Deutsche Telekom's Q2 organic revenue rises 3.3%

Deutsche Telekom AG

06/08/2026 06:15

Overview
Germany telecom operator's Q2 organic revenue rose 3.3% to €29.9 bln
Adjusted EBITDA AL grew 7.3% organically to €11.8 bln, adjusted net profit up 11.1%
Company raised 2026 free cash flow AL guidance to around €20.0 bln

Outlook
Deutsche Telekom raises 2026 free cash flow AL guidance to around €20.0 bln
Company maintains 2026 guidance for adj EBITDA AL at around €47.5 bln and adj EPS at €2.20
T-Systems expects full-year order entry to rise compared to 2025

Result Drivers
WORLD CUP BROADCAST - FIFA World Cup coverage on MagentaTV drove strong TV customer growth in Germany
T-MOBILE US EXPANSION - Service revenue and adjusted EBITDA AL in the United States rose, supported by postpaid account growth and new acquisitions
EUROPE SERVICE REVENUE - European segment saw earnings growth, driven by strong service revenue and positive customer base trends

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 29.9 bln
 
Q2 Net Income
 
EUR 2.5 bln
 
Q2 Adjusted EBITDA
 
EUR 11.8 bln
 
Q2 Free Cash Flow
 
EUR 5 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Deutsche Telekom AG is €37.00, about 34.9% above its August 5 closing price of €27.42
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 6 - Deutsche Telekom raises 2026 buyback program by $3.46 billion
Aug 5 - SpaceX's mobile ambitions jolt US telecom market, analysts debate threat

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)