T-Mobile US reported its strongest Q2 performance to date, led by 1.7 million postpaid net customer additions and 830,000 postpaid phone net adds, both best-in-industry for the quarter. The company added 454,000 5G broadband customers, up 12% year-over-year, and now serves a total of 132.8 million customer connections. Postpaid churn remained low at 0.90%. The company also gained 97,000 fiber customers through its Lumos acquisition during the quarter.
From a network perspective, T-Mobile maintained its lead in 5G performance, with Ookla and Opensignal again ranking it highest in speed and experience. Opensignal measured T-Mobile’s download speeds at nearly 200% faster than the next closest provider and upload speeds 65% faster. The company ended the quarter with 7.3 million 5G broadband customers, and continued expansion efforts are supported by capital expenditures of $2.4 billion for the quarter.
T-Mobile reported service revenues of $17.4 billion (up 6% YoY), net income of $3.2 billion (up 10% YoY), and Adjusted Free Cash Flow of $4.6 billion (up 4% YoY). Core Adjusted EBITDA reached $8.5 billion, also up 6%. T-Mobile returned $3.5 billion to shareholders in Q2. The company raised its full-year 2025 guidance, now targeting 6.1–6.4 million postpaid net additions, and expects to generate up to $18.0 billion in Adjusted Free Cash Flow.
- 1.7M postpaid net customer additions; 830K postpaid phone net adds (best-ever Q2)
- 454K 5G broadband net adds; 7.3M 5G broadband customers total
- Postpaid churn: 0.90%; Prepaid churn: 2.65%
- Service revenue: $17.4B (+6% YoY); Postpaid service revenue: $14.1B (+9%)
- Net income: $3.2B; Diluted EPS: $2.84 (+14%)
- Core Adjusted EBITDA: $8.5B (+6%); Operating cash flow: $7.0B (+27%)
- Adjusted Free Cash Flow: $4.6B (+4%); CapEx: $2.4B
- 2025 guidance raised: 6.1–6.4M postpaid net adds; Free Cash Flow target up to $18.0B
“T-Mobile crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history,” said Mike Sievert, CEO of T-Mobile. “These durable advantages enabled us to once again translate customer growth into financial growth, with the industry’s best service revenue growth by a wide mile and record Q2 Adjusted Free Cash Flow.”
🌐 Why it Matters: T-Mobile’s sustained network leadership, combined with disciplined capital investment and scale, has positioned it to convert customer gains directly into financial growth. As wireless carriers pivot toward fixed wireless and fiber convergence, T-Mobile’s momentum places pressure on AT&T and Verizon to respond in both infrastructure and pricing strategies.
