T-Mobile (TMUS) official guidance

Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion.

Our expectation for full year 2026 cash CapEx remains unchanged at approximately $10 billion.

Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion.

Our expectation for full-year 2026 cash CapEx remains unchanged at approximately $10 billion as we continue to invest to further differentiate the network.

Continues to expect cash purchases of property and equipment, including capitalized interest, to be approximately $10.0 billion.

We expect CapEx of $10 billion in 2026, and that includes all of the overlays around the U.S. cellular retained sites, all of the upgrades to those sites to bring all of the spectrum goodness there and start delivering even more better experiences to customers faster.

•Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $10.0 billion.

We expect, just based on our current assets to scale the 12 million to 15 million homes passed and 3 million to 4 million customers by 2030, which would leave us with the broadband business of 18 million to 19 million customers largely built over a 7-year period, which is again testament to the value of that NPS chart, what we can do with our relationships, the power of our brand and the power of this team.

Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.35 billion and $37.45 billion, an increase at the midpoint from prior guidance of $37.1 billion to $37.5 billion.

We continue to expect core adjusted EBITDA to be between $37.1 billion and $37.5 billion for the full year, representing 10% growth year-over-year at the midpoint.

Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.1 billion and $37.5 billion.

We are also raising our full-year core adjusted EBITDA guide, which is now expected to be between $37.1 billion and $37.5 billion, an increase of $100 million at the lower end of the range.

Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.1 billion and $37.5 billion, an increase at the midpoint from prior guidance of $37.0 billion to $37.5 billion.

•Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $37.0 billion and $37.5 billion, up 10% year-over-year at the midpoint.

Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.7 billion and $18.8 billion, an increase at the midpoint from prior guidance of $18.4 billion to $18.8 billion. Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization.

Finally, we are increasing our adjusted free cash flow guidance to now be between $18.4 billion and $18.8 billion, an increase of $200 million at the midpoint, primarily driven by lower cash income taxes.

Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is now expected to be between $18.4 billion and $18.8 billion, an increase from prior guidance of $18.1 billion to $18.7 billion.

We now expect adjusted free cash flow to be between $18.1 billion and $18.7 billion for the full year, also an increase of $100 million at the lower end of the range.

Adjusted Free Cash Flow, including net payments for UScellular merger-related costs, is expected to be between $18.1 billion and $18.7 billion, an increase at the midpoint from prior guidance of $18.0 billion to $18.7 billion. Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization.

•Adjusted Free Cash Flow, including payments for UScellular merger-related costs, is expected to be between $18.0 billion and $18.7 billion. Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization.

As part of that service revenue guide, we continue to expect strong postpaid ARPA growth of between 2.5% and 3% this year.

As part of that service revenue growth, we continue to expect strong postpaid ARPA growth of between 2.5% and 3% for the full year.

Combined with that growth in postpaid net account additions, we anticipate postpaid ARPA growth of between 2.5% to 3%.

Postpaid net account additions are expected to be approximately 1.0 million, at the midpoint of the previous guide of 950 thousand to 1.05 million.

Starting with accounts, where we continue to expect postpaid account net additions to be between 950,000 and 1,050,000 on the strength of the underlying momentum in the business.

| Postpaid net account additions (thousands) | 950 | 1,050 | 950 | 1,050 | | — |

Starting with accounts, we are raising our expectation for total postpaid net account additions to be between 950,000 and 1,050,000 on the strength of the underlying momentum in the business.

| Postpaid net account additions (thousands) | 900 | 1,000 | 950 | 1,050 | | 50 |

And our expectations for 2026, as we enter the year, are to generate between 900,000 and 1 million postpaid net account additions.

| Postpaid net account additions (thousands) | | 900 | 1,000 |

Turning to service revenues, we continue to expect to deliver full-year service revenues of approximately $77 billion this year, representing 8% growth, with Q3 expectations of approximately $19.3 billion, or up 6% year-over-year.

Turning to service revenues, we continue to expect to deliver full-year service revenue of approximately $77 billion, representing 8% growth, with Q2 expectations of approximately $19 billion or up 9% year-over-year.

So for '26, we now expect approximately $77 billion in service revenue, representing 8% top line growth -- that includes about $3.6 billion of contribution from M&A.

| Effective tax rate | 25% | 26% | 25% | 26% | | — |

| Effective tax rate | 25% | 26% | 25% | 26% | | — |

| Effective tax rate | | 25% | 26% |

Net cash provided by operating activities, including net payments for UScellular merger-related costs, is now expected to be between $28.4 billion and $28.8 billion, an increase from prior guidance of $28.1 billion to $28.7 billion.

Net cash provided by operating activities, including net payments for UScellular merger-related costs, is expected to be between $28.1 billion and $28.7 billion, an increase at the midpoint from prior guidance of $28.0 billion to $28.7 billion.

•Net cash provided by operating activities, including payments for UScellular merger-related costs, is expected to be between $28.0 billion and $28.7 billion.

We now expect between 2026 and '27 -- relative to 2025, these initiatives are going to deliver $1.3 billion of incremental savings in 2026. And $2.7 billion in 2027.

Today, I'm delighted to tell you that we believe this business will go to 15 million customers in 2030 and that there's a lot of runway even beyond that.