T-MOBILE EPS JUMPS 34% AS REVENUE GAINS JUST 6%

T-Mobile's third-quarter net income rose 27% year over year to $3.5 billion, and diluted EPS jumped 34% to $3.22, even though service revenue grew just 6% to $19.4 billion. The carrier raised its 2026 adjusted free cash flow guidance to $18.7-$18.8 billion, up from the prior $18.4-$18.8 billion range, and returned $3.5 billion to shareholders in the quarter through $2.4 billion in buybacks and $1.1 billion in dividends. $TMUS shows a business where cost discipline, not subscriber growth, is now driving the bottom line.