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T-Mobile US (TMUS) guidance and outlook

T-Mobile US (TMUS) raised some and lowered other parts of its guidance on Oct 28, 2026: Tax rate 24%–25% for FY2026; EBITDA $37.4B–$37.5B for FY2026; Operating cash flow $28.7B–$28.8B for FY2026; Free cash flow $18.7B–$18.8B for FY2026. T-Mobile US' 10-Q filed Oct 28, 2026 makes 32 forward-looking statements, 2 of them new and 6 no longer said since the filing before.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 28, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 28, 2026

• • the timing and effects of any pending and future acquisition, investment, joint venture, merger, or divestiture involving us, including our inability to obtain any required regulatory approval necessary to consummate any such transactions or to achieve the expected benefits of such transactions;
• We intend to also use certain social media accounts as a means of disclosing information about us and our services and for complying with our disclosure obligations under Regulation FD (the @TMobileIR X account (https://x.com/TMobileIR), the @SriniGopalan X account (https://x.com/SriniGopalan) and our CEO’s LinkedIn account (https://www.linkedin.com/in/srini-gopalan/), both of which Mr.
• The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website.
• As a result of our UScellular Acquisition restructuring and integration activities, we expect to realize cost efficiencies by eliminating redundancies within our combined network as well as other business processes and operations.
• Upon completion of these activities, we expect to achieve total annual run rate cost synergies of $1.2 billion, consisting of $950 million in operating expenses and $250 million in capital expenditures.
• We currently expect total costs to achieve, excluding accelerated depreciation, to be approximately $2.6 billion, currently expected to be composed of $1.5 billion of UScellular merger-related costs recognized within operating expenses and $1.1 billion of capital expenditures.
• Substantially all costs and associated payments for our UScellular Acquisition restructuring and integration activities are expected to be incurred by the end of fiscal year 2027.
• We are evaluating additional restructuring initiatives associated with the UScellular Acquisition, which are dependent on consultations and negotiations with certain counterparties and the expected impact on our business operations, which could affect the amount or timing of the costs and related payments.
• In addition, pursuant to the definitive agreement, we expect to make an additional capital contribution of approximately $500 million between 2027 and 2028 under the existing business plan.
• The transaction with Oak Hill is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals, at which time we expect to invest approximately $2.0 billion to acquire a 50% equity interest in the joint venture and substantially all existing residential fiber customers.
• On September 14, 2026, we entered into definitive agreements and formed a joint venture with AT&T Inc. and Verizon Communications Inc., or wholly owned subsidiaries thereof, which aims to end wireless dead zones in the U.S., including in rural areas, by pooling certain spectrum resources to increase capacity and help satellite providers reach more customers through a unified platform.
• We expect to license certain intellectual property to the joint venture, and will also commit to provide access to certain spectrum licenses to satellite service providers who contract with the joint venture.

T-Mobile US' latest quarter

Questions

Did T-Mobile US raise or lower its guidance?

T-Mobile US (TMUS) raised some and lowered other parts of its guidance on Oct 28, 2026: Tax rate 24%–25% for FY2026; EBITDA $37.4B–$37.5B for FY2026; Operating cash flow $28.7B–$28.8B for FY2026; Free cash flow $18.7B–$18.8B for FY2026.

What does T-Mobile US expect?

Our Network Restructuring Initiative is expected to be completed prior to the end of 2027, with total expected costs incurred to be between $500 million and $800 million. We expect to pay approximately $850 million of cash income taxes primarily through December 31, 2027, related to the close of this transaction. On September 21, 2026, we acquired 600 MHz spectrum licenses from TStar 600, LLC and two of its subsidiaries, in exchange for cash consideration of $290 million, which is expected to be paid in the first quarter of 2027.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.