TLDR
- Deutsche Telekom raised its 2026 adjusted EBITDA AL forecast to ~€47.5bn after a solid Q1
- Adjusted net profit grew 6.5% to €2.6bn; revenue edged up 0.4% to €29.9bn
- T-Mobile US posted 217,000 new postpaid account additions and raised its own full-year outlook
- Fiber rollout in Germany hit a milestone: 13 million homes can now connect to its FTTH network
- CEO Tim Höttges said operations remain “largely unaffected” by geopolitical events
Deutsche Telekom posted solid first-quarter results on Wednesday, beating on key metrics and nudging its full-year earnings forecast higher. The stock (ETR: DTEGn) was up 1.65% following the release.
Adjusted EBITDA AL came in at €11.5 billion, up 2.0% year-on-year — or 7.5% on an organic basis, stripping out the impact of a weaker U.S. dollar.
Revenue reached €29.9 billion, up 0.4% reported, but 4.7% higher in organic terms. The gap between the two numbers tells the story: the dollar’s slide took a chunk out of the headline figures.
🚨 $DTE (Deutsche Telekom) Q1 2026 Earnings
Steady growth in turbulent times…
raised full-year guidance is the real highlight 👀
________________________________________📊 KEY METRICS (Q1 2026)
🔹 Net Revenue: €29.9B (+0.4% reported / +4.7% organic) 🟢
🔹 Service… pic.twitter.com/XrAjJzQULM— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) May 13, 2026
Adjusted net profit rose 6.5% to €2.6 billion, equal to 54 euro cents per share.
The company lifted its 2026 adjusted EBITDA AL guidance to approximately €47.5 billion, up from €47.4 billion. Free cash flow AL guidance was raised to more than €19.8 billion. Adjusted EPS guidance of €2.20 was left unchanged.
CEO Tim Höttges kept it measured in his comments: “Our business operations remain stable, largely unaffected by events around the globe. In fact, we have slightly raised our guidance.”
T-Mobile US Carries the Load
The U.S. operation remains the group’s engine. T-Mobile US reported service revenues of $18.9 billion in Q1, up 11.5% year-on-year. Adjusted EBITDA AL at T-Mobile climbed 12.9% to $9.1 billion.
Postpaid account additions came in at 217,000 for the quarter, bringing the total to 34.4 million. T-Mobile raised its full-year postpaid net account addition guidance to 950,000–1,050,000, up from the previous 900,000–1,000,000.
That upgrade fed directly into Deutsche Telekom’s own raised guidance at the group level.
Fiber Buildout Hits Milestone in Germany
Back home, Deutsche Telekom crossed a milestone in Q1: more than 13 million German homes can now directly connect to its fiber-optic network.
FTTH customers stood at 2.2 million, with penetration rising from 15.5% to 17.1% over the past 12 months.
Mobile service revenues in Germany grew 2.1%, and branded contract customer additions totaled 200,000 in the quarter.
Total revenue in the Germany segment rose 2.1% organically to €6.3 billion. Adjusted EBITDA AL for the segment was up 2.5% organically.
Copper-based lines continued to fall, down 3,000 in Q1 — a trend that reflects the ongoing migration to fiber.
The European segment added 127,000 mobile contract customers, 54,000 broadband customers, and 30,000 TV customers. Revenue grew 2.1% organically to €3.1 billion.
T-Systems, the IT services arm, saw order entry rise 3.6% organically to €994 million. Revenue grew 2.1% to €1.0 billion, with digital services driving the gain. Adjusted EBITDA AL at T-Systems was up 4.0% to €84 million.
Deutsche Telekom’s Q1 organic revenue growth of 4.7% and raised full-year targets point to a group operating steadily across all its main divisions.
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