NEW YORK, Feb 16, 2026, 19:21 EST — Market closed.
T-Mobile US shares last closed at $219.50, up about 2.3%, with Wall Street shut on Monday for the Presidents Day holiday. Trading in U.S. stocks resumes on Tuesday. (Barron’s)
The pause matters because TMUS is coming off a guidance reset that put cash returns back at the center of the story. Investors now have a clean reopening to decide whether the post-earnings bid holds, or fades.
In a Capital Markets Day update on Feb. 11, T-Mobile said it expects 2026 service revenues of about $77.0 billion and core adjusted EBITDA of $37.0 billion to $37.5 billion, alongside adjusted free cash flow of $18.0 billion to $18.7 billion. It lifted 2027 targets and said it expects to roughly double first-quarter share repurchases to up to $5.0 billion. (T-Mobile)
The same day, it said fourth-quarter postpaid phone net adds were 962,000, the highest among the big three U.S. wireless carriers but short of FactSet expectations. The company said it will stop reporting postpaid phone subscriber additions starting this quarter, shifting attention to account growth and ARPA — average revenue per account — while MoffettNathanson senior analyst Craig Moffett called the change “analytically correct” but added that “more is more” when it comes to disclosure. (Reuters)
That puts Verizon and AT&T back in the frame, because pricing and promotions show up first in churn and account adds, not in press releases. A messy spring selling season, or a new round of “free phone” deals, would be the kind of tell traders watch for.
On the funding side, T-Mobile USA said it has agreed to sell €2.5 billion of euro-denominated senior notes, with the deal scheduled to close on Feb. 19, subject to customary conditions. The company said it expects to use proceeds for general corporate purposes that may include share repurchases, dividends and refinancing. (Business Wire)
But the stock is priced for execution. If churn — the share of customers who leave — keeps rising, or if promotions force more giveback, investors could start stress-testing the higher free-cash-flow targets and the buyback pace.
The next markers come quickly: U.S. stocks reopen on Tuesday, Feb. 17, and T-Mobile’s investor site lists a $1.02 dividend with a Feb. 27 record date and a March 12 payment date. (T-Mobile Investor Relations)
