What changed
EPS of $2.99 beat consensus of $2.85 by $0.14 (4.9%), driven by strong service revenue growth. Service revenues hit $19.0B (+9% YoY), with postpaid service revenues up 13% YoY, both industry-leading. The market may miss that EPS included $0.14 in UScellular merger-related costs (accelerated depreciation), meaning core operating earnings were even stronger. Core Adjusted EBITDA grew 12% YoY to $9.5B, underscoring durable, profitable growth.
Why it matters
EPS of $2.99 beat consensus of $2.85 by $0.14 (4.9%), driven by strong service revenue growth. Service revenues hit $19.0B (+9% YoY), with postpaid service revenues up 13% YoY, both industry-leading. The market may miss that EPS included $0.14 in UScellular merger-related costs (accelerated depreciation), meaning core operating earnings were even stronger. Core Adjusted EBITDA grew 12% YoY to $9.5B, underscoring durable, profitable growth.
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Jul 23, 2026 06:55 PM ET