Quarterly guidance

Q4 Postpaid organic service revenue growth
Expected to be approximately 7% year-over-year.

Annual guidance

Account net additions
Approximately 1 million for the year.
Service revenues
Approximately $76.8 billion, representing 8% growth.
Postpaid ARPA growth
Approximately 3.5%, up from previous expectations of 2.5% to 3%.
Core adjusted EBITDA
Between $37.35 billion and $37.45 billion, up $100 million at the midpoint.
Cash CapEx
Approximately $10 billion, unchanged.
Adjusted free cash flow
Between $18.7 billion and $18.8 billion, up $150 million at the midpoint.

Outlook

Competitive environment
Management expects Q4 to have more variability due to staggered iPhone launches and increased device prices.
5G Broadband
The company is tracking ahead of its pace to reach 15 million customers by the end of the decade.
Physical AI
Management views this as a long-term opportunity, with early use cases focusing on selling solutions that reduce device costs.
Fiber business
The business is scaling well with approximately 20% 12-month penetration and is on track for 3 million to 4 million customers by 2030.
Spectrum auctions
Management plans to be diligent in upcoming 2027 and 2028 auctions, balancing network leadership needs with economic valuation.
AI and digital transformation
The company continues to see success in reducing care volumes and optimizing network planning through AI-driven tools.