T-Mobile 1Q Revenue Rises on Postpaid Account Growth

Published: 2026-04-28 16:21:11 ET TMUS

Published on 04/28/2026 at 04:21 pm EDT

By Kelly Cloonan

T-Mobile US logged higher revenue for the first quarter as it continued to grow its base of postpaid accounts.

The cell carrier said Tuesday it had 217,000 postpaid net account additions in the first quarter, including in phone and broadband, up 6% year over year. The company's postpaid phone service is its most lucrative phone offering, where service is paid for each month on a contract. Analysts polled by FactSet had forecast 192,800 postpaid net account additions in the quarter.

Average monthly postpaid service revenue earned per account also rose, up 3.9% year-over-year to $151.93.

Chief Executive Srini Gopalan said those metrics show the company is both attracting new customers and deepening its engagement with its existing base.

"We're more confident than ever in our strategy and the opportunities ahead of us," Gopalan said. "The best truly lies ahead of us."

The growth in postpaid accounts helped T-Mobile's total sales climb almost 11% in the quarter and top Wall Street's expectations.

First-quarter revenue was $23.11 billion, compared with analyst estimates of $22.98 billion.

First-quarter profit came in at $2.5 billion, or $2.27 a share, compared with $2.95 billion, or $2.58 a share, a year earlier. The recent quarter's figure includes merger-related costs related to T-Mobile's acquisition of USCellular, including accelerated depreciation, net of tax, of $476 million. Analysts polled by FactSet had expected earnings of $2.01 a share.

For the full year, T-Mobile now expects to add 950,000 to 1.05 million postpaid net accounts, up from its prior guidance for 900,000 to 1 million additions.

The Bellevue, Wash., company also bumped up the midpoint of its forecast for core adjusted earnings before interest, taxes, depreciation and amortization to a range of $37.1 billion to $37.5 billion, compared with prior guidance of $37 billion to $37.5 billion.

The results and guidance come after The Wall Street Journal reported last week that T-Mobile and its majority owner, Germany's Deutsche Telekom, are discussing combining to create a more streamlined telecom behemoth. Deutsche Telekom has grown its T-Mobile stake over the years and Gopalan, a former Deutsche Telekom executive, took over as T-Mobile CEO at the end of last year.

T-Mobile said earlier Tuesday it agreed to form two strategic fiber joint ventures, with planned investments totaling $2.7 billion. One 50/50 partnership with private-equity firm Oak Hill Capital will acquire and combine GoNetspeed and Greenlight Networks, while the other is with Wren House to acquire i3 Broadband. The partnerships will expand T-Mobile's fiber footprint, the company said.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

04-28-26 1619ET