Did T-Mobile beat or miss expectations this quarter?

T-Mobile earnings showed a mixed outcome. Revenue beat at $24.33 billion, but postpaid phone net adds were 962,000 versus FactSet’s 981,000 estimate. Churn rose to 1.02% during a competitive holiday period. Management guided adjusted free cash flow to $18.0–$18.7 billion, slightly below the ~ $18.9 billion consensus.

What is T-Mobile’s 2026 free cash flow guidance?

Management guided adjusted free cash flow to a range of $18.0–$18.7 billion. That is a bit under the roughly $18.9 billion consensus and reflects ongoing investment and promotions. Investors should watch churn and ARPU trends, which can shift cash conversion toward the upper end of the range.

How does churn affect T-Mobile’s profitability?

Higher churn raises acquisition and retention costs and can lower service margins if it persists. The latest churn was 1.02%, up during a heavy promotional season. If churn normalizes and premium plan mix expands, margins can stabilize, supporting the T-Mobile earnings outlook and free cash flow delivery.

Is TMUS stock attractive on valuation after the report?

TMUS trades near 21x TTM earnings and about 13x TTM free cash flow, with net debt to EBITDA around 3.93. Those levels look reasonable for a scale leader with solid margins. With 9 Buy and 6 Hold ratings, sentiment remains constructive, though near-term volatility is likely as guidance is tested.

What should investors watch next for T-Mobile?

Key items: postpaid subscriber growth versus rivals’ promos, churn direction, ARPU, and progress toward $18.0–$18.7 billion free cash flow. Technicals around the 50‑day average and $193–$204 band matter for entries. The next earnings release is expected April 22 after the close, which should update trends.

Global Market Insights

TMUS Stock Today: Q4 Revenue Beat, Adds Miss as Competition Heats – February 11

ByHuzaifa Zahoor February 12, 2026February 12, 2026

T-Mobile earnings are in focus after the carrier posted a Q4 revenue beat while subscriber adds fell short. The company added 962,000 postpaid phone customers versus FactSet’s 981,000 estimate as holiday promos from rivals tightened the race. Churn ticked up to 1.02% and annual free cash flow guidance of $18.0–$18.7 billion trailed ~ $18.9 billion consensus. For U.S. investors tracking NASDAQ: TMUS, today’s update highlights near-term margin pressure but still solid share gains. We break down the numbers, guidance, and what to watch next for TMUS stock today.