T-Mobile Surpasses Verizon, AT&T in Net New Customers Amidst Heightened Competition

T-Mobile reported a strong Q2, beating estimates with a 6.9% YoY increase in net sales to $21.1 billion and a 14% YoY increase in adjusted EPS to $2.84. The company gained the most net new customers in Q2 compared to rivals Verizon and AT&T, thanks to its value messaging and the release of a five-year price lock on phone plans in April. T-Mobile lifted its full-year adjusted operating profit guidance and hinted at $1.5 billion in cash tax savings in 2026. Shares rose 6% in after-hours trading.