T-Mobile Raises 2026 Outlook as Service Growth Boosts Free Cash Flow

T-Mobile US, Inc. TMUS raised its 2026 profitability and cash-flow outlook after third-quarter earnings and revenues topped expectations. The update points to sustained service-revenue momentum, better customer monetization and stronger cash generation. The key question is whether those gains can continue while T-Mobile funds network investment, returns capital to shareholders and absorbs higher churn and operating costs. TMUS Earnings Beat Reflects Stronger Operations T-Mobile reported third-quarter 2026 earnings of $3.22 per share, topping the Zacks Consensus Estimate of $2.86 by 12.6%. Revenues of $23.58 billion exceeded the consensus mark by 1.2% and increased 7.4% year over year. Operating income rose 25% to $5.