T-Mobile (NASDAQ: TMUS) reported Q2 EPS of $0.67, $0.29 better than the analyst estimate of $0.38. Revenue for the quarter came in at $10.2 billion versus the consensus estimate of $9.81 billion.

• 1.3 million total net additions - 17 straight quarters of adding more than 1 million
• 817,000 total branded postpaid net additions - expect to lead industry for the 6th consecutive quarter
• 786,000 branded postpaid phone net additions - expect to capture over 100% of industry growth
• Record-low branded postpaid phone churn of 1.10% - down 17 bps YoY and 8 bps QoQ

Outlook

• Increasing guidance range for branded postpaid net customer additions to 3.0 - 3.6 million from 2.8 - 3.5 million
• Net income is not available on a forward-looking basis(2)
• Increasing Adjusted EBITDA target to $10.5 - $10.9 billion from $10.4 - $10.8 billion, which includes leasing revenues of $0.85 - $0.95 billion,(1) an increase from $0.8 - $0.9 billion
• Maintaining guidance of $4.8 - $5.1 billion of cash purchases of property and equipment, excluding capitalized interest; expect to be at the high end of our guidance range
• Three-year compound annual growth rates (CAGRs) for net cash provided by operating activities and free cash flow from FY 2016 to FY 2019 remain unchanged at 15% - 18% and 45% - 48%, respectively(1)

For earnings history and earnings-related data on T-Mobile (TMUS) click here.