T-Mobile US, IncNasdaq: TMUS
Communication Services · Wireless Telecommunication Services
$195.98
+0.25%
Vol: 2.5M
Research Digest
Friday, May 1, 2026
T-Mobile beats Q1 earnings and announces strategic fiber partnerships; Oppenheimer upgrades to Outperform with $260 PT
T-Mobile delivered strong Q1 2026 results with 217K postpaid net adds and revenue of $23.11B, beating consensus. The company announced two 50/50 fiber joint ventures with Oak Hill Capital and Wren House to expand broadband coverage to 1M+ homes. Oppenheimer upgraded TMUS to Outperform citing AI pricing power potential. Analyst actions remain mixed, with JPMorgan cutting its PT to $275 while maintaining Overweight. Reports indicate Deutsche Telekom considering full merger with T-Mobile.
Previous Market Intelligence
13 daysApr 30T-Mobile beats Q1 earnings estimates with 217k new customers and announces fiber joint venturesPositive▶
T-Mobile reported Q1 2026 EPS of $2.27 vs. $2.05 estimate (+10.73% beat) and revenue of $23.11B vs. $22.97B expected. The carrier added 217,000 monthly accounts (6% YoY increase vs. 192,860 estimate). Two new joint ventures in fiber partnerships with Oak Hill Capital and Wren House announced to expand broadband. UScellular integration ongoing. Deutsche Telekom potential holding company combination is under exploration. Strong postpaid growth of 15% service revenue and 12% EBITDA growth driven by network differentiation.
Apr 29T-Mobile shares surge 6% after Q1 earnings beat and raised 2026 guidance for subscriber and cash flow targetsPositive▶
T-Mobile reported strong Q1 2026 results on April 28 with service revenues up 11% YoY to $18.8 billion and Core Adjusted EBITDA up 12% to $9.2 billion, beating expectations. The company raised 2026 guidance for postpaid net account additions (950,000–1.05 million) and Adjusted Free Cash Flow ($18.1–$18.7 billion). Strategic initiatives include SuperBroadband partnership combining 5G with SpaceX Starlink for dual connectivity. Oppenheimer upgraded TMUS to Outperform. Average analyst rating is Buy with 12-month price target of $259.63.
Apr 16T-Mobile received KeyBanc upgrade to Overweight on April 13 with $260 target; Moffett Nathanson also upgraded to Buy with $254 targetPositive▶
T-Mobile received significant analyst upgrades in mid-April: Moffett Nathanson upgraded to Buy with a $254 price target on April 8, and KeyBanc upgraded to Overweight with $260 target on April 13, citing strong network performance and free cash flow growth. The company announced Q1 2026 earnings April 28 at 4:30 PM ET. Morgan Stanley reaffirmed its overweight with a $280 price target. TMUS trades around $210 with an average analyst price target of $267.54 indicating 27.4% upside. T-Mobile added 2.4 million postpaid customers in Q4 2025.
Apr 15T-Mobile received KeyBanc upgrade to Overweight with $260 price target on April 15, citing strong network performance and 33% upside potentialPositive▶
T-Mobile received upgrade from KeyBanc on April 15 to Overweight with $260 target implying 33% upside. EBITDA growth expected to accelerate from 5% in 2025 to 8% by 2027. Management guided $77 billion service revenue in 2026. T-Mobile raised FWA target to 15 million customers by 2030. Launched Mint Mobile bundle at $45/month. Stock at $192.36.
Apr 14T-Mobile upgraded to Overweight by KeyBanc at $260 PT; multiple analyst upgradesPositive▶
KeyBanc upgraded to Overweight with $260 PT April 13. MoffettNathanson Buy with $254 PT. Morgan Stanley Overweight $280. Launched Mint Mobile bundle. Q1 earnings April 28.
Apr 13Q1 2026 earnings scheduled for April 28; MoffettNathanson upgrade to Buy offset by churn concernsMixed▶
T-Mobile upgraded to Buy from Neutral by MoffettNathanson April 8. Q1 earnings report April 28. Company faces operational headwinds: customer churn at 0.93%, layoffs underway, pursuing $3B AI-driven savings. Analyst consensus: Buy with $259 target (+31.1% upside).
