New York, Feb 13, 2026, 16:02 EST — After-hours
T-Mobile US, Inc. climbed 2.25% to finish at $219.52 on Friday, notching a third session of gains. After hours, the stock held steady at $219.50.
Traders are zeroed in on T-Mobile’s updated long-term goals and how quickly it’s delivering cash to shareholders, after management raised some 2026–27 projections and said it plans to nearly double first-quarter buybacks to as much as $5.0 billion. The telecom giant also reaffirmed its larger return authorization for 2026, plus a roadmap stretching into 2027, with adjusted free cash flow — that’s cash left after capital investments, not measured by GAAP — staying front and center as its benchmark.
On Thursday, debt took the spotlight after T-Mobile announced its T-Mobile USA unit would sell €2.5 billion in euro-denominated senior notes, spread over three maturities. Proceeds are flagged for general corporate uses, which could involve buybacks or refinancing. The notes will offer coupons of 3.200% maturing in 2032, 3.625% in 2035, and 3.900% in 2038.
The stock move comes after T-Mobile’s fourth-quarter numbers landed: customer growth stayed solid, though churn ticked up. Diluted EPS registered at $1.88 for the quarter. The company logged 962,000 net additions in postpaid phone customers, but postpaid phone churn climbed to 1.02%.
During the call, management called out a shift that’s been on analysts’ radar: “So we’ll no longer be reporting subscriber-level elements,” executives told listeners, steering attention toward postpaid accounts and ARPA (average revenue per account) as their new focus. Investing.com
Some aren’t happy about the reduced flow of information. “More is more when it comes to disclosure,” said Craig Moffett, a senior analyst at MoffettNathanson, in comments to Reuters. He highlighted the attention investors pay to phone subscriber growth during the U.S. wireless price war. Reuters
More analyst reactions landed after the results. TD Cowen dropped its price target to $252 from $263 but stuck with a Buy. Analyst Greg Williams said T-Mobile “remains more dismissive on convergence,” choosing instead to double down on its capital return approach. Investing.com UK
Still, it’s hardly a smooth ride. Barron’s pointed out that the quarter brought added expenses from severance and transformation moves, while warning that aggressive promos from AT&T and Verizon could keep squeezing both subscriber growth and margins.
Investors now turn to the euro-notes deal, which is set to close Feb. 19, keeping an eye on whether first-quarter repurchases pick up as planned. The upcoming quarterly update, notably, will mark T-Mobile’s first run at account-based reporting.
