T-Mobile shares jump after Q1 results and raised 2026 guidance highlight stronger cash flow and bigger returns

T-Mobile US, Inc. (TMUS) is up 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The stock appears to be reacting to T-Mobile’s Q1 2026 earnings update, which featured higher 2026 guidance ranges and continued growth in service revenue and profitability. Investors also likely focused on the expanded 2026 stockholder return authorization and the pace of buybacks and dividends, which can support the share price even when GAAP EPS is pressured by merger-related costs.

Details:

The April 28, 2026 earnings release showed total service revenues rising 11% year over year to $18.8 billion, with Core Adjusted EBITDA up 12% to $9.2 billion.

T-Mobile raised several 2026 outlook items, including postpaid net account additions (950,000–1.05 million) and Adjusted Free Cash Flow ($18.1–$18.7 billion).

The company increased its 2026 stockholder return authorization to up to $18.2 billion (up to $3.6 billion higher than the prior 2026 authorization).

Q1 2026 stockholder returns totaled $6.0 billion, including $4.9 billion of common stock repurchases and $1.1 billion of cash dividends; diluted EPS was $2.27 and reflected UScellular merger-related costs.

Sources:

T-Mobile Newsroom, T-Mobile Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TMUS Insider Trading Activity

$TMUS insiders have traded $TMUS stock on the open market 19 times in the past 6 months. Of those trades, 1 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $TMUS stock by insiders over the last 6 months:

RAUL MARCELO CLAURE sold 550,000 shares for an estimated $119,663,500
TELEKOM AG DEUTSCHE has made 0 purchases and 4 sales selling 191,044 shares for an estimated $31,723,945.
G MICHAEL SIEVERT has made 0 purchases and 5 sales selling 140,000 shares for an estimated $30,200,638.
PETER OSVALDIK (Chief Financial Officer) sold 27,000 shares for an estimated $5,801,220
MARK WOLFE NELSON (Chief Legal Officer & GC) has made 0 purchases and 3 sales selling 18,843 shares for an estimated $4,157,295.
SRINI GOPALAN (President and CEO) purchased 9,800 shares for an estimated $1,977,836
SRIKANT M. DATAR has made 0 purchases and 2 sales selling 4,291 shares for an estimated $945,890.
MICHAEL J. KATZ (Pres, Mkting Stgy & Prods) sold 2,500 shares for an estimated $539,775
LETITIA A LONG sold 1,457 shares for an estimated $306,436

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$TMUS Hedge Fund Activity

We have seen 780 institutional investors add shares of $TMUS stock to their portfolio, and 884 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SOFTBANK GROUP CORP. removed 16,671,036 shares (-36.9%) from their portfolio in Q4 2025, for an estimated $3,384,887,149
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 12,543,974 shares (-71.7%) from their portfolio in Q4 2025, for an estimated $2,546,928,480
PRICE T ROWE ASSOCIATES INC /MD/ added 6,516,968 shares (+30.6%) to their portfolio in Q4 2025, for an estimated $1,323,205,182
WELLINGTON MANAGEMENT GROUP LLP added 3,121,759 shares (+23.2%) to their portfolio in Q4 2025, for an estimated $633,841,947
DODGE & COX added 2,442,450 shares (+65.2%) to their portfolio in Q4 2025, for an estimated $495,915,048
AMUNDI removed 1,491,932 shares (-36.3%) from their portfolio in Q4 2025, for an estimated $302,921,873
JPMORGAN CHASE & CO removed 1,411,393 shares (-31.0%) from their portfolio in Q4 2025, for an estimated $286,569,234

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$TMUS Government Contracts

We have seen $36,633,260 of award payments to $TMUS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

WIRELESS TELECOMMUNICATIONS SERVICES TO INCLUDE DATA (EMAIL), TELEPHONE/VOICE (INCLUDING VOICEMAIL) AND/OR ...: $14,485,496
IRS BASELINE REQUIREMENT FOR SMARTPHONES, HOTSPOTS, AND TABLETS.: $4,975,700
EPA WIRELESS MOBILITY SERVICES: $2,221,973
TASK ORDER FOR WIRELESS SERVICES: $1,350,000
T-MOBILE USA WIRELESS TASK ORDER: $1,037,403

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$TMUS Congressional Stock Trading

Members of Congress have traded $TMUS stock 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $TMUS stock by members of Congress over the last 6 months:

REPRESENTATIVE JONATHAN L. JACKSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $115,000 on 01/13, 11/11.
REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 12/11.
SENATOR MARKWAYNE MULLIN sold up to $100,000 on 11/03.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$TMUS Analyst Ratings

Wall Street analysts have issued reports on $TMUS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 12/10/2025
Argus Research issued a "Buy" rating on 12/09/2025
Tigress Financial issued a "Buy" rating on 11/11/2025

To track analyst ratings and price targets for $TMUS, check out Quiver Quantitative's $TMUS forecast page.

$TMUS Price Targets

Multiple analysts have issued price targets for $TMUS recently. We have seen 13 analysts offer price targets for $TMUS in the last 6 months, with a median target of $251.0.

Here are some recent targets:

Timothy Horan from Oppenheimer set a target price of $260.0 on 04/29/2026
Maher Yaghi from Scotiabank set a target price of $263.0 on 04/29/2026
Lyaysyan Sedova from Freedom Broker set a target price of $270.0 on 04/17/2026
Brandon Nispel from Keybanc set a target price of $260.0 on 04/13/2026
Michael Rollins from Citigroup set a target price of $225.0 on 03/17/2026
Jonathan Kees from Daiwa Capital set a target price of $240.0 on 02/19/2026
Eric Luebchow from Wells Fargo set a target price of $235.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.