Apr 10T-Mobile faces 0.93% churn amid fee hikes but expands 5G partnerships; MoffettNathanson upgrades to Buy.Mixed▶
T-Mobile faces operational challenges with customer churn rising to 0.93% amid fee hikes and layoffs. MoffettNathanson upgraded stock to Buy with $254 price target. Expanded 5G partnerships with Serve Robotics, McGraw Hill, and Motorola Solutions. Launched Mint Mobile bundle at $45/month. Q1 2026 earnings call scheduled April 28. Stock down 20.25% over past year at $197.54.
Apr 9T-Mobile launches Mint Mobile bundle at $45/month amid customer churn challenges.Negative▶
T-Mobile launched Unf*! Your Bills Mint Mobile bundle offering 5G home internet at $45/month with 5-year rate guarantee. Expanded 5G partnerships with Serve Robotics, McGraw Hill, and Motorola Solutions. Company facing elevated customer churn at 0.93% and pursuing $3B AI cost savings. Stock declined 6.24% week-over-week, 8.99% month-over-month. MoffettNathanson upgraded to Buy with $254 target.
Apr 8T-Mobile launches $45/month Mint Mobile bundle; expanding 5G partnerships with Serve Robotics.Positive▶
T-Mobile launched 'Unf*ck Your Bills' Mint Mobile bundle offering premium wireless and 5G home internet for $45/month with 5-year no-increase guarantee. Expanding 5G partnerships with Serve Robotics and Motorola Solutions for satellite connectivity. Stock at $198.61 (-1.39%). Q1 2026 earnings April 28. Average target $258.31 (28.26% upside).
Apr 7T-Mobile raises multi-year growth outlook with 18-19M broadband target by 2030, Q1 earnings April 28Neutral▶
T-Mobile raised multi-year growth guidance during February 11 Capital Markets Day, increasing 2030 broadband target to 18-19M (15M 5G broadband, 3-4M T-Fiber). Company maintained 2026-2027 guidance: Service revenues ~$77B (2026), Core Adjusted EBITDA $37.0-37.5B (2026), Adjusted FCF $18.0-18.7B. Launched iPhone 17e starting at $599 and Samsung Galaxy S26 with promotional offers on March 11. Board declared $1.02/share dividend. CEO Srini Gopalan targets $3B cost savings by 2027.
Apr 6New CEO Srini Gopalan targeting $3B savings by 2027; device promotion limit halved.Neutral▶
T-Mobile under new CEO Srini Gopalan targeting $3B cost savings by 2027. Halved device promotion limit from 4 to 2 per account, restricting family switching deals. Q4 2025 EPS $2.14 beat $2.05. Next earnings April 28. Stock at $201.25, 1.9% dividend yield.
Apr 3Benchmark reiterated T-Mobile's Buy rating with $295 price target citing competitive positioning and pricing strength.Positive▶
T-Mobile announced upcoming changes to device promotion programs on April 2, with free iPhone 17 offers and a new $4 breakfast meal deal launching April 21. The company distributed latest Hometown Grants round on March 26. T-Mobile is eliminating IT roles while investing in innovation-driving areas. Benchmark maintains Buy rating with $295 target. Company has 8.5% revenue growth over the past 12 months with 1.9% dividend yield. Q1 2026 earnings call scheduled for April 28.
Apr 1T-Mobile launched real-time network-integrated AI translation for 50+ languages and expanded 5G education partnerships; Q1 earnings call set for April 28.Positive▶
T-Mobile announced Live Translation service built directly into wireless network for 50+ languages as part of broader AI platform launch. Partnered with McGraw Hill on 5G education for rural schools and Infobip for enterprise security APIs. Hometown Grants program reached 475 communities with $21.5 million committed. Q4 2025 EPS of $2.14 beat estimates. Board member Abdurazak Mudesir resigned March 26.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TMUST | $195.98 | +0.25% | -1.6% | 14.0x | 0.42 | $211.6B |
| GOOGLALPHABET | $385.59 | +0.21% | +28.3% | 28.4x | 1.13 | $4.66T |
| GOOGALPHABET | $382.99 | +0.27% | +28.3% | 28.2x | 1.13 | $4.62T |
| METAMETA | $609.01 | -0.47% | +6.8% | 16.9x | 1.31 | $1.55T |
| NFLXNETFLIX | $91.98 | -1.74% | -5.4% | 24.4x | 1.67 | $394.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.