase from prior guidance of $28.1 billion to $28.7 billion. Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion. Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.4 billion and $18.8 billion, an increase from prior guidance of $18.1 billion to $18.7 billion. Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization. (in millions, except Postpaid net account additions and Effective tax rate) Previous Current Change (Mid-point) Postpaid net account additions (thousands) 950 1,050 950 1,050 — Net income (1) N/A N/A N/A N/A N/A Effective tax rate 25 % 26 % 25 % 26 % — Core Adjusted EBITDA (2) $ 37,100 $ 37,500 $ 37,100 $ 37,500 $ — Net cash provided by operating activities 28,100 28,700 28,400 28,800 200 Capital expenditures (3) ~10,000 ~10,000 — Adjusted Free Cash Flow 18,100 18,700 18,400 18,800 200 (1) T-Mobile is not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect GAAP Net income, including, but not limited to, Special Items, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable. (2) Management uses Core Adjusted EBITDA as a measure to monitor the financial performance of company operations, excluding the impact of lease revenues from related device financing programs. (3) Capital expenditures means cash purchases of property and equipment, including capitalized interest. Financial Results For more details on T-Mobile’s Q2 2026 financial results, including the Investor Factbook with detailed financial tables, please visit T-Mobile US, Inc.’s Investor Relations website at https://investor.t-mobile.com. Earnings Call Information Date/Time Thursday, July 23, 2026, at 7:30 a.m. (EDT) Pre-registration link for dial-in access and personalized PIN Participants can pre-register for the conference call here in order to receive dial-in information and a personalized PIN. This option is recommended to avoid wait times when joining the call. Access via Phone (audio only) Please plan on accessing the call 10 minutes prior to the scheduled start time. Toll Free: 1-844-539-1320 International: 1-412-652-1263 Access via Webcast The earnings call will be broadcasted live and can be replayed via the Investor Relations website at https://investor.t-mobile.com. Submit Questions via X Send a post to @TMobileIR or @SriniGopalan using $TMUS. T-Mobile Social Media Investors and others should note that we announce material financial and operational information to our investors using our investor relations website (https://investor.t-mobile.com), newsroom website (https://t-mobile.com/news), press releases, SEC filings and public conference calls and webcasts. We also intend to use certain social media accounts as a means of disclosing information about us and our services and for complying with our disclosure obligations under Regulation FD (the @TMobileIR X account (https://x.com/TMobileIR), the @SriniGopalan X account (https://x.com/SriniGopalan) and our CEO’s LinkedIn account (https://www.linkedin.com/in/srini-gopalan/), both of which Mr. Gopalan also uses as a means for personal communications and observations, and the @TMobileCFO X account (https://x.com/tmobilecfo), and our CFO’s LinkedIn account (https://www.linkedin.com/in/peter-osvaldik-3887394), both of which Mr. Osvaldik also uses as a means for personal communications and observations). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website. About T-Mobile US, Inc. As the supercharged Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is powered by an award-winning 5G network that connects more people, in more places, than ever before. With T-Mobile’s unique value proposition of best network, best value and best experiences, the Un-carrier is redefining connectivity and fueling competition while continuing to drive the next wave of innovation in wireless and beyond. Headquartered in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information, visit https://www.t-mobile.com. Forward-Looking StatementsRead the full story here

T-Mobile Delivers Continued Strong Account Growth, Translating into Industry-Leading Service Revenue Growth Driven by Widening Differentiation

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