Deutsche Telekom lifts 2026 guidance

13th May 2026 10:52

(Sharecast News) - Deutsche Telekom lifted its 2026 guidance on Wednesday, pointing to a solid performance at its US subsidiary, as it posted a jump in first-quarter revenue and earnings.

In the first three months of the year, net revenue rose 4.7% on the same period a year earlier on an organic basis, to €29.9bn, with service revenues up 4.6% to €25bn.

Adjusted earnings before interest, tax, depreciation and amortisation after leases grew 7.5% on an organic basis to €11.5bn.

T-Mobile US saw service revenues rise 11.5% in the first quarter to USD18.9bn, while adjusted EBITDA after leases was 12.9% higher at USD9.1bn.

The company said it now expects full-year adjusted EBITDA after leases to rise to around €47.5bn and for free cash flow after leases to be more than €19.8 bn. This is up from previous guidance of around €47.4bn and €19.8bn, respectively. Guidance for adjusted earnings per share was unchanged at around €2.20.

Deutsche Telekom said the upgrade reflects the raised 2026 guidance recently announced by its subsidiary, T-Mobile US.

On 28 April, T-Mobile US lifted its guidance for postpaid net account additions to between 950,000 and 1.05m, from prior guidance of 900,000 to 1m. It also upgraded its forecast for core adjusted EBITDA - adjusted EBITDA less lease revenues - to between $37.1bn and $37.5bn, an increase at the midpoint from prior guidance of $37bn to $37.5bn.

Chief executive Tim Hottges said on Wednesday: "Deutsche Telekom shows resilience in turbulent times.

"Our business operations remain stable, largely unaffected by events around the globe. In fact, we have slightly raised our guidance."

At 1040 BST, the shares were up 1.4% at €28.01.