EarningsQ2 2026 Earnings Report
DE:DTEA Q2 2026 EPS Results
Actual EPS€0.59
Consensus EPS€0.57
Beat/MissBeat by +€0.02
One Year Ago EPS€0.53
DE:DTEA Q2 2026 Revenue Results
Actual Revenue€30.91B
Expected Revenue€30.58B
Beat/MissBeat by +€329.18M
YoY Revenue Growth+7.10%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DE:DTEA Upcoming Earnings
Deutsche Telekom's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:DTEA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong financial metrics (organic revenue +3.9%, organic EBITDA‑AL +7.4%, adjusted EPS +10.3%), upgraded free cash flow guidance (~EUR 20bn), sustained multi-quarter EBITDA growth across segments, robust T‑Mobile performance, and a significant step-up in shareholder returns (additional EUR 3bn buyback facility). Headwinds include German broadband subscriber losses (‑20k), wholesale revenue declines, a roughly EUR 5bn q/q net debt increase, FX/dollar impacts, and market volatility driven by satellite competition concerns. On balance, the company presented broad operational momentum, clear capital allocation discipline and strategic actions to address share-price volatility, while acknowledging localized commercial and timing challenges.Company Guidance
Group top-line and profitability growth
Group organic sales revenue +3.9% (first 6 months); organic EBITDA-AL +7.4%; adjusted EPS +10.3% — reflecting broad-based growth across segments.
Raised free cash flow guidance
Group free cash flow guidance raised to around EUR 20 billion (benefiting from T‑Mobile U.S. guidance increase of ~USD 0.2 billion at midpoint).
T‑Mobile U.S. outperformance
T‑Mobile organic EBITDA‑AL growth ~9.6% (first half, IFRS); U.S. GAAP service revenue +8.9% YoY; core EBITDA +11.7% YoY; added ~0.5 million accounts in six months (277k account net adds in Q2); ARPA +2% YoY; postpaid phone churn down to 0.85% — strong account and ARPA momentum and network leadership cited as drivers.
Germany: sustained EBITDA growth and improving broadband revenue
Germany delivered 39 consecutive quarters of EBITDA‑AL growth. Total revenues +3.7% (Q2); adjusted EBITDA +2.7% (Q2). Broadband service revenue growth accelerated (Q1 1.6% → Q2 1.9%) and mobile service revenue accelerated to 2.4%.
Fiber and commercial gains in Germany
Germany recorded ~161,000 fiber net adds in the quarter; fiber net adds up 18% YoY and fiber penetration +11% YoY, and management plans to materially accelerate fiber rollout and monetization; TV added ~200k contracted customers H1 and ~1m non-contracted OTT during World Cup.
Europe and T‑Systems consistent progress
European segment delivered ~4% organic service revenue growth and ~4% organic EBITDA‑AL growth (34th consecutive quarter of organic growth). T‑Systems posted healthy revenue & EBITDA growth, secured strategic contracts (Volkswagen global private cloud; joint SAP citizen app), and is on track vs CMD targets.
Shareholder returns and capital allocation discipline
DT increased ongoing EUR 2 billion buyback and proposed an additional up-to EUR 3 billion share buyback facility for 2026 (raising potential 2026 total shareholder remuneration to almost EUR 10 billion if fully utilized). Management emphasized disciplined capital allocation, maintained dividend and leverage headroom (leverage well below 2.75x target).
DE:DTEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed