T-Mobile US, Inc. Q1 FY2026 earnings call

Srini discussed the strategy of widening differentiation with best network, value, and experience, leading to industry-leading NPS. Progress in consumer, T-Mobile for Business, and broadband. Innovation like MLB's ball strike system. Peter provided guidance on raised postpaid net account additions, service revenue, core adjusted EBITDA, etc.

Consumer: Postpaid net account additions of 217,000 in Q1, up 6% year over year. Broadband: Fastest growing ISP in America, adding over half a million total broadband net additions, 5G broadband net ads accelerating. T-Mobile for Business: Low share provides growth runway, leveraging nationwide 5G advanced network for cross-sell.

Raised total postpaid net account additions to 950,000 - 1,050,000. Full-year service revenue expected ~$77B (8% growth), Q2 ~$19B (9% yoy). Postpaid ARPA growth 2.5% - 3% full year. Core adjusted EBITDA guide $37.1 - $37.5B. Cash capex unchanged at ~$10B. Adjusted free cash flow $18.1 - $18.7B. Increased 2026 stockholder return authorization by up to $3.6B to $18.2B.

Q: Reports on merger with Deutsche Telekom, A: Policy to not comment on rumors, requires disinterested shareholder approval.

Q: Fiber JV bid-ask spread, A: Each asset unique, focus on target IRRs.

Q: Competition in post-paid market, A: Differentiation drives growth, not just subsidies.

Q: Broadband runway, A: Confident on fixed wireless access, target 15M by 2030.

Q: Postpaid account churn, A: Math explains higher account churn than line churn.

Q: Inference at edge opportunity, A: Low latency and fallow compute create opportunity.

Q: Broadband JV trade-offs, A: Focus on first to fiber and local scale.

Q: SpaceX Starlink partnership, A: Complementary product, B2B super broadband.

Q: Cost synergies, A: Progressing well towards $3B target.

Q: Cost of new customers, A: Larger base and premium plan association.

Q: Share repurchases and U.S. Cellular integration, A: Focus on intrinsic value, U.S. Cellular integration ongoing.

Q: ARPA growth and pricing, A: ARPA growth from multiple factors, focus on best